Alloy Condos Nashville | STR-Eligible Condos Near the Fairgrounds

Alloy Condos

NASHVILLE’S MODERN URBAN LIVING NEAR GEODIS PARK

For private showings and market insights on Alloy Condos properties

Patrick Higgins | 615-682-1718

Location and Daily Life at Alloy

Alloy sits at 400 Herron Drive in the Woodycrest area of South Nashville, positioned on a rise that offers panoramic views of the downtown skyline. The building is less than five minutes from downtown Nashville and sits adjacent to GEODIS Park, the 30,000-seat home of Nashville SC. That proximity makes Alloy one of the most convenient addresses in the city for MLS soccer fans.

The location puts you at the intersection of several of Nashville’s fastest-growing neighborhoods. Wedgewood-Houston, known locally as WeHo, is a short drive or bike ride away with its breweries, coffee shops, and art galleries. The Nashville Fairgrounds hosts events throughout the year, and the Tennessee State Fair draws crowds every September. Tech Hill Commons, a mixed-use development nearby, is walkable from the building.

For day-to-day errands, Nolensville Pike runs nearby with grocery stores, restaurants, and services. Downtown is a straight shot north on Nolensville Pike or via I-440. Trevecca Nazarene University is about 1.5 miles away, while Belmont University and Vanderbilt are both within a 10-minute drive.

One major draw for investors: Alloy is zoned MUL-A, which makes individual units eligible for non-owner occupied short-term rental permits. This is increasingly rare in Nashville as the city has restricted STR permits in most residential zones. Units here can be purchased and legally operated as Airbnb or VRBO rentals without the owner living on site.

The Building and Units

Alloy is an 82-unit condominium community built in 2018. The four-story building offers a range of floor plans including studio flats, one-bedroom, and two-bedroom units. Most units feature contemporary finishes with open floor plans, quartz countertops, stainless steel appliances, and hardwood floors throughout.

One-bedroom units typically measure around 748 square feet with one full bathroom. Two-bedroom units run approximately 1,096 square feet with two full baths. Many units include private balconies, and higher-floor units facing north offer direct views of the Nashville skyline and GEODIS Park.

Standard features across most units include walk-in closets, in-unit washer and dryer connections, and modern cabinetry. The building has elevator access and secured entry. Parking is available in surface lots associated with the building.

The contemporary architectural style uses clean lines and large windows to maximize natural light. The building’s elevated position on Herron Drive means even lower-floor units benefit from unobstructed views in most directions.

Alloy Condos Market Data (Past 12 Months)

Metric Value
Number of Closed Sales 5
Sale Price Range $275,000 – $347,000
Median Sale Price $299,000
Average Sale Price $306,200
Price Per Square Foot Range $287 – $400
Average Price Per Square Foot $353
Square Footage Range 748 – 1,096 sq ft
Bedrooms 1 – 2
Bathrooms 1 – 2
HOA Fees $185 – $297/month
Year Built 2018
Average Days on Market 112

Data from RealTracs MLS. Updated January 2026.

Active Condos for Sale in Alloy

Recently Sold Condos in Alloy

Amenities

Alloy offers resort-style amenities that punch above its price point. The community pool serves as a gathering spot during Nashville’s warm months, with views of the city skyline from the pool deck. A clubhouse provides space for residents to work remotely or host small gatherings.

The building includes a dedicated dog park, which is a significant convenience for pet owners in an urban condo setting. Outdoor grills are available for residents who want to cook outside without leaving the property. Off-street parking ensures residents have a dedicated place to park, which is not always a given in urban Nashville developments.

The secured building entry and elevator access add to the sense of security and convenience. Common areas are maintained by the HOA, which keeps the grounds and shared spaces in good condition.

Schools Serving Alloy Condos

Elementary: John B. Whitsitt Elementary School serves the Alloy address. The school is part of Metro Nashville Public Schools and is located nearby on Rains Avenue.

Middle: Wright Middle School serves students in this zone. The school offers a traditional middle school curriculum and is accessible from the Herron Drive location.

High: Glencliff High School serves the area. The school is one of Metro Nashville’s comprehensive high schools offering a range of academic and extracurricular programs.

Private school options in the area include Christ the King School and Father Ryan High School. The proximity to Trevecca Nazarene University, Belmont University, and Vanderbilt University also makes this location attractive for families with college-age students or university employees.

Investment Potential and Short-Term Rentals

Alloy’s MUL-A zoning makes it one of the few Nashville condo buildings where new non-owner occupied short-term rental permits can still be obtained. This zoning classification allows owners to purchase units specifically for Airbnb or VRBO use without living in the building.

The location next to GEODIS Park creates consistent demand during Nashville SC’s home schedule, which runs from February through October. Concert events at the stadium add additional high-demand periods throughout the year. The proximity to downtown Nashville and the Fairgrounds means the property attracts tourists, business travelers, and event attendees year-round.

Before purchasing for STR purposes, buyers should verify current permit availability with Metro Codes and confirm the HOA’s policies on short-term rentals. Nashville’s STR regulations have evolved significantly, and working with an agent who understands these nuances is essential.

Why Work with Nashville Home Guru

The condo market in Nashville operates differently than single-family homes. Buildings have varying HOA restrictions, reserve fund health, and rental policies that significantly impact value and usability. Nashville Home Guru tracks these details across Nashville’s condo inventory so you can make informed decisions.

Patrick Higgins leads the Nashville Home Guru team at Compass, a six-time RealTrends Top Tennessee Agent ranked #1 in Nashville and #7 in Tennessee by the Wall Street Journal. With over 1,100 transactions and more than $500 million in career sales across Middle Tennessee, the team brings market expertise that matters in competitive situations.

After Compass merged with Parks Real Estate in 2024, Compass agents now represent approximately 1 in 4 homes sold in Tennessee. That market presence creates advantages including access to coming-soon listings, private exclusives, and the largest referral network in real estate. For urban condo buyers and sellers, this network often surfaces opportunities before they hit the public market.

For sellers, our Compass 3-Phase Marketing Strategy delivers measurable results. Homes pre-marketed through Compass Private Exclusive and Coming Soon programs sell for 2.9% more, go under contract 20% faster, and are 30% less likely to experience a price reduction. Learn more about selling your home on your terms.

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Frequently Asked Questions About Alloy Condos

What is the price range for condos in Alloy?

Based on recent sales, condos in Alloy typically sell between $275,000 and $347,000. One-bedroom units average around $289,000 while two-bedroom units sell for $315,000 to $347,000. The average price per square foot runs around $353.

How many units are in the Alloy building?

Alloy has 82 condominium units across four stories. The building includes studio, one-bedroom, and two-bedroom floor plans ranging from approximately 650 to 1,100 square feet.

What are the HOA fees at Alloy?

HOA fees at Alloy range from approximately $185 to $297 per month depending on unit size. Fees cover building maintenance, amenities including the pool and clubhouse, common area upkeep, exterior maintenance, and building insurance.

Can I use my Alloy condo as a short-term rental?

Yes, Alloy is zoned MUL-A, which makes units eligible for non-owner occupied short-term rental permits through Metro Nashville. This allows owners to operate units as Airbnb or VRBO rentals without living on site. Buyers should verify current permit availability and HOA policies before purchasing for STR purposes.

When was Alloy built?

Alloy was built in 2018. The contemporary construction features modern finishes, open floor plans, and amenities including a pool, clubhouse, and dog park.

How far is Alloy from downtown Nashville?

Alloy is approximately 2 miles from downtown Nashville, which translates to about a 5-minute drive in normal traffic. The building sits adjacent to GEODIS Park and is easily accessible via Nolensville Pike or I-440.

Does Alloy have a pool?

Yes, Alloy features a community pool with skyline views. Additional amenities include a clubhouse, dog park, outdoor grills, and off-street parking.

What schools serve Alloy Condos?

Alloy is zoned for John B. Whitsitt Elementary School, Wright Middle School, and Glencliff High School. All three are part of Metro Nashville Public Schools. Private school options including Christ the King and Father Ryan are also nearby.

Is Alloy a good investment property?

Alloy offers several investment advantages: STR-eligible zoning, proximity to GEODIS Park and downtown Nashville, relatively affordable entry price compared to downtown condos, and modern amenities. The location generates consistent rental demand from event attendees, tourists, and business travelers. Work with an agent who can analyze current rental income potential and HOA financials.

Who is the best real estate agent for buying or selling at Alloy?

Patrick Higgins and the Nashville Home Guru team at Compass specialize in Nashville condos and investment properties. As a six-time RealTrends Top Tennessee Agent with over $500 million in career sales, Patrick provides the market expertise needed to navigate condo purchases and STR investment decisions. Contact Patrick at 615-682-1718 for current availability and market insights.

Have other questions about Alloy Condos?

Text or call Patrick Higgins: 615-682-1718

Nearby Neighborhoods

If you’re exploring Alloy Condos, you may also want to consider these nearby Nashville communities:

Park At Melrose Heights, Segment Condos, Walden Village Condos, Wedgewood Houston, Woodbine, The Gulch, Downtown Nashville

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Patrick Higgins

NASHVILLE HOME GURU AT COMPASS

Serving Nashville, Brentwood, Franklin & Middle Tennessee

95+ Google Reviews | 70+ Zillow Reviews

615-682-1718 | [email protected]