**STR with a Cap rate of 8%+** Welcome to Spence Manor! A true icon of country music history with an enviable location in the heart of Music Row (and the correct zoning eligibility). This listing is for a portfolio of SIX UNITS (including a penthouse that sleeps 12), blends a prime location, rich storytelling, notable guest experience, and proven profitability within one of the area's most desirable corridors. Here, you and yours guests never sacrifice location and all units are fully renovated. Originally a hotel where Elvis, Johnny Cash, Dolly, and more stayed, the guitar-shaped pool sets the scene while live music from Demonbreun drifts up and down the sidewalks. This is an authentic Nashville experience that other buildings simply cannot touch. Walkable to Broadway, The Gulch, and Edgehill, and with parking on-site, this portfolio presents a turnkey opportunity for investors on Day 1 with a long-standing and proven track record of guest reviews and income. This premier location offers all of the touchpoints that guests are searching for, making these units a standout in a competitive short-term rental market. Option to connect two additional units together to create an additional 4 bed, 2 bath stay would further maximize profit. HOA includes: Water, Electricity, Exterior Maintenance, Grounds Maintenance, and Trash Pickup. Financials available. This is an active and very busy short-term rental! Showings will be scheduled around booking calendar.
36 days
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392
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16
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Zillow last checked:
Listing updated:
Listed by:
Sarah Butler615-364-9634,
Compass RE615-475-5616
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3278140
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 7
Full bathrooms: 7
Main level bedrooms: 12
Heating
Central
Cooling
Central Air
Appliances
Included: Electric Oven, Electric Range, Refrigerator
Features
Flooring: Wood, Laminate, Tile
Basement: None
Interior area
Total structure area: 5,450
Total interior livable area: 5,450 sqft
Finished area above ground: 5,450
Property
Parking
Total spaces: 6
Parking features: Unassigned
Garage spaces: 6
Features
Levels: One
Stories: 6
Lot
Size: 871 Square Feet
Details
Parcel number: 093130A60600CO
Special conditions: Standard
Construction
Type & style
Home type: Condo
Property subtype: High Rise, Residential, Condominium
Attached to another structure: Yes
Materials
ICFs (Insulated Concrete Forms)
Condition
New construction: No
Year built: 1974
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Water Available
Community & HOA
Community
Subdivision: Spence Manor
HOA
Has HOA: Yes
Services included: Electricity, Maintenance Structure, Maintenance Grounds, Recreation Facilities, Pest Control, Trash, Water
HOA fee: $805 monthly
Location
Region: Nashville
Financial & listing details
Price per square foot: $547/sqft
Tax assessed value: $271,400
Annual tax amount: $3,080
Date on market: 7/13/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/13/2026
Listed for sale
$2,980,000$547/sqft
Source: RealTracs MLS as distributed by MLS GRID #3278140Report a problem
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.