
Nashville, TN 37203
This High-Potential Investment Opportunity is listed at a List Price of $1,210,000, positioned slightly above the $1,178,634 Fair Market Value. As a 2026 new construction, this property features a Mint Condition Rating and offers STR-eligible status in a prime downtown location. With city skyline views and a private deck, the unit is designed for high-occupancy rental performance. While the $1,053 monthly association fee warrants careful underwriting, the asset provides a turnkey solution for Buy-and-Hold Investors and Short-Term Rental Operators seeking immediate market entry.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 404 Subject 3 bd · 3 ba · 1,404 sqft · $839 | $1,210,000* List Price | 3 | 3 | 1,404 | $839 | - |
A 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 |
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 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 |
D 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 |
E 635 7th Ave S 609 Active 3 bd · 3 ba · 1,502 sqft · $1,032 · 0.1 mi | $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 new construction luxury development with a 2026 completion date. As a brand-new build, it features mint condition interiors, modern high-end kitchen and baths, and state-of-the-art systems requiring no maintenance.
The property is fully eligible for short-term rentals, a rare and highly sought-after status in Nashville that maximizes ROI potential for investors.
Situated just steps from Broadway and major attractions like Nissan Stadium, the location ensures high occupancy rates and convenience for guests.
As a 2026 build, the unit features sleek architecture and resort-style amenities, offering a turnkey luxury experience that rivals top-tier hotels.
The monthly association fee of $1,053 is significant and will impact the net operating income for potential investors.
With a 2026 completion date, buyers face a waiting period before the asset can generate income, exposing them to potential market fluctuations during construction.
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 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,404 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $1.21M | $347.6K |
| Price per sq ft | $862 | $343 |
| Built year | 2026 | 2007 |
| HOA | $1053 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$1,210,000
Initial Listing