
Nashville, TN 37203
This Premier STR-Eligible Investment Asset is listed at $950,000, representing a strategic acquisition in Nashville’s lucrative hospitality sector. The price aligns with the $906,429 Fair Market Value, reflecting the premium of a 2026 new construction. Boasting an Excellent Condition Rating, the unit features a rare 3-bedroom layout, private deck, and STR-eligible status just steps from Broadway and Nissan Stadium. With resort-style amenities and high occupancy potential, this is an ideal vehicle for Short-Term Rental Investors or Income-Focused Buyers seeking a turnkey, high-yield Nashville foothold.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 416 Subject | $950,000* List Price | 3 | 2 | 1,066 | $759 | - |
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 brand-new luxury development with a 2026 completion date. As a new construction, all interior components including the kitchen, bathrooms, flooring, and mechanical systems are new, meeting the highest modern quality standards with zero deferred maintenance or physical depreciation.
The property is fully STR-eligible in a high-demand market, providing a rare and lucrative opportunity for investors to capitalize on Nashville's booming tourism industry.
Located steps from Broadway, Nissan Stadium, and Bridgestone Arena, the unit is perfectly positioned to attract a steady stream of visitors seeking proximity to Nashville's top attractions.
As a new 2026 development, the property offers sleek architecture and resort-style amenities, ensuring a premium guest experience and lower immediate maintenance costs.
The monthly association fee of $825 is relatively high for a 1,066 sqft unit, which may compress net profit margins for rental investors.
With a projected completion in 2026, there is a significant lead time before the property can generate revenue, exposing the investor to potential market shifts during the construction phase.
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 | 1,066 | - |
| Lot Size | - | - |
| Price | $950.0K | $403.0K |
| Price per sq ft | $891 | $378 |
| Built year | 2026 | 0 |
| HOA | $825 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$950,000
Initial Listing