623 Middleton Street 517, Nashville, TN 37203
623 Middleton Street 517, Nashville, TN 37203, Active at $1,180,000 ($895/sq ft). 4 bd · 2 ba · 1,318 sqft · $895/sqft.
623 Middleton Street 517, Nashville, TN 37203, Active at $1,180,000 ($895/sq ft). 4 bd · 2 ba · 1,318 sqft · $895/sqft.
Active · $1,180,000
MLS #3248365 · listed June 28, 2026 · 27 days on market · updated June 24, 2026
4-bed, 2-bath residence at 623 Middleton Street 517 in Allegro, Nashville, 1,318 sqft, $1,180,000 ($895/sqft), by Alpha Residential.
623 Middleton Street 517 is a 4-bedroom, 2-bath Airbnb in Nashville, TN 37203, offered at $1,180,000, about $895/sq ft across 1,318 sq ft.
All-in, about $8,280/mo at 20% down (6.68% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this Airbnb (property tax, insurance, and HOA) run about $2,201/mo, roughly 27% of the all-in monthly payment.
At the current 6.68% 30-year rate, principal and interest on this Airbnb runs about $6,079/mo; at the 6.277% rate of about three months ago it would be roughly $5,829/mo, so monthly P&I is about $250 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 517 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of June 24, 2026. 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.
Complete reported fields for 623 Middleton Street 517 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $1,180,000 | — |
Investor carrying cost for 623 Middleton Street 517 at $1,180,000: 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 | $1,180,000 |
|---|---|
| HOA dues | $984 / 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 517 is about $8,280/mo, 20% down on a 30-year fixed at 6.68% (a jumbo loan), including principal & interest $6,079, estimated property tax $692, STR-grade insurance $525, and HOA dues $984. Estimate only; not a loan offer.
| Principal & interest | $6,079/mo |
|---|---|
| Property tax (est.) | $692/mo |
| STR-grade insurance (est.) | $525/mo |
| HOA dues | $984/mo |
| Estimated total | $8,280/mo |
Assumes 20% down, 30-year fixed at 6.68% (Freddie Mac PMMS, as of 2026-07-23). 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 |
|---|---|---|---|
| 5.68% | $5,467/mo | $7,668/mo | -$612/mo |
| 6.18% | $5,769/mo | $7,970/mo | -$310/mo |
| 6.68% | $6,079/mo | $8,280/mo | current |
| 7.18% | $6,395/mo | $8,596/mo | +$316/mo |
| 7.68% | $6,717/mo | $8,918/mo | +$638/mo |
Principal & interest on a 30-year fixed at 20% down ($944,000 loan), with property tax, insurance, and HOA held constant at $2,201/mo. Current 30-year fixed 6.68% (Freddie Mac PMMS, as of 2026-07-23). Estimate only; not a loan offer.
Illustrative gross short-term-rental revenue for 623 Middleton Street 517 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 $6,079/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 | $895 | $891 median | - |
| Price position | 71st pctile | 0% vs median | - |
| Allegro vs Nashville 37203 area | - | +45% | - |
This listing beside the active Allegro market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-07-24.
Among the 28 active Airbnbs in Allegro, this Airbnb at $895/sq ft falls in the 71st percentile on price per square foot.
Allegro trades about 45% 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 28 Allegro comparables (RealTracs via IDX), as of 2026-07-24, refreshed weekly.
| Active listings | 417 in Nashville 37203 condos |
|---|---|
| Recent absorption | about 22.7 sales / mo |
| Months of inventory | 18.4 months, a buyer-favored market (ample supply) |
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 2026-07-22.
623 Middleton Street 517 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 18.4 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-07-24.
Get the full details, recent comparable sales, and any off-market options for 623 Middleton Street 517 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
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Listed with 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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As of the latest update (June 24, 2026), 623 Middleton Street 517, Nashville is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
623 Middleton Street 517, Nashville is listed at $1,180,000, about $895 per square foot across 1,318 square feet.
4 bedrooms and 2 bathrooms.
About $895 per square foot ($1,180,000 across 1,318 sqft).
623 Middleton Street 517, Nashville was built in 2026.
Yes, 1 garage spaces, per the listing.
HOA dues are $984 per month, as listed.
623 Middleton Street 517, Nashville is in the Allegro subdivision of Nashville.
About $8,280 a month with 20% down on a 30-year fixed at 6.68%, principal and interest $6,079, estimated property tax $692, insurance $525, and HOA $984. 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 517, 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. Use the tour or question form on this page.
At about $895 per square foot, 623 Middleton Street 517, Nashville ranks in the 71st percentile of active Allegro listings by price 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 18.4 months of inventory, per RealTracs as of 2026-07-22.
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