11 Music Sq E 608, Nashville, TN 37203, Nashville, 37203 - 12 bed, 7 bath
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Nashville, TN 37203
Analysis of 11 Music Sq E 608, Nashville, TN 37203 is currently available with a list price of $2,980,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While the building was originally constructed in 1974, the listing specifies that all units are fully renovated and turnkey. Interior images confirm a high-end, modern renovation within the last 5 years, featuring new hardwood flooring, recessed lighting, and updated fixtures throughout.
This turnkey investment offers a proven 8%+ cap rate with correct short-term rental zoning, featuring six fully renovated units including a high-capacity penthouse.
As a historic landmark frequented by legends like Elvis and Johnny Cash, the property offers a unique 'authentic Nashville' brand and a signature guitar-shaped pool.
Situated in the heart of Music Row, the property boasts exceptional walkability to Broadway, The Gulch, and Edgehill, making it highly attractive to tourists.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5450, other record living area = 750. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 12, other record bedroom count = 1.
Built in 1974, the building may present higher long-term maintenance requirements or infrastructure limitations compared to modern luxury developments.
Managing a portfolio of six active short-term rental units requires significant logistical oversight and professional management to maintain the high occupancy and guest standards.
**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.
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 |
|---|---|---|
| Beds | 12.0 | 0.0 |
| Baths | 7.0 | 0.0 |
| Square foot | 5,450 | - |
| Lot Size | 871 | - |
| Price | $2.98M | $403.0K |
| Price per sq ft | $547 | $378 |
| Built year | 1974 | 0 |
| HOA | $805 | $0 |
| Days on market | 54 | 193 |
May 29, 2026
$2,980,000
Initial Listing