
Nashville, TN 37203
This Luxury NOO STR-Eligible Asset is listed at $1,350,000, representing a strategic entry into Nashville’s rental market at a price reflecting its $1,297,105 Fair Market Value. As a 2026 new development with a Condition Rating of 2, the property offers a high-capacity 4-bedroom layout and a private deck designed for the modern traveler. Comparable sales of recent 2023 developments in the area support this valuation, confirming strong investor appetite for modern units near Broadway and Nissan Stadium. This is a sophisticated acquisition for Buy-and-Hold Investors or Short-Term Rental Operators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 507 Subject | $1,350,000* List Price | 4 | 4 | 1,516 | $891 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.1 mi |
B 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.1 mi |
C 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,565 | $990 | 0.5 mi |
D 1212 Laurel St 2202 Sold | $1,550,000 | 2 | 3 | 1,564 | $991 | 0.5 mi |
E 1212 Laurel St 1704 Sold | $1,275,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
F 1212 Laurel St 1704 Sold | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
G 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
H 635 7th Ave S 309 Active | $1,395,000 List Price | 4 | 3 | 1,774 | $786 | 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 construction project with a 2026 completion date. As a new development, all components including the kitchen, bathrooms, appliances, and mechanical systems will be new, meeting the highest modern quality standards with no deferred maintenance.
This property is fully STR-eligible in a prime downtown zone, providing a rare and highly valuable asset for investors looking to capitalize on Nashville's high-demand tourism market.
Situated within walking distance of Broadway, Nissan Stadium, and Bridgestone Arena, the property is perfectly positioned to attract a steady stream of visitors seeking the Nashville experience.
Built in 2026, this development offers modern architecture and resort-style amenities that rival luxury hotels, ensuring a premium guest experience and long-term value appreciation.
The monthly association fee of $1,135 is significant and may impact the overall net ROI, requiring aggressive rental management to offset these fixed expenses.
As a pre-construction project with a 2026 delivery date, there is an inherent wait period and risk regarding market conditions and potential construction delays before the unit becomes income-producing.
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 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 1,516 | - |
| Lot Size | - | - |
| Price | $1.35M | $403.0K |
| Price per sq ft | $891 | $378 |
| Built year | 2026 | 0 |
| HOA | $1135 | $0 |
| Days on market | 408 | 193 |
May 28, 2025
$1,350,000
Initial Listing