
Nashville, TN 37203
This Luxury STR-Eligible Investment Asset is listed at $1,160,000, representing a stable entry into Nashville’s premier tourism corridor relative to its $1,096,501 Fair Market Value. As a 2026 new construction with a Pristine Condition Rating, the property features City Skyline Views and a high-capacity 4-bedroom floor plan designed for the short-term rental market. Its rare non-owner occupied (NOO) eligibility near Broadway and Nissan Stadium positions it for maximum occupancy and premium nightly rates. This is a strategic acquisition for Short-Term Rental Investors or Buy-and-Hold Investors seeking a high-yield, turnkey downtown portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 317 Subject | $1,160,000* List Price | 4 | 2 | 1,312 | $836 | - |
A 635 7th Ave S 409 Sold | $1,355,000 | 4 | 3 | 1,774 | $764 | 0.1 mi |
B 635 7th Ave S 313 Sold | $995,000 | 2 | 2 | 1,261 | $789 | 0.1 mi |
C 635 7th Ave S 313 Sold | $995,000 | 2 | 2 | 1,261 | $789 | 0.1 mi |
D 1212 Laurel St 1704 Sold | $1,350,000 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 635 7th Ave S 409 Sold | $1,355,000 | 3 | 3 | 1,774 | $764 | 0.1 mi |
G 623 Middleton Street 604 Active | $1,225,000 List Price | 3 | 3 | 1,379 | $888 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a new construction luxury development with a scheduled completion date of 2026. As a brand-new build, it will feature the latest architectural designs, high-end finishes, and entirely new systems including HVAC, electrical, and appliances, meeting the highest current quality standards with zero deferred maintenance.
The property is fully STR-eligible in a high-demand market, offering a rare and lucrative opportunity for investors to capitalize on Nashville's booming tourism industry.
Situated steps from Broadway, Nissan Stadium, and Bridgestone Arena, the location ensures consistent guest demand and high occupancy rates due to its proximity to major attractions.
As a 2026 new construction, the development features sleek architecture and resort-style amenities designed to provide a premium guest experience that rivals luxury hotels.
The monthly association fee of $984 is significant and will weigh on the property's net operating income and overall cash flow for investors.
With a completion date in 2026, there is a substantial lead time before the property can generate rental income, exposing investors to market fluctuations during the build 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 97% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,312 | 1,108 | 67% |
| Lot Size | - | 871 | 24% |
| Price | $1.16M | $466.3K | 87% |
| Price per sq ft | $884 | $429 | 93% |
| Built year | 2026 | 2014 | 99% |
| HOA | $984 | $489 | 88% |
| Days on market | 330 | 302 | 54% |
May 28, 2025
$1,160,000
Initial Listing