🎸 $100K+ in 2025 Revenue + a Coveted NOO STR Permit in Nashville

💰 $799K • $100K+ 2025 Gross Revenue • 5 Bedrooms • NOO STR Permitted • Walkable East Nashville • Near New Stadium + East Bank • Proven Rental

📩 Interested?

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🚨 The Permit May Be Just as Important as the Revenue

Nashville has no shortage of homes that look like they'd make great Airbnbs.

The problem? You can't necessarily operate them as one.

That's what immediately makes 109 N 9th St #3 interesting. This 5-bedroom East Nashville property is permitted as a Non-Owner Occupied Short-Term Rental (NOO STR) and already has the revenue history to go with it:

$100,000+ in Gross Rental Revenue in 2025

Offered at $799,000, you're looking at an established Nashville vacation rental rather than buying a residential property and hoping the STR piece works out.

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🏡 The Asset

109 N 9th St #3, Nashville, TN 37206

💰 Price: $799,000

💵 2025 Gross Revenue: $100K+

📊 Gross Revenue / Price: 12.5%+

🛏️ 5 Bedrooms

🚿 2 Bathrooms

📐 2,156 Sq Ft

📜 NOO STR Permitted

🚶 Walkable East Nashville Location

🎸 Minutes from Downtown Nashville

🏟️ Near the new stadium + East Bank development

🍽️ Steps from Main Street restaurants, bars & entertainment

For us, the combination of existing revenue + five bedrooms + the NOO STR permit + location is the investment story.

📜 Let's Talk About That NOO STR Permit

For an STR investor, this is one of the first things we'd pay attention to.

The property is represented as already permitted for Non-Owner Occupied Short-Term Rental use.

That matters because you're evaluating a property that's already being operated as an STR without requiring the owner to occupy it.

A buyer should still independently verify the permit's current status and what is required to maintain or transfer the ability to operate after a sale before closing.

But compared with trying to convert an ordinary Nashville property into an STR, having an established NOO STR operation is a major distinction.

💰 $100K+ of Proven Revenue

The second part of the story is straightforward:

The property grossed more than $100K in 2025.

At the $799K asking price, $100K of gross revenue represents approximately:

12.5% Gross Revenue / Purchase Price

Or approximately:

8x 2025 Gross Revenue

That's not a cap rate or cash-on-cash return—buyers will need to underwrite management, utilities, insurance, taxes, maintenance, platform fees, cleaning economics and other operating costs.

But unlike an STR projection, there's actual historical revenue here to investigate.

👥 Five Bedrooms Matter in Nashville

This isn't a one-bedroom condo competing primarily for couples.

The property has:

5 Bedrooms Across 2,156 Sq Ft

That gives it the ability to target the group-travel demand that's particularly relevant in Nashville—friend groups, celebrations, family trips, event weekends and other larger parties.

And those guests aren't staying way outside the action.

🚶 Walkable East Nashville

The location may be the other major differentiator.

The property sits in the heart of East Nashville, just steps from the restaurants, bars and entertainment around Main Street.

Guests are also:

🎸 Minutes from Downtown

🍽️ Walkable to dining & nightlife

🏟️ Within walking distance of the new stadium and East Bank development

That combination of neighborhood walkability and easy Downtown access is exactly the type of location that can make a vacation rental easier to market to Nashville visitors.

🏟️ The East Bank Angle

There's also a longer-term location story here.

The property is positioned within walking distance of Nashville's new stadium and East Bank development.

For an investor planning to hold the property for years rather than simply evaluating next month's Airbnb bookings, that surrounding development is worth researching as part of the thesis.

You already have an operating STR today, while potentially owning in the path of significant nearby investment.

📊 The Investment Story

Here's the quick version:

💰 Asking Price: $799,000

💵 2025 Gross Revenue: $100K+

📊 Gross Revenue / Price: 12.5%+

📈 Price / Revenue: <8x

🛏️ Bedrooms: 5

📐 Size: 2,156 Sq Ft

📜 NOO STR Permitted

🚶 Walkable East Nashville

🏟️ Near New Stadium + East Bank

The numbers still need to be fully underwritten, but the combination here is compelling: an existing NOO STR permit, proven six-figure gross revenue, group-friendly bedroom count, and a strong Nashville location.

💸 Financing & Tax Angle

An established STR with documented revenue may be worth evaluating with lenders that understand vacation-rental properties.

👉 Explore STR Financing Options Here

Depending on the borrower and lender requirements, potential structures may include DSCR, conventional investment, portfolio, and other STR-focused financing.

👉 Get Matched With an STR Lender Here

🧾 Cost Segregation

Qualifying investors may also want to evaluate cost segregation after acquisition.

We partner with Segonomics, the lowest-priced cost segregation partner we've found, and Offer Sheet readers can get a further discount.

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👉 Get Your Cost Segregation Study Here

Members of Offer Sheet Pro can receive:

50% OFF

with studies as low as $1,749.

Offer Sheet Pro members can reply to the newsletter for the private 50% discount code.

Tax outcomes vary by investor, so buyers should review potential benefits with a qualified tax professional.

🏡 Need Help Finding Your Own STR?

We partner with a team that helps investors identify fully underwritten, data-backed STR opportunities based on their budget and investment goals.

They can help with market selection, revenue projections, property recommendations, design, amenity strategy, management, listing optimization, and pricing.

👉 See Available STR Investment Opportunities Here

They typically require buyers to have around $150K available for the down payment, furnishing, design, and revenue-driving amenities.

To date, they've helped investors acquire 375+ properties generating $60M+ in rental revenue, with $25M+ in estimated tax savings.

👉 Get Matched With an STR Property Here

🎯 Why This One Stands Out

📜 NOO STR Permit

For a Nashville investor, an existing non-owner occupied STR operation is a big part of the appeal.

💰 Six-Figure Revenue

The property generated more than $100K in gross rental revenue during 2025.

🛏️ Five Bedrooms

A group-friendly layout gives the property the ability to target larger Nashville trips.

🚶 Walkability

Restaurants, bars and entertainment are right around the corner, with Downtown just minutes away.

🏟️ East Bank + Stadium

The property is positioned near—and represented as walkable to—one of Nashville's major development areas.

⚡ Bottom Line

$799K. $100K+ in 2025 Revenue. 5 Bedrooms. NOO STR Permitted.

There are plenty of properties in Nashville that an investor could wish were Airbnbs.

This one is already doing it.

At the asking price, the $100K+ of 2025 gross revenue represents a 12.5%+ gross revenue-to-price ratio, with the property trading for less than 8x reported annual revenue.

Then add what may be the most valuable part of the package: an existing NOO STR permit, five bedrooms geared toward Nashville's group-travel market, a walkable East Nashville location, and proximity to Downtown, the new stadium, and East Bank development.

For an investor specifically hunting for an established Nashville STR rather than an STR conversion project, this one deserves a closer look.

👉 🏡 Express Interest in This Property