623 Middleton Street 609, Nashville, TN 37203
623 Middleton Street 609, Nashville, TN 37203, Pending at $1,360,000 ($897/sq ft). 4 bd · 4 ba · 1,516 sqft · $897/sqft.
623 Middleton Street 609, Nashville, TN 37203, Pending at $1,360,000 ($897/sq ft). 4 bd · 4 ba · 1,516 sqft · $897/sqft.
Pending · $1,360,000
MLS #3041969 · listed May 28, 2025 · 162 days on market · updated November 7, 2025
4-bed, 4-bath residence at 623 Middleton Street 609 in Allegro, Nashville, 1,516 sqft, $1,360,000 ($897/sqft), by Alpha Residential.
Status: this Airbnb is currently under contract, per Realtracs as of November 7, 2025.
623 Middleton Street 609 is a 4-bedroom, 4-bath Airbnb in Nashville, TN 37203, offered at $1,360,000, about $897/sq ft across 1,516 sq ft.
All-in, about $10,234/mo at 20% down (7.67% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this Airbnb (property tax, insurance, and HOA) run about $2,499/mo, roughly 24% of the all-in monthly payment.
At the current 7.37% 30-year rate, principal and interest on this Airbnb runs about $7,511/mo; at the 6.63% rate of about three months ago it would be roughly $6,970/mo, so monthly P&I is about $541 higher now.
Short-term rental: this building permits STR, subject to a Metro Nashville permit.
Next step: ask Grant Hammond anything about 623 Middleton Street 609 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of November 7, 2025. Realtracs via IDX.
Short-term-rental property: see permit type and the revenue outlook below. STR eligibility is confirmed parcel by parcel, subject to a Metro Nashville permit.
More context: the Nashville short-term-rental zoning and permits guide.
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!
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 623 Middleton Street 609 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Under contract | |||
| Listed | $1,360,000 |
Listed May 28, 2025, this listing was on the market 162 days before it went under contract. It has been under contract since November 6, 2025.
Investor carrying cost for 623 Middleton Street 609 at $1,360,000: debt service, property tax, STR-grade insurance, HOA, plus management and occupancy tax, netted against the revenue outlook above for a cap-rate view.
| List price | $1,360,000 |
|---|---|
| HOA dues | $1,135 / mo |
| Operating load | Management, cleaning, occupancy tax, and STR-grade insurance reduce net yield, see the conservative revenue outlook above. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 623 Middleton Street 609 is about $10,234/mo, 20% down on a 30-year fixed at 7.67% (a jumbo loan), including principal & interest $7,735, estimated property tax $797, STR-grade insurance $567, and HOA dues $1,135. Estimate only; not a loan offer.
| Principal & interest | $7,735/mo |
|---|---|
| Property tax (est.) | $797/mo |
| STR-grade insurance (est.) | $567/mo |
| HOA dues | $1,135/mo |
| Estimated total | $10,234/mo |
Assumes 20% down, 30-year fixed at 7.67% (Mortgage News Daily, as of October 16, 2026). Property tax uses the Davidson County Urban Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.67% | $6,999/mo | $9,498/mo | -$736/mo |
| 7.17% | $7,363/mo | $9,862/mo | -$372/mo |
| 7.67% | $7,735/mo | $10,234/mo | current |
| 8.17% | $8,113/mo | $10,612/mo | +$378/mo |
| 8.67% | $8,497/mo | $10,996/mo | +$762/mo |
Principal & interest on a 30-year fixed at 20% down ($1,088,000 loan), with property tax, insurance, and HOA held constant at $2,499/mo. Current 30-year fixed 7.67% (Mortgage News Daily, as of October 16, 2026). Estimate only; not a loan offer.
Illustrative gross short-term-rental revenue for 623 Middleton Street 609 at two example assumptions (illustrative inputs, not a market forecast for this property):
| Scenario | Nightly rate | Occupancy | Gross / yr |
|---|---|---|---|
| Conservative | $175/night | 50% | $31,900 |
| Stronger | $275/night | 68% | $68,300 |
Gross is nightly rate × 365 × occupancy. Net is materially lower after operating costs (management, cleaning, Metro occupancy tax, STR-grade insurance; commonly 30–40% of gross) and debt service of about $7,735/mo in principal and interest at 20% down. Turn on JavaScript to model your own assumptions (cash flow, cash-on-cash, DSCR, cap rate).
Nightly rate and occupancy above are illustrative example inputs, not a market forecast for this property. A non-owner-occupied short-term-rental permit is issued parcel by parcel by Metro Nashville and does not convey on sale. Estimate only; not financial or investment advice.
| Metric | This Airbnb | Allegro active | Recently sold |
|---|---|---|---|
| Price / sq ft | $897 | $891 median | - |
| Price position | 68th pctile | +1% vs median | - |
| Allegro vs Nashville 37203 area | - | +47% | - |
This listing beside the active Allegro market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 23, 2026.
This listing beside the active Allegro market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 19, 2026.
At $897/sq ft, this Airbnb ranks in the 68th percentile of the 20 active Airbnbs in Allegro by price per square foot.
Allegro trades about 47% above Nashville 37203 area on a price-per-square-foot basis.
Taken together, this Airbnb reads toward the higher end per square foot for Allegro.
Computed by Grant Hammond from 20 Allegro comparables (Realtracs via IDX), as of October 23, 2026, refreshed weekly.
| Active listings | 356 in Nashville 37203 condos |
|---|---|
| Recent absorption | about 36.3 sales / mo |
| Months of inventory | 9.8 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37203 condos sold at about 97.3% of list price.
Recorded sales in Nashville 37203 condos: 328 in the past 12 months.
Supply-side and recent-sale context for Nashville 37203 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37203 condos closings. Source Realtracs via IDX, as of October 11, 2026.
623 Middleton Street 609 sits in Allegro, Nashville, Davidson County.
In Allegro, homes there are priced around $891 per square foot; inventory in Nashville 37203 condos is running at about 9.8 months, a buyer-favored market; recent sales in Nashville 37203 closed near 97.3% of list price; 50 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 19, 2026.
Approximately 0.8 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 623 Middleton Street 609 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 623 Middleton Street 609, by price and size.
Listed by Alexis McNellie, Alpha Residential. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
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A Nashville STR broker breaks down the Section 280A 14-day rule and the separate personal-use test, and how using your own rental can quietly limit your deductions.
A turnkey Airbnb investment in Nashville transfers as an operating business: professionally furnished, professionally managed, with verified income and forward bookings. Alora Nashville executes this model at the highest level, and 100% bonus depreciation under the One Big Beautiful Bill Act makes day-one placed-in-service status especially valuable for executive investors.
As of the latest update (November 7, 2025), 623 Middleton Street 609, Nashville is under contract and no longer being shown, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
623 Middleton Street 609 was listed on May 28, 2025 and went under contract on November 6, 2025, after 162 days on the market, per Realtracs.
No. The asking price has been $1,360,000 since it was listed on May 28, 2025.
623 Middleton Street 609, Nashville is listed at $1,360,000, about $897 per square foot across 1,516 square feet.
4 bedrooms and 4 bathrooms.
About $897 per square foot ($1,360,000 across 1,516 sqft).
623 Middleton Street 609, Nashville was built in 2026.
Yes, 1 garage spaces, per the listing.
HOA dues are $1,135 per month, as listed.
623 Middleton Street 609, Nashville is in the Allegro subdivision of Nashville.
About $10,234 a month with 20% down on a 30-year fixed at 7.67%, principal and interest $7,735, estimated property tax $797, insurance $567, and HOA $1,135. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
623 Middleton Street 609, Nashville is marketed as a short-term-rental investment property. Non-owner-occupied STR permits are issued parcel by parcel by Metro Nashville, not by neighborhood; confirm current permit status before closing.
No. A Metro Nashville STR permit is tied to the property and the permit holder and does not automatically convey; a buyer applies for their own.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales, 550+ Nashville short-term rental transactions and hundreds of millions in luxury closings. Use the tour or question form on this page.
At about $897 per square foot, 623 Middleton Street 609, Nashville ranks in the 68th percentile of active Allegro listings by price per square foot; recent comparable sales in Allegro closed near $538 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37203 condos market is currently buyer-favored (ample supply), at about 9.8 months of inventory; recent sales have closed near 97.3% of list price over the past year, per Realtracs as of October 11, 2026.
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