11 Music Sq, E

Active

Nashville, TN 37203

12
Bedrooms
7
Bathrooms
5,450.00
Sq Ft
0.0200
Acres
Updated 13 minutes ago MLS #: 3278140 Listed 3 days ago

$2,980,000.00

Est. Monthly: $14,382.82
$547
Per Sq Ft

About This Property

**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.

Location

Subdivision Spence Manor
Directions I-40 East to Demonbreun, Music Circle East to Music Square East

Interior Features

Heating Central
Cooling Central Air
Flooring Wood,Laminate,Tile
Appliances Electric Oven,Electric Range,Refrigerator
Basement None

Exterior & Property

6 Car Garage
Stories 6
Construction Materials ICFs (Insulated Concrete Forms)
Sewer/Septic Public Sewer
Water Source Public

Schools

K-5
Elementary School
Eakin Elementary
6-8
Middle School
West End Middle School
9-12
High School
Hillsboro Comp High School

Property Details

Property Type Residential
Property Sub Type High Rise
Year Built 1974
Annual Taxes $3,080.00
Listing Office Compass RE
Listing Agent Sarah Butler
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MLS Information

Based on information submitted to the MLS GRID as of 2026-07-16T23:30:55+00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID.

Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.