Description of 623 Middleton Street #507, Nashville, TN 37203
Listing updated: 10/24/2025
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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!
| LAST UPDATED | 10/24/2025 | TRACT | Allegro |
|---|---|---|---|
| YEAR BUILT | 2026 | GARAGE SPACES | 1.0 |
| COUNTY | Davidson | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Jones Paideia Magnet |
|---|---|
| Jr. High School | John Early Paideia Magnet |
| High School | Pearl Cohn Magnet High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Freezer, Microwave, OVEN, Range, Refrigerator, Stainless Steel Appliance(s) |
| BASEMENT | None |
| CONSTRUCTION | Frame |
| GARAGE | Yes |
| HEAT | Central |
| HOA DUES | 1135 |
| LOT | 0 |
| PARKING | Unassigned |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Private |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Allegro |
| UTILITIES | Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties marked with the MTRMLS approved logo are provided courtesy of the RealTracs Internet Data Exchange Program
Copyright 2026 MTRMLS, Inc.
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this condo
623 Middleton Street #507, Nashville, TN 37203 is a 4-bedroom, 4-bath condo in Nashville, TN 37203, offered at $1,350,000, about $891/sq ft across 1,516 sq ft.
At $891/sq ft, this condo is priced in line with the Allegro list-price median of $891/sq ft.
Recently sold in Nashville 37203: 12 comparable homes from $825,000 to $1,487,500, a median of $820/sq ft — this listing at $891/sq ft is about 9% above recent sold prices.
All-in, about $8,598/mo at 25% down (6.5% 30-yr).
How is it priced in Nashville?
| Active listings | 22 |
|---|---|
| Median list price | $1,160,000 |
| Median $/sqft (list) | $891 |
As of 2026-06-22 (22 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
Financing 623 Middleton Street #507, Nashville
The estimated monthly payment for 623 Middleton Street #507, Nashville is about $8,598 — a jumbo 30-year mortgage at 6.5% with 25% down, including property tax, insurance, and HOA. Estimate only; not a loan offer or appraisal.
- Principal & interest: $6,400
- Property tax (est.): $782
- Insurance (est.): $281
- HOA: $1,135
- Income to qualify: $368,502
- Cash to close: $378,000
- Equity at yr 5: $402,189
30- vs 15-year fixed, monthly. Source: Freddie Mac & Optimal Blue via FRED, updated 2026-06-17.
Tax is estimated at the 25% residential ratio on list price; the actual annual tax is used whenever the listing or county reports it. Insurance/PMI are estimates; rate is editable. Estimate only — not a loan offer.
Frequently asked questions
How much does this 4-bedroom condo at Allegro cost?
This 4-bedroom condo at Allegro is listed at $1,350,000, about $891 per square foot across 1,516 square feet (as of 10/24/2025).
What is the price per square foot at Allegro?
This 4-bedroom condo at Allegro is priced at $891 per square foot, 1,516 square feet at $1,350,000 (as of 10/24/2025).
What are the HOA dues at Allegro?
HOA dues for this 4-bedroom condo at Allegro are $1,135 per month, as listed (as of 10/24/2025).
Does this 4-bedroom condo at Allegro have a garage?
Yes. This 4-bedroom condo at Allegro has a garage, per the listing.
Does this 4-bedroom condo at Allegro have a basement?
No. This 4-bedroom condo at Allegro has no basement, per the listing.
When was Allegro built?
Allegro was built in 2026.
What is the estimated monthly payment for this 4-bedroom condo at Allegro?
About $8,598 per month at 6.5% on a 30-year loan with 25% down, including the actual property tax and an insurance estimate. Estimate only, not a loan offer.
What schools serve this 4-bedroom condo at Allegro?
This 4-bedroom condo at Allegro is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet High School, per the listing. Verify current enrollment and zoning with the district.
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