
Nashville, TN 37203
This High-Potential Investment Opportunity is listed at a List Price of $950,000, positioned above the $810,696 Fair Market Value. As a 2026 new construction project, this property features an Excellent Condition Rating and offers a panoramic Nashville city skyline view. With its specific Short-Term Rental Eligibility in a high-demand downtown corridor, the asset is designed for high-yield performance. Despite the $825 monthly association fee, the property remains a strategic acquisition for Buy-and-Hold Investors and Short-Term Rental Operators seeking a premium, turnkey asset in Music City.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 316 Subject | $950,000* List Price | 3 | 2 | 1,069 | $758 | - |
A 635 7th Ave S 208 Sold | $775,000 List Price | 1 | 1 | 1,216 | 0.1 mi | |
B 1212 Laurel St 605 Sold | $775,000 | 2 | 2 | 1,207 | $642 | 0.5 mi |
C 635 7th Ave S 606 Active | $875,000 List Price | 1 | 3 | 1,079 | $811 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a new construction luxury development with a 2026 completion date. As a brand-new build, it features modern luxury finishes, new HVAC and electrical systems, and requires zero maintenance, meeting all criteria for excellent condition.
The property is specifically zoned for short-term rentals in a high-demand market, offering a rare and lucrative opportunity for investors to capitalize on Nashville's booming tourism industry.
Situated just steps from Broadway, Nissan Stadium, and Bridgestone Arena, the location ensures high occupancy rates by placing guests within walking distance of the city's premier entertainment and dining.
As a 2026 new build, the development features sleek architecture and resort-style amenities designed to attract high-end travelers and minimize near-term maintenance costs.
The monthly association fee of $825 is relatively high for a 1,069-square-foot unit, which may impact the net return on investment for potential owners.
With a completion date set for 2026, investors face a significant lead time before the property can generate rental income or be utilized, requiring patience for capital realization.
Discover Allegro, Nashville's premier investment in the Short-Term Rental Market! For investors ready to expand their short-term rental portfolio or make their very first purchase, Allegro offers an unparalleled opportunity. This luxury development represents the rare trifecta every investor seeks: a prime location, strong long-term growth potential, and flexible ownership options, all within Nashville’s most dynamic emerging neighborhood. In a prime downtown location situated just steps from Broadway, Allegro places guests at the center of Nashville’s energy. From world-renowned honky-tonks and live music venues to celebrated restaurants and rooftop bars, the very best of downtown is within walking distance. Proximity to Nissan Stadium, Bridgestone Arena, Music City Center, and countless cultural attractions makes this development a top choice for visitors seeking convenience and unforgettable experiences. Boasting modern luxury & elevated design Allegro combines sleek modern architecture with resort-style amenities designed to impress today’s discerning traveler. Every detail has been thoughtfully curated, from the striking exterior to the beautifully appointed interiors, ensuring a guest experience that rivals Nashville’s best hotels while offering the privacy and flexibility of a short-term rental. Nashville's thriving STR market consistently ranks among the nation’s top travel destinations, drawing millions of visitors year after year. This steady stream of demand translates to strong occupancy rates, premium nightly rates, and impressive ROI for investors. Allegro’s STR-eligible status makes it a rare and highly valuable asset for those looking to capitalize on Music City’s booming tourism industry. Opportunities to own a luxury condo with STR eligibility in downtown Nashville are few and far between. Allegro stands out not only for its prime location but also for its exceptional rental income potential. Don't miss out on limited pre-sale pricing!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,069 | - |
| Lot Size | - | - |
| Price | $950.0K | $403.0K |
| Price per sq ft | $889 | $378 |
| Built year | 2026 | 0 |
| HOA | $825 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$950,000
Initial Listing