Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    901 21st Ave N Nashville, TN 37208

    Sponsored
    Source: https://www.intero.com
    For Sale
    $1,299,000

    Stunning Short-Term Rental Portfolio

    Property size:
    3,294 SF

    Description

    Added:
    May 30, 2025
    Days on Market:
    236
    Includes 903 & 905 21st Ave N. Over $159k in gross income the last 12 months. 7.08% Cap Rate. This stunning short-term rental portfolio offers the perfect blend of luxury and comfort in the heart of Music City. Offering three side by side beautifully appointed 3-bedroom units. The spacious living area is ideal for relaxing after a day of exploring. Fenced in yard with plenty of parking. All furnishings included. Conveniently located in a vibrant neighborhood, you'll find yourself just moments away from Nashville's top attractions, including live music venues, trendy restaurants, and boutique shops. Whether you're here for business or pleasure, this short-term rental is sure to exceed your expectations. Don't miss out on the opportunity to own a piece of booming Nashville, TN. Management in place and completely turn-key.

    Property Features for 901 21st Ave N

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,294 SF
    Price / Square Foot
    $394
    Total Parking Spaces
    8
    Elevators
    N/A
    Lot Size
    7,841 SF
    Net Operating Income
    $94,662

    Building Details

    Year Built
    2006
    Buildings
    3
    Stories
    1
    Units
    3

    We can help!

    Listing Contact
    Intero Headquarters

    Learn more

    Property Insight Report
    Location Intelligence

    Current Use by Public Records

    Dr. Aniket Rali Cardiologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    State
    Tennessee
    Longitude
    -86.8015287
    Latitude
    36.1508996

    Nearby Similar for Sale

    • $1,895,000
      2,575 SF

      Renovated Green Hills Commercial Building

      Standalone commercial building in Green Hills with flexible layout and parking.
      4105 Hillsboro Cir, Nashville, TN 37215
      View Details
    • $685,000
      1,704 SF

      Green Hills Villa with Accessibility

      Rare villa with accessible features, convenient location, and low-maintenance living.
      4207A Kirtland Rd, Nashville, TN 37215
      View Details
    • $199,900
      1,043 SF

      Nashville Condo with Community Amenities

      Move-in ready condo near interstates, universities, and Nashville hotspots.
      2929 Selena Dr, Nashville, TN 37211
      View Details
    • $2,515,000
      7,448 SF

      East Nashville Boutique Community Quadplex

      Four units in East Nashville with high-end finishes and rooftop deck.
      1043 E Trinity Ln, Nashville, TN 37216
      View Details
    • $550,000

      Luxury Condo with Sunset Views

      Renovated condo with all-inclusive HOA near downtown Nashville.
      6666 Brookmont Ter, Nashville, TN 37205
      View Details
    • $1,199,000

      Nashville Penthouse with Sunset Views

      Upscale penthouse with two en suite bedrooms and stunning views.
      3000 Poston Ave, Nashville, TN 37203
      View Details
    • $1,430,000

      Germantown Premier Residence with Income

      Custom-built townhome with city views and income potential.
      614 Madison St, Nashville, TN 37208
      View Details
    • $390,000
      1,115 SF

      Top Floor Condo in Nashville

      Luxury condo near Hillsboro Village, Vanderbilt, and Belmont Universities.
      2600 Hillsboro Pike, Nashville, TN 37212
      View Details
    • $4,000,000
      5,623 SF

      Nashville Medical Office Building For Sale

      Medical office building in Nashville's healthcare corridor, ideal for owner-users.
      404 Dr Db Todd Jr Blvd, Nashville, TN 37203
      View Details
    • $552,500

      Nashville Duplex with Income Potential

      Four-bedroom, three-bathroom duplex in Beverly Heights, Nashville with rental potential.
      4931 Sherman Oaks Dr, Nashville, TN 37211
      View Details
    • $650,000

      Riverfront Condo with Rental Income

      Turn-key condo near Broadway, permitted for short-term rental.
      700 1St Ave N, Nashville, TN 37201
      View Details
    • $819,000

      Turnkey East Nashville Townhome

      Modern townhome in walkable East Nashville, fully furnished and ready.
      1104 Greenwood Ave, Nashville, TN 37206
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Stunning Short-Term Rental Portfolio
    Where is this multifamily property located?
    The property is located at 901 21st Ave N Nashville, TN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (408) 342-8696
    Request Owner's contact information
    901 21st Ave N Nashville, TN 37208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 21st Ave N
    Nashville, TN 37208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901 21st Ave N Nashville, TN 37208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Intero Headquarters
    (408) 342-8696
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.