Property details
About this property
311 3rd Ave S is a property in Nashville, TN 37201, last listed at $7,075,000.
Recently sold in Nashville 37201: 9 comparable homes from $4,350,000 to $7,075,000, a median of $1,768/sq ft.
How is it priced in Nashville?
Full Nashville 37201 market detail
| Active listings | 82 |
|---|---|
| Median list price | $1,129,500 |
| Median $/sqft (list) | $1,121 |
| Homes closed (12-mo) | 37 |
| Median closed price | $800,000 |
| Average closed price | $1,098,466 |
As of (82 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
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Financing this property
Five-plus-unit and commercial properties are financed with a commercial loan, not a conforming 30-year mortgage: DSCR-underwritten, typically 20-30% down on a 20-25-year amortization (often a 5/7/10-year term), and qualified on net operating income (NOI), not personal income. Ask Grant Hammond about financing and to request the rent roll and operating statement.
Frequently asked questions
How is 311 3rd Ave S financed?
Five-plus-unit and commercial properties use a commercial loan -- commonly DSCR-underwritten on the property's net operating income, typically with 20-30% down on a 20-25-year amortization -- not a conforming 30-year mortgage. Contact Grant Hammond, Compass RE, about financing.
What is the cap rate or rent roll for 311 3rd Ave S?
Cap rate, net operating income, and gross rent multiplier depend on the current rents and operating expenses, which are not included in the public listing data. Contact Grant Hammond, Compass RE, for the rent roll and operating statement.
How much does 311 3rd Ave S cost?
311 3rd Ave S is listed at $7,075,000 (as of 07-04-2026).
How big is the lot for 311 3rd Ave S?
311 3rd Ave S sits on a 0.23-acre lot, measuring approximately 10,019 sqft (per the listing).
When was 311 3rd Ave S built?
311 3rd Ave S was built in 2004.
Is Nashville a buyer's or seller's market?
Nashville is currently a buyer's market, with about 27.3 months of supply, 94.8% sale-to-list. The median list price is around $1,129,500 (as of 08-11-2026, RealTracs via IDX).
Similar listings near Nashville 37201
- 160 2nd Ave S 3502 Nashville, $4,100,000, 2 bd / 2.5 ba, 2,378 sq ft
- 160 2nd Ave S 3202 Nashville, $3,695,000, 2 bd / 2.5 ba, 2,378 sq ft
- 160 2nd Ave S 2602 Nashville, $2,925,000, 2 bd / 2.5 ba, 1,544 sq ft
- 160 2nd Ave S 1602 Nashville, $2,500,000, 2 bd / 2.5 ba, 1,544 sq ft
- 309 Church St Ph 605 Nashville, $2,195,000, 3 bd / 2 ba, 2,185 sq ft
- 160 2nd Ave N 312 Nashville, $1,950,000, 3 bd / 2 ba, 1,699 sq ft
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Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.