245 Hermitage Avenue, Unit 402
Nashville, TN 37210
$549,900
Price
1
Bed
1
Bath
657 Sq. Ft.
$837 / Sq. Ft.
657
Sq. Ft.
$837
per Sq. Ft.
Listed By Compass
Listed By Compass
Description
RARE AIRBNB OPPORTUNITY | PENTHOUSE UNIT IN NEO Neo is a boutique 23 unit condominium building in downtown Nashville, uniquely designed for discerning investors seeking Non-Owner Occupied Short Term Rental (NOO STR) properties. Every aspect of NEO has been thoughtfully engineered to maximize Airbnb income potential. From sunlit open floor plans and integrated bunk nooks (optimizing guest capacity) to durable high-end finishes like quartz countertops, LVT flooring, high-efficiency appliances, LED...RARE AIRBNB OPPORTUNITY | PENTHOUSE UNIT IN NEO Neo is a boutique 23 unit condominium building in downtown Nashville, uniquely designed for discerning investors seeking Non-Owner Occupied Short Term Rental (NOO STR) properties. Every aspect of NEO has been thoughtfully engineered to maximize Airbnb income potential. From sunlit open floor plans and integrated bunk nooks (optimizing guest capacity) to durable high-end finishes like quartz countertops, LVT flooring, high-efficiency appliances, LED lighting, CAT6 wiring, and energy-efficient HVAC systems, NEO combines style and functionality for long-term profitability. The building features an inviting lobby, a chic sky lounge, and a rooftop terrace with stunning skyline views—ideal for attracting premium rental rates. Ample parking adds further convenience. Zoned MUL, NEO is a prime vacation rental investment opportunity. NEO’s location is unparalleled: within walking distance of Nashville’s most popular destinations. It’s just 1 mile to Broadway and a short stroll to Ascend Amphitheater, the Convention Center, and the trendy bars and restaurants of SoBro. Perhaps most notably, NEO stands out as the only Airbnb-eligible condo building in downtown Nashville approved for conventional financing, offering investors the flexibility to work with any Airbnb management company they prefer. Secure your spot in one of the most profitable short-term rental markets in the country. Contact us today to learn more about this exceptional investment opportunity!
Listing Agent
![Grant Hammond]()
grant.hammond@compass.comP: (615)-945-7123
Property Details for 245 Hermitage Avenue, Unit 402
Architectural Style
Contemporary
Subdivision NameNEO Nashville
ViewCity
WaterfrontNo
LISTING UPDATED: 02/04/2025 01:21 PM
Property Details for 245 Hermitage Avenue, Unit 402
| Status | Active |
|---|---|
| MLS # | 2778715 |
| Days on Market | 53 |
| Taxes | - |
| HOA Fees | $250 / month |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Residential / Flat Condo |
| Year Built | 2024 |
| County | Davidson County |
Building Information for 245 Hermitage Avenue, Unit 402
Building/Complex245 Hermitage AveFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built2024
Property Information for 245 Hermitage Avenue, Unit 402
Summary
Location and General Information
- Accessibility Features: Accessible Doors, Accessible Elevator Installed, Accessible Hallway(s)
- Directions: From Downtown Nashville: East on 1st Avenue/Hermitage Avenue past Ascend Amphitheater until you reach NEO on your Right.
- Elementary School: Jones Paideia Magnet
- High School: Pearl Cohn Magnet High School
- Levels: One
- Living Area Source: Professional Measurement
- Living Area Units: Square Feet
- Middle Or Junior School: John Early Paideia Magnet
- Mlg Can View: Yes
Parking
- Total Non Garage Parking Spaces: 1.0
- Garage Spaces: .00
- Parking Features: Parking Lot
- Parking Total: 1.00
Taxes and HOA Information
- Association Amenities: Clubhouse, Fitness Center, Underground Utilities
- Association Fee Includes: Exterior Maintenance, Maintenance Grounds, Trash, Water
- Condo Coop Association YN: Yes
Virtual Tour
- Virtual Tour URL Branded: http://tour.ShowcasePhotographers.com/index.php?sbo=jf2405314
Property
Building Information
- Above Grade Finished Area Source: Professional Measurement
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area Source: Professional Measurement
- Below Grade Finished Area Units: Square Feet
- Building Area Source: Professional Measurement
- Building Area Units: Square Feet
- Flooring: Tile
Green Features
- Green Energy Efficient: Windows, Thermostat, Spray Foam Insulation
Lot Information
- Lot Features: Level
- Lot Size Source: Assessor
- Lot Size Units: Acres
- Parcel Number: 093120A40200CO
- Lot Size Area: 0.2
Property and Assessments
- Construction Materials: Frame, ICFs (Insulated Concrete Forms)
- Documents Count: 5
- New Construction: Yes
- Possession: Close Of Escrow
- Property Attached: Yes
- Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
- Senior Community: No
- Stories: 1
- Year Built Details: NEW
Utilities
- Basement: Slab
- Cooling: Central Air, Electric
- Cooling: Yes
- Heating: Central, Electric
- Heating: Yes
- Sewer: Public Sewer
- Utilities: Electricity Available, Water Available
- Water Source: Public
Interior and Exterior Features
Interior Features
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Electric Oven, Electric Range
- Fireplaces Total: 0
- Fireplace: No
- Interior Features: Ceiling Fan(s), Smart Appliance(s), Smart Thermostat
- Laundry Features: Electric Dryer Hookup, Washer Hookup
Bedroom Information
- Main Level Beds: 1
Exterior Features
- Attached Garage: No
- Carport: No
- Common Walls: End Unit
- Covered Spaces: .00
- Exterior Features: Smart Light(s), Smart Lock(s), Balcony, No Dock
- Fencing: Privacy
- Garage: No
- Patio And Porch Features: Patio
- Pool Private: No
- Roof: Membrane
- View YN: Yes
Room Information
Room 1
- Room Dimensions: 11x10
- Room Features: Suite
- Room Type: Bedroom 1
Room 2
- Room Dimensions: 12x9
- Room Features: Eat-in Kitchen
- Room Type: Kitchen
Room 3
- Room Dimensions: 10x10
- Room Features: Combination
- Room Type: Living Room
Property History for 245 Hermitage Avenue, Unit 402
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 245 Hermitage Avenue, Unit 402
Taxable ValueLand$16,250Additions$53,200Total$69,450
Tax Record2024$2,260 ($188 / month)
Home Facts
Beds1Total Finished SqFt636 SqFtAbove Grade Finished SqFt636 SqFtStories1StyleCondominiumYear Built2023CountyDAVIDSONAPN093-12-0A-402-00
Schools near 245 Hermitage Avenue, Unit 402
This home is within Davidson County.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mcgavock Elementary School PublicPK to 5 | ||
Two Rivers Middle School Public6 to 8 | ||
Mcgavock Comp High School Public9 to 12 | ||
Lead Academy Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 02/04/2025 01:21 PM
