nashville short term rentals on sale

Jun 17

Nashville STRs Are on Sale — but not for long

Where to go for the best deals on short term rental properties in Nashville, TN

originally published on greaternashvillerealtors.org on October 11, 2024

There’s no denying it — the short term rental (STR) market in Nashville is taking a hit right now. Tourism is down roughly 30% compared to previous years, and the uncertainty in the broader market has created the perfect storm for STR owners, especially those who were just barely breaking even.

Many of these owners are now highly motivated sellers, creating a rare opportunity for investors who understand the long game.

Real talk: It's a tough year to sell a short term rental.

But long-term? Nashville’s growth trajectory still looks solid. The fundamentals are strong.

I’m watching savvy investors step in and scoop up STR deals at prices we haven’t seen in a while. For example:

232 & 234 Oceola: Originally listed at $850,000 — now just $699,999. Fully furnished. 4 bed / 4 bath, turnkey.

1233 Lischey Ave (3 units): Once listed at $1.1M each — now just $850,000 each. In the heart of East Nashville, 3 bed / 3 bath, fully furnished, turnkey.

Meanwhile, some investors are waiting on the sidelines, hoping the return of 100% bonus depreciation will swing the doors back open. The Fiscal Year 2025 budget resolution passed the House 8 days ago and is now headed to the Ways and Means and Senate Finance Committees. If STRs remain a qualifying property type, this could be a massive tax advantage for high net worth investors once again.

Bottom line: If you’re in a position to buy, this is one of those rare windows of opportunity. The dip in the market won’t last forever — and those who move now will likely be the ones laughing all the way to the bank in a few years.

Want to talk through where the smart money’s going next in Nashville? Shoot me a message.