
Nashville, TN 37203
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,160,000—positioned above the $1,098,212 Fair Market Value. As a New Construction asset with a Condition Rating of 2, this development offers a turnkey, high-yield Short-Term Rental model in the heart of Nashville. While the high association fee and compact layout require careful cash-flow modeling, the prime location near Broadway and resort-style amenities ensure strong occupancy. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate entry into the Nashville tourism market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 317 Subject 4 bd · 2 ba · 1,312 sqft · $837 | $1,160,000* List Price | 4 | 2 | 1,312 | $837 | - |
A 1212 Demonbreun St 1402 Sold 2 bd · 2 ba · 1,146 sqft · $737 · 0.6 mi | $845,000 | 2 | 2 | 1,146 | $737 | 0.6 mi |
B 1616 West End Ave 3106 Sold 2 bd · 2 ba · 1,315 sqft · $992 · 1.0 mi | $1,305,000 | 2 | 2 | 1,315 | $992 | 1.0 mi |
C 1616 West End Ave 3004 Sold 2 bd · 3 ba · 1,412 sqft · $829 · 1.0 mi | $1,170,000 | 2 | 3 | 1,412 | $829 | 1.0 mi |
D 1212 Laurel St 1815 Sold 2 bd · 2 ba · 1,222 sqft · $716 · 0.6 mi | $875,000 | 2 | 2 | 1,222 | $716 | 0.6 mi |
E 600 12th Ave S 2000 Sold 2 bd · 2 ba · 1,250 sqft · $680 · 0.4 mi | $850,000 | 2 | 2 | 1,250 | $680 | 0.4 mi |
F 635 7th Ave S 514 Active 2 bd · 2 ba · 1,248 sqft · $761 · 0.1 mi | $949,500 List Price | 2 | 2 | 1,248 | $761 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
New construction luxury development with a 2026 completion date. As a brand-new build, all systems (HVAC/Electric), kitchen, and baths are in mint condition with no maintenance required, meeting the criteria for a property less than 10 years old.
The property is fully eligible for short-term rentals in Nashville's booming tourism market, offering a rare and lucrative opportunity for high-yield investment.
Located steps from Broadway, Nissan Stadium, and Bridgestone Arena, the property sits in a high-demand area that ensures consistent occupancy and premium nightly rates.
Scheduled for completion in 2026, this development offers modern architecture and resort-style amenities designed to compete with top-tier hotels.
The monthly association fee of $984 is significant and will weigh heavily on the net operating income and overall cash flow for investors.
Fitting four bedrooms into 1,312 square feet results in a high-density layout that may feel cramped for guests, potentially affecting guest comfort and review scores.
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 | 4.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,312 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $1.16M | $347.6K |
| Price per sq ft | $884 | $343 |
| Built year | 2026 | 2007 |
| HOA | $984 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$1,160,000
Initial Listing