
Nashville, TN 37203
This Luxury STR-Eligible Investment Condo is listed at $1,210,000, representing a strategic entry into Nashville’s premier short-term rental market. Positioned near its $1,168,455 Fair Market Value, the price reflects the premium of 2026 New Construction and rare non-owner occupied eligibility. Featuring an Excellent Condition Rating, the property offers Resort-Style Amenities and a Prime Downtown Location steps from Broadway and Nissan Stadium. This high-yield asset is designed to capitalize on Nashville's booming tourism and consistent occupancy rates. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 404 Subject | $1,210,000* List Price | 3 | 3 | 1,404 | $862 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.1 mi |
B 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.1 mi |
C 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
D 1212 Laurel St 1704 Sold | $1,275,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
E 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
F 1212 Laurel St Sold | $942,500 List Price | 2 | 2 | 1,395 | 0.5 mi | |
G 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,564 | $991 | 0.5 mi |
H 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,565 | $990 | 0.5 mi |
I 635 7th Ave S 609 Active | $1,550,000 List Price | 3 | 3 | 1,502 | $1,032 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a luxury new construction development with a 2026 completion date. As a brand-new build, it features modern architecture, high-end finishes, and all-new systems and appliances, meeting the highest quality standards with no deferred maintenance or physical depreciation.
The property’s rare STR-eligible status in Nashville’s booming tourism market provides a high-value opportunity for investors seeking premium nightly rates and strong ROI.
Situated steps from Broadway, Nissan Stadium, and Bridgestone Arena, the location ensures maximum occupancy by placing guests at the center of Nashville's entertainment hub.
As a 2026 new build, the property features sleek architecture and resort-style amenities designed to rival high-end hotels and attract discerning travelers.
The monthly association fee of $1,053 is a significant recurring overhead cost that could impact the net cash flow and overall profitability for owners.
With a 2026 completion date, investors face a substantial waiting period before the asset can generate revenue, along with typical risks associated with new development timelines.
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 | 3.0 | 0.0 |
| Square foot | 1,404 | - |
| Lot Size | - | - |
| Price | $1.21M | $403.0K |
| Price per sq ft | $862 | $378 |
| Built year | 2026 | 0 |
| HOA | $1053 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$1,210,000
Initial Listing