
Nashville, TN 37203
This Luxury STR-Eligible Asset is listed at $1,360,000, aligning perfectly with its $1,360,000 Fair Market Value. As a 2026 new construction, the property holds a Mint Condition Rating, featuring a specialized 4-bedroom, 4-bathroom layout specifically engineered for high-occupancy rental yields. Residents and guests enjoy a panoramic downtown Nashville skyline view alongside premium amenities including a pool and spa. Positioned steps from Broadway and Nissan Stadium, this Prime Investment Opportunity is a high-yield acquisition ideal for Short-Term Rental Investors and Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 607 Subject | $1,360,000* List Price | 4 | 4 | 1,516 | $897 | - |
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 | $1,299,900 List Price | 2 | 2 | 1,395 | 0.5 mi | |
F 1212 Laurel St 1704 Sold | $1,350,000 List Price | 2 | 2 | 1,395 | 0.5 mi | |
G 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.
New construction with a 2026 completion date. Features modern luxury design, brand-new systems, and high-end finishes. Mint condition with no maintenance required.
The property is fully STR-eligible in a prime downtown zone, offering a rare and lucrative opportunity for high-yield investment in Nashville's booming tourism market.
Located steps from Broadway, Nissan Stadium, and Bridgestone Arena, the property ensures maximum guest appeal and high occupancy due to its proximity to Nashville's top attractions.
The 4-bedroom, 4-bathroom configuration is specifically designed to accommodate large groups, allowing for premium nightly rates and superior revenue potential compared to smaller units.
A monthly association fee of $1,137 represents a significant recurring expense that could compress profit margins for investors focused on net cash flow.
As a pre-construction project with a 2026 completion date, there is a substantial waiting period before the property can generate income, exposing the buyer to market and construction risks.
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 | 96% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 1,516 | 1,130 | 79% |
| Lot Size | - | 1,307 | 21% |
| Price | $1.36M | $419.9K | 90% |
| Price per sq ft | $897 | $433 | 90% |
| Built year | 2026 | 2014 | 98% |
| HOA | $1137 | $520 | 90% |
| Days on market | 382 | 504 | 50% |
May 28, 2025
$1,360,000
Initial Listing