
Nashville, TN 37203
$500,000 in Earnings |10-Unit Turnkey Long Term or Short-Term Rental | DOWNTOWN NASHVILLE! A rare opportunity to own a fully operational, income-producing short-term rental portfolio in one of Nashville's most desirable downtown-adjacent corridors walkable to the city's top attractions and zoned NOOSTR-permissible for continued STR use through purchase and transfer of the property LLC. This boutique 10-unit development generated $500,000 in rental revenue in 2025, with each of the ten individually designed, three-story townhome-style units offering 2 bedrooms and 2.5 baths, sold fully furnished and ready to generate income from day one. Gated garage parking with secured access and private stairwells to each unit add a level of security and privacy that short-term guests and future buyers pay a premium for. The upside doesn't stop at cash flow. Properties of this type may qualify for significant bonus depreciation, potentially generating substantial first-year tax savings that could help offset a buyer's down payment (buyers should consult their tax advisor to evaluate eligibility and estimate potential benefit based on their specific situation). And for investors thinking beyond STR: these units are well suited to redesign and repositioning as individually sold or leased luxury condos, giving this asset a second exit strategy as the neighborhood continues to appreciate. Approximately 14,568 total square feet. Two parking spaces per unit. A rare blend of immediate income, tax efficiency, and long-term optionality in a west-side Nashville location that continues to command premium demand. The upside doesn't stop at cash flow. Thanks to bonus depreciation available on this asset class, a buyer may qualify for an estimated $1.4M–$1.6M in first-year tax savings, effectively offsetting the down payment (consult your tax advisor to confirm eligibility and benefit based on your specific position).
Property is move-in ready.
Built in 2007, this property is approximately 19 years old, placing it perfectly in the Good category. The images and description show a well-maintained, turnkey 10-unit portfolio with functional, modern kitchens featuring stainless steel appliances, clean contemporary interiors, and well-kept mechanical and structural elements like the gated parking garage.
The portfolio generated $500,000 in 2025 revenue and is sold fully furnished, offering immediate cash flow and a turnkey transition for investors.
Zoned for Non-Owner Occupied Short-Term Rentals (NOOSTR), this property offers a rare and highly sought-after legal status in a prime Nashville corridor.
The 10-unit development offers long-term flexibility, allowing for continued STR use or a future exit strategy through individual luxury condo sales.
With 87 days on the market, the property may face liquidity challenges or require a very specific institutional-grade buyer at the $6.5M price point.
The assigned middle and high schools carry lower ratings (4/10), which could potentially limit the appeal to owner-occupant families if the units are repositioned as individual condos.
No exterior & parking available.
Grades K-4 • 0.9 mi
Grades 5-8 • 0.9 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 14,568 | 1,967.444 |
| Lot Size | - | - |
| Price | $6.50M | $455.6K |
| Price per sq ft | $446 | $238 |
| Built year | 2007 | 1964 |
| HOA | $0 | $0 |
| Days on market | 115 | 82 |
Jul 1, 2026
$6,500,000
Initial Listing