
Nashville, TN 37203
This property represents a High-Potential Investment Opportunity, listed at a List Price of $1,225,000, which is priced at market stability compared to the $1,211,647 Fair Market Value. As a New Construction asset with a Condition Rating of 2, this unit offers a turnkey, high-end interior with panoramic skyline views. Its STR-eligible status and 3-bedroom, 3-bathroom layout are optimized for high-demand group travel near Broadway. This is a strategic acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking a premium, income-producing asset in Nashville’s core.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 604 Subject 3 bd · 3 ba · 1,379 sqft · $879 | $1,225,000* List Price | 3 | 3 | 1,379 | $879 | - |
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 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.
New construction with a 2026 completion date. As a brand-new luxury development, it features mint-condition interiors, modern systems, and high-end finishes requiring zero maintenance.
As a rare STR-eligible luxury development in downtown Nashville, this property offers a significant competitive advantage for investors looking to capitalize on the city's high-demand tourism market.
The property is situated steps from Broadway, Nissan Stadium, and Bridgestone Arena, providing guests with unparalleled walkability to Nashville's premier music, sports, and dining venues.
The 3-bedroom, 3-bathroom configuration is perfectly tailored for high-end group travel, maximizing occupancy potential and nightly rates compared to smaller units.
The association fee of $1,034 per month is substantial and will require aggressive rental pricing to maintain high net profit margins.
With a 2026 completion date and nearly 500 days on market, investors face a significant waiting period and capital commitment before the property 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 | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,379 | 1,009.514 |
| Lot Size | - | 871 |
| Price | $1.23M | $347.6K |
| Price per sq ft | $888 | $343 |
| Built year | 2026 | 2007 |
| HOA | $1034 | $334 |
| Days on market | 514 | 92 |
May 28, 2025
$1,225,000
Initial Listing