3 days on Rocket
$5,878 Closing Credit¹
#2802950, Lillian Bates, Listing Office: Hallson Real Estate
$549,900 List price
245 Hermitage Ave Unit 402 Nashville, TN 37210
$6,530
Closing credit¹
1 bed
1 full
657 sqft
0.2 acres
$837 / sqft
Condo
Property details
About 245 Hermitage Ave Unit 402
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!
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size657 sqft
BasementYes
Lot size0.2 Acres
Year builtNew Const., 2024
ParkingParking Lot
MLS #2778715
ViewCity
Summary
- MLS Number: 2778715
- MLS Name: REALTRAC
- Office Name: Compass RE
- Office Phone: (615) 945-7123
- Listing Agent: Grant Hammond, Broker, ABR, SRS, SFR, ePRO
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
© 2025 of the REALTRACS MLS. All rights Reserved.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:18:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$549,900
245 Hermitage Ave Unit 402
$6,530
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
4
Napier Elementary School
Public Magnet PK-4
0.3 mi
•70 Donelson St
5
Explore Community School
Public Charter KG-5
0.9 mi
•707 S 7th St
4
KIPP Academy Nashville Elementary School
Public Charter PK-4
1.0 mi
•1000 Sevier St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,886. Typical income of Nashville, TN residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
39%
<35k
51%
35k-100k
9%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
63%
Single, No Kids
11%
Single, with Kids
15%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
31%
18-34 yrs old
41%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
College Basketball
NBA/WNBA
Soccer
Where do the neighbors shop?
Dillards
Express/Express For Men
Forever 21
Where do the neighbors go to eat?
Logan's Roadhouse
Starbucks
Dominos Pizza
What do the neighbors drive?
Hyundai
Pontiac
Mazda
What do the neighbors listen to?
Rock
Urban Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
$8,431 Closing Credit¹
#2659465, Ryan Carpenter, Listing Office: Benchmark Realty, LLC
$3,468 Closing Credit¹
#2799521, Mercedes Vasquez, Listing Office: Elevate Real Estate Brokerage, LLC
19 hours on Rocket
$3,432 Closing Credit¹
#2804380, Ryan Tombul, Listing Office: Compass Tennessee, LLC
$9,013 Closing Credit¹
#2646826, Bill Henson, Jr., Listing Office: Parks Compass
$10,000 Closing Credit¹
#2768385, Grant Hammond, Broker, ABR, SRS, SFR, ePRO, Listing Office: Compass RE
$10,000 Closing Credit¹
#2792048, James Covington, Listing Office: Zeitlin Sotheby's International Realty
1 day on Rocket
$10,000 Closing Credit¹
#2803979, Leigh Gillig, Listing Office: Keller Williams Realty
Coming soon
$6,791 Closing Credit¹
#2796767, Zelda Sheldon, Listing Office: Benchmark Realty, LLC
Frequently asked questions
About 245 Hermitage Ave Unit 402
This home is located at 245 Hermitage Ave Unit 402 in Nashville, TN and zip code 37210 in the South Nashville neighborhood. This 657 square foot home, which was built in 2024, sits on a 0.20 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 15, 2025 and is currently priced at $549,900.
In February 2025 more than 41 listings in Nashville, TN were sold above the asking price. During the same period more than 114 listings were sold at asking price, while more than 252 were sold below. Between January and February 2025, Nashville, TN real estate market has seen increase in the number of listings by 12.9%. Listings spent 44 days on the market in February 2025, and had a median list price of $535,820 during the same period.
From Rocket Homes Real Estate and based on county public records data.