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3203 Long Blvd
Phillips Place · Nashville, TN
THE PROPERTY
A closer look.
$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).
THE DETAILS
Facts & features.
- Property type
- Multi-family
- Year built
- 2007
- Parking spaces
- 20
- HOA fee
- Not provided
- Annual taxes
- $65,440
- MLS number
- 3302436
- Listed on
- July 1, 2026
THE LOCATION
Find your bearings.
3203 Long Blvd · Nashville, TN
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THE TIMELINE
Price & listing activity.
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Listing information
Listed by Steve Frye
simpliHOM
Listing office / agent contact: 6155001175
MLS 3302436
Source record updated: October 5, 2026.
Some properties shown may not be eligible for short-term rental use. Inclusion on this website does not guarantee STR eligibility or permit approval. Before purchasing, independently verify zoning, permit requirements, HOA rules, deed restrictions and any other limitations on your intended use.