
Nashville, TN 37203
This Luxury STR-Eligible Condominium represents a Prime Investment Opportunity in Nashville’s high-demand SoBro district. Listed at $1,375,000, the property is priced accurately at its $1,375,000 Fair Market Value, reflecting the stability of this premium asset class. Featuring a high-capacity 4-Bedroom/4-Bathroom Layout and a Panoramic Nashville Skyline View, the unit is optimized for maximum occupancy and premium nightly rates. With a Mint Condition Rating as a 2026 new build, it offers a maintenance-free acquisition for Short-Term Rental Investors and Portfolio Diversifiers seeking Nashville’s booming tourism ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 623 Middleton Street 707 Subject | $1,375,000* List Price | 4 | 4 | 1,516 | $907 | - |
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 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 new construction luxury development with a 2026 completion date. As a brand-new build, it features mint condition interiors, modern kitchen and baths, and state-of-the-art systems with no maintenance required.
This property is specifically designed for the STR market, offering a rare and highly valuable legal status in Nashville that allows investors to maximize ROI through high-turnover vacation rentals.
Situated in the heart of downtown Nashville near Broadway and major sports arenas, the location guarantees high demand and premium nightly rates from tourists and event-goers.
The 4-bedroom, 4-bathroom configuration is an ideal setup for large groups, providing a competitive edge in the rental market by accommodating more guests than standard downtown condos.
The monthly association fee of $1,137 is significant and will notably impact the net monthly cash flow and overall cap rate for investors.
With a 2026 completion date and nearly a year already on the market, investors face a long capital tie-up period and potential construction delays before the property can generate income.
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 | $1.38M | $419.9K | 90% |
| Price per sq ft | $907 | $433 | 90% |
| Built year | 2026 | 2014 | 98% |
| HOA | $1137 | $520 | 90% |
| Days on market | 382 | 504 | 50% |
May 28, 2025
$1,375,000
Initial Listing