3203 Long Blvd
Multi-Family $ 6,500,000

3203 Long Blvd

Nashville, TN 37203

  • 14,568 SqFt
  • 2007 Year Built
$500,000 in Earnings |10-Unit Turnkey Long Term or Short-Term Rental | DOWNTOWN NASHVILLE! A rare opportunity to own a fully operational, income-producing short-term rental portfolio in one of Nashville's most desirable downtown-adjacent corridors walkable to the city's top attractions and zoned NOOSTR-permissible for continued STR use through purchase and transfer of the property LLC. This boutique 10-unit development generated $500,000 in rental revenue in 2025, with each of the ten individually designed, three-story townhome-style units offering 2 bedrooms and 2.5 baths, sold fully furnished and ready to generate income from day one. Gated garage parking with secured access and private stairwells to each unit add a level of security and privacy that short-term guests and future buyers pay a premium for. The upside doesn't stop at cash flow. Properties of this type may qualify for significant bonus depreciation, potentially generating substantial first-year tax savings that could help offset a buyer's down payment (buyers should consult their tax advisor to evaluate eligibility and estimate potential benefit based on their specific situation). And for investors thinking beyond STR: these units are well suited to redesign and repositioning as individually sold or leased luxury condos, giving this asset a second exit strategy as the neighborhood continues to appreciate. Approximately 14,568 total square feet. Two parking spaces per unit. A rare blend of immediate income, tax efficiency, and long-term optionality in a west-side Nashville location that continues to command premium demand. The upside doesn't stop at cash flow. Thanks to bonus depreciation available on this asset class, a buyer may qualify for an estimated $1.4M–$1.6M in first-year tax savings, effectively offsetting the down payment (consult your tax advisor to confirm eligibility and benefit based on your specific position).
Listed by Steve Frye of simpliHOM

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 14, 568 sqft

    Price per Sqft $446

    Subdivision Phillips Place

    MLS Listing ID 3302436

    HOA Y/N No

    Year Built 2007

    Annual Tax Amount $65,440

  • Location

    State TN

    County Davidson County

    Zoning RM20

  • Building

    Story 3

    Sewer Public Sewer

    Water Public

    Structure Type Brick

    New Construction false

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Laminate

    Fireplace N

  • Exterior

    Garage Spaces 20.0

    Utilities Available Water Available

    View Y/N false

    Private Pool false

  • Schools

    Elementary Schools Eakin Elementary

    Middle Schools West End Middle School

    High Schools Hillsboro Comp High School

  • Others

    Senior Community false

    Special Listing Condition Standard

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