402 Cleveland St 2, Nashville, TN 37207
402 Cleveland St 2, Nashville, TN 37207, Active at $784,900 ($371/sq ft). 4 bd · 4.5 ba (4 full, 1 half) · 2,118 sqft · $371/sqft · 0.01 ac.
402 Cleveland St 2, Nashville, TN 37207, Active at $784,900 ($371/sq ft). 4 bd · 4.5 ba (4 full, 1 half) · 2,118 sqft · $371/sqft · 0.01 ac.
Exterior of the three-story building with dark brick and light panel siding under a sunset sky.
Active · $784,900
MLS #3597598 · listed September 5, 2026 · 49 days on market · updated October 1, 2026
4-bed, 4.5-bath residence at 402 Cleveland St 2 in The Hendrix, Nashville, 2,118 sqft, $784,900 ($371/sqft), by Compass.
402 Cleveland St 2 is a 4-bedroom, 4.5-bath Airbnb in Nashville, TN 37207, offered at $784,900, about $371/sq ft across 2,118 sq ft.
All-in, about $5,470/mo at 20% down (7.40% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this Airbnb (property tax, insurance, and HOA) run about $1,122/mo, roughly 21% of the all-in monthly payment.
At the current 7.40% 30-year rate, principal and interest on this Airbnb runs about $4,348/mo; at the 6.77% rate of about three months ago it would be roughly $4,081/mo, so monthly P&I is about $267 higher now.
Short-term rental: this building permits STR, subject to a Metro Nashville permit.
Next step: ask Grant Hammond anything about 402 Cleveland St 2 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 1, 2026. Realtracs via IDX.
Short-term-rental property: see permit type and the revenue outlook below. STR eligibility is confirmed parcel by parcel, subject to a Metro Nashville permit.
More context: the Nashville short-term-rental zoning and permits guide.
SHORT-TERM RENTAL OPPORTUNITY | FULLY FURNISHED | COMPLETELY TURNKEY. 402 Cleveland St #2 is a beautifully executed East Nashville STR that is truly ready to go from day one. Impeccably maintained and exceptionally decorated, the entire property has been thoughtfully curated around the guest experience, bold wallpaper, statement lighting, custom design moments, Nashville-inspired touches, memorable bedrooms and entertaining spaces that photograph incredibly well and give the home an identity guests will actually remember. The furnishings, artwork, decor and styling are already in place, making this far more than a furnished property; it is a finished hospitality product. For an investor, the turnkey component is hard to overstate. There is no furnishing package to source, no designer to hire, no months of setup and no major refresh needed before getting to work. The home is in excellent condition, fully furnished and positioned for an owner to step in and operate immediately. For buyers focused on year-one tax strategy, the furnished STR setup also creates an opportunity to evaluate cost segregation and current bonus-depreciation benefits with their tax professional. The location puts guests in the middle of one of Nashville's most exciting growth corridors. Five Points, Downtown, Broadway, Germantown and Topgolf are all just minutes away, while a coffee shop is literally located within the development. Just beyond the property, Nashville's 550-acre East Bank transformation stretches from the stadium district north through River North and the future Oracle campus, with new riverfront parks, greenways, mixed-use development and expanded pedestrian connectivity planned throughout the area. And then there is what comes next: the new enclosed Nissan Stadium is scheduled for completion in February 2027, with concerts expected to begin that spring, CMA Fest in June and the Titans beginning play there during the 2027 season, another significant year-round demand drive
Listing remarks via the Realtracs Internet Data Exchange.
The listing photos show a three-story townhouse with dark brick and light panel siding on the exterior and a mural on the side wall. The top floor opens to a rooftop deck with a dining table, lounge seating and string lights, with a view of the Nashville skyline. Inside, an open living and dining area with wood floors leads to a kitchen with a center island, and a corner nook has a window with white blinds.
Seen in the photos: rooftop deck, string lights, outdoor dining table, composite deck, open living area, kitchen island, wood floors, staircase with wood treads.
Described from the Realtracs listing photos; measurements, counts and features per the listing and county records on this page.
Complete reported fields for 402 Cleveland St 2 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $784,900 | ||
| Quitclaim deed | $0 | ||
| Deed recorded | $870,000 | ||
| Quitclaim deed | $0 | ||
| Deed recorded | $675,000 |
Listed September 5, 2026, this listing has been on the market 49 days as of October 24, 2026. The asking price has not changed since it was listed.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
402 Cleveland St 2 has 2 Realtracs listing records in the GH Market Engine archive. Every dated event the engine holds for this address, newest first, with its source.
| Date | Event | Price | Source |
|---|---|---|---|
| List price | $784,900 | Realtracs MLS #3597598 | |
| Listed for sale | n/a | Realtracs MLS #3597598 | |
| Listing removed | n/a | Realtracs MLS #2622320 | |
| Sold | $870,000 | Realtracs MLS #2622320 | |
| Sold (public record) | $870,000 | Public record | |
| Under contract | n/a | Realtracs MLS #2622320 | |
| Listed for sale | $875,000 | Realtracs MLS #2622320 | |
| Sold (public record) | $675,000 | Public record |
Realtracs listing activity before July 4, 2026 is not in our archive. Recorded sales come from Davidson County public records. "by" marks a date the archive learned after the fact.
The Davidson County Assessor's appraised value of 402 Cleveland St 2 by year: $113,000 in 2021 to $868,800 in 2025, a change of +669%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $174,000 | $694,800 | $0 | $868,800 | ROLL |
| 2023 | $113,000 | $363,900 | $0 | $476,900 | ROLL |
| 2022 | $113,000 | $363,900 | $0 | $476,900 | ROLL |
| 2021 | $113,000 | $0 | $0 | $113,000 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Investor carrying cost for 402 Cleveland St 2 at $784,900: debt service, property tax, STR-grade insurance, HOA, plus management and occupancy tax, netted against the revenue outlook above for a cap-rate view.
| List price | $784,900 |
|---|---|
| HOA dues | $250 / mo |
| Operating load | Management, cleaning, occupancy tax, and STR-grade insurance reduce net yield, see the conservative revenue outlook above. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 402 Cleveland St 2 is about $5,470/mo, 20% down on a 30-year fixed at 7.40% (a conforming loan), including principal & interest $4,348, estimated property tax $460, STR-grade insurance $412, and HOA dues $250. Estimate only; not a loan offer.
| Principal & interest | $4,348/mo |
|---|---|
| Property tax (est.) | $460/mo |
| STR-grade insurance (est.) | $412/mo |
| HOA dues | $250/mo |
| Estimated total | $5,470/mo |
Assumes 20% down, 30-year fixed at 7.40% (Mortgage News Daily, as of October 20, 2026). Property tax uses the Davidson County Urban Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.40% | $3,928/mo | $5,050/mo | -$420/mo |
| 6.90% | $4,135/mo | $5,257/mo | -$213/mo |
| 7.40% | $4,348/mo | $5,470/mo | current |
| 7.90% | $4,564/mo | $5,686/mo | +$216/mo |
| 8.40% | $4,784/mo | $5,906/mo | +$436/mo |
Principal & interest on a 30-year fixed at 20% down ($627,920 loan), with property tax, insurance, and HOA held constant at $1,122/mo. Current 30-year fixed 7.40% (Mortgage News Daily, as of October 20, 2026). Estimate only; not a loan offer.
Illustrative gross short-term-rental revenue for 402 Cleveland St 2 at two example assumptions (illustrative inputs, not a market forecast for this property):
| Scenario | Nightly rate | Occupancy | Gross / yr |
|---|---|---|---|
| Conservative | $175/night | 50% | $31,900 |
| Stronger | $275/night | 68% | $68,300 |
Gross is nightly rate × 365 × occupancy. Net is materially lower after operating costs (management, cleaning, Metro occupancy tax, STR-grade insurance; commonly 30–40% of gross) and debt service of about $4,348/mo in principal and interest at 20% down. Turn on JavaScript to model your own assumptions (cash flow, cash-on-cash, DSCR, cap rate).
Nightly rate and occupancy above are illustrative example inputs, not a market forecast for this property. A non-owner-occupied short-term-rental permit is issued parcel by parcel by Metro Nashville and does not convey on sale. Estimate only; not financial or investment advice.
| Metric | This Airbnb | Nashville 37207 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $371 | $277 median | - |
| Price position | 78th pctile | +34% vs median | - |
| Nashville 37207 vs greater Nashville | - | -17% | - |
This listing beside the active Nashville 37207 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 24, 2026.
This listing beside the active Nashville 37207 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 21, 2026.
At $371/sq ft, this Airbnb ranks in the 78th percentile of the active Airbnbs in Nashville 37207 by price per square foot.
Nashville 37207 trades about 17% below greater Nashville on a price-per-square-foot basis.
Taken together, this Airbnb reads toward the higher end per square foot for Nashville 37207.
Computed by Grant Hammond from the active Nashville 37207 comparables (Realtracs via IDX), as of October 24, 2026, refreshed weekly.
| Active listings | 154 in Nashville 37207 condos |
|---|---|
| Recent absorption | about 17.5 sales / mo |
| Months of inventory | 8.8 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37207 condos sold at about 100% of list price.
Recorded sales in Nashville 37207 condos: 220 in the past 12 months.
Supply-side and recent-sale context for Nashville 37207 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37207 condos closings. Source Realtracs via IDX, as of October 11, 2026.
402 Cleveland St 2 sits in The Hendrix, Nashville, Davidson County.
In Nashville 37207, homes there are priced around $283 per square foot; inventory in Nashville 37207 condos is running at about 8.8 months, a buyer-favored market; recent sales closed near 100% of list price; 80 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 21, 2026.
Approximately 1.9 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 402 Cleveland St 2 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 402 Cleveland St 2, by price and size.
Listed with Compass. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
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A turnkey Airbnb investment in Nashville transfers as an operating business: professionally furnished, professionally managed, with verified income and forward bookings. Alora Nashville executes this model at the highest level, and 100% bonus depreciation under the One Big Beautiful Bill Act makes day-one placed-in-service status especially valuable for executive investors.
As of the latest update (October 1, 2026), 402 Cleveland St 2, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
402 Cleveland St 2 was listed on September 5, 2026 and has been on the market 49 days as of October 24, 2026, per Realtracs.
No. The asking price has been $784,900 since it was listed on September 5, 2026.
The listing photos show a three-story townhouse with dark brick and light panel siding on the exterior and a mural on the side wall. Features seen in the photos include rooftop deck, string lights, outdoor dining table, composite deck, open living area and kitchen island. Described from the Realtracs listing photos.
402 Cleveland St 2, Nashville is listed at $784,900, about $371 per square foot across 2,118 square feet.
4 bedrooms and 4.5 bathrooms (4 full, 1 half).
About $371 per square foot ($784,900 across 2,118 sqft).
402 Cleveland St 2, Nashville was built in 2021.
Yes, 2 garage spaces, per the listing.
HOA dues are $250 per month, as listed.
402 Cleveland St 2, Nashville is in The Hendrix subdivision of Nashville.
About $5,470 a month with 20% down on a 30-year fixed at 7.40%, principal and interest $4,348, estimated property tax $460, insurance $412, and HOA $250. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
402 Cleveland St 2, Nashville is marketed as a short-term-rental investment property. Non-owner-occupied STR permits are issued parcel by parcel by Metro Nashville, not by neighborhood; confirm current permit status before closing.
No. A Metro Nashville STR permit is tied to the property and the permit holder and does not automatically convey; a buyer applies for their own.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales and 550+ Nashville short-term rental transactions. Use the tour or question form on this page.
At about $371 per square foot, 402 Cleveland St 2, Nashville ranks in the 78th percentile of active Nashville 37207 listings by price per square foot, roughly 31% above the Nashville 37207 median; recent comparable sales in Nashville 37207 closed near $315 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37207 condos market is currently buyer-favored (ample supply), at about 8.8 months of inventory; recent sales have closed near 100% of list price over the past year, per Realtracs as of October 11, 2026.
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