11 Music Sq E 203, Nashville, TN 37203, Nashville, 37203 - 1 bed, 1 bath
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Nashville, TN 37203
This Historic NOO STR-Eligible Asset is listed at $345,000, positioned accurately at its $345,000 Fair Market Value. Boasting an Excellent Condition Rating following a comprehensive renovation, the unit offers a rare turn-key opportunity on Nashville’s legendary Music Row. The property features Non-Owner Occupied STR Eligibility, a highly coveted designation for maximizing rental yields. Sold fully furnished with all utilities included in the HOA, this historic residence provides immediate market entry for Short-Term Rental Investors or Buy-and-Hold Investors seeking a high-demand Nashville treasure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Music Sq E 203 Subject | $335,000* List Price | 1 | 1 | 750 | $447 | - |
A 1510 Demonbreun St 505 Sold | $310,000 | 1 | 1 | 785 | $395 | 0.2 mi |
B 600 12th Ave S 829 Sold | $424,900 | 1 | 1 | 824 | $516 | 0.4 mi |
C 700 Church St 204 Sold | $280,750 | 1 | 1 | 786 | $357 | 0.9 mi |
D 1803 Broadway 509 Sold | $350,000 | 1 | 1 | 820 | $427 | 0.2 mi |
E 1803 Broadway 121 Sold | $285,000 | 1 | 1 | 620 | $460 | 0.2 mi |
F 700 Church St 203 Sold | $350,000 | 1 | 1 | 786 | $445 | 0.9 mi |
G 1803 Broadway 624 Active | $342,000 List Price | 1 | 1 | 608 | $563 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building was originally constructed in 1974, the unit itself has undergone an extensive recent renovation within the last 5 years. The interior features a modern kitchen with stainless steel appliances, shaker-style cabinetry, and stone countertops, along with updated flooring, contemporary light fixtures, and a fully remodeled bathroom, meeting the criteria for excellent condition.
The property is eligible for a non-owner occupied short-term rental permit, a highly lucrative and sought-after designation in Nashville that allows for maximum investment income.
Located in the legendary Spence Manor, this unit offers a unique marketing advantage by being part of country music history, having hosted icons like Elvis Presley and Dolly Parton.
The unit is sold fully furnished and the HOA fee conveniently includes all major utilities (water, sewer, trash, gas, and electric), making it an immediate, low-friction rental operation.
At $805 per month, the association fees are substantial for a one-bedroom unit, which could significantly compress net cash flow and overall return on investment.
Constructed in 1974, the property may lack the modern amenities of newer luxury developments and could face higher long-term maintenance requirements or special assessments.
Turnkey NOO (Non Owner Occupied) STR on Music Row | Active Airbnb~ Get your Airbnb up and running before Nashville Super Bowl 2030! Fully furnished 1 bed, 1 bath condo in historic Spence Manor on Music Row. Approx. 750 sq ft and currently operating as a busy, income-producing Airbnb. Configured to sleep up to 6 guests, this unit is truly turnkey and ready for immediate rental use. Rare non-owner occupied STR (NOO) eligible opportunity in a prime Nashville location with strong year-round demand. Rich in history, Spence Manor has hosted legends like Dolly Parton, Elvis Presley, and Merle Haggard—offering guests a one-of-a-kind stay. HOA includes water, sewer, trash, gas, and electric. Buyer to obtain STR permit.
No exterior & parking available.
Grades K-4 • 1.4 mi
Grades 5-8 • 2.3 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 37% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 750 | 1,092 | 18% |
| Lot Size | 871 | 871 | 50% |
| Price | $335.0K | $460.0K | 36% |
| Price per sq ft | $447 | $429 | 54% |
| Built year | 1974 | 2014 | 10% |
| HOA | $805 | $489 | 79% |
| Days on market | 112 | 300 | 3% |
Apr 10, 2026
$335,000
$345,000
-3% Price Drop
Initial Listing
Jan 1, 2026
$345,000
Initial Listing