824 Watts Ln, Nashville TN 37209
Industry Square presents an opportunity to acquire a concentrated portfolio of 10 newer-construction townhomes within a boutique 16-residence community in West Nashville. Offered together at $6.25M, 9 of the 10 residences are currently leased, providing an established rent roll with approximately $387,000 in annualized in-place gross rent. Current rents are predominantly $3,650/month, with only one lease receiving a one-month concession and lease terms extending into 2027 and 2028. The portfolio represents an average acquisition basis of $625,000 per residence and includes 10 of the community
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Nashville
This property is offered at $2,971 per square foot, compared with a $338 median for active listings without a reported bedroom count in Nashville. Its asking price falls near the 91st percentile of that active group. The comparison uses 693 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 16 days, while the current cohort averages 87 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $610,000, and the median is $323 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 6219 Neighborly Ave | Jul 10, 2026 | 3 bd · 1,056 sqft | $350,000 | 0.1 mi |
| 404 Mercomatic Dr | Aug 4, 2026 | 2 bd · 1,447 sqft | $349,900 | 0.2 mi |
| 404 Mercomatic Dr | May 27, 2026 | 2 bd · 1,332 sqft | $347,500 | 0.2 mi |
| 105 Ladera Ct | May 29, 2026 | 4 bd · 2,934 sqft | $1,410,000 | 0.2 mi |
| 6029 Hill Circle | Jun 25, 2026 | 4 bd · 3,145 sqft | $1,500,000 | 0.3 mi |
| 6027 Hill Circle | Jul 13, 2026 | 4 bd · 3,145 sqft | $1,500,000 | 0.3 mi |
| 407 W Bend Dr | Aug 8, 2026 | 3 bd · 1,147 sqft | $360,000 | 0.3 mi |
| 6531 Mercomatic Ct | Aug 17, 2026 | 4 bd · 2,961 sqft | $860,000 | 0.3 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $6,250,000 · Active
- $6,250,000 · Off Market
- $6,250,000 · Active
Location reference points
How this address sits within the Nashville area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- I-24 at Manchester62.8 miles straight-line · roughly 112 driving minutes
- Downtown Manchester63.4 miles straight-line · roughly 113 driving minutes
- Arnold Air Force Base68.0 miles straight-line · roughly 121 driving minutes
Continue comparing
Similar active homes in Nashville
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Nashville homes for sale · See the Nashville market report