1020 Jefferson Street
Property Overview
Five Licensed Short-Term Rental Residences at Alora on Jefferson Street

Property Details
Location
Welcome to Historic Buena Vista
Historic Buena Vista sits just north of downtown along the Jefferson Street corridor, a stretch that was the center of Black business and music life in Nashville for most of the twentieth century. Jimi Hendrix, Etta James and Ray Charles all played the clubs here. Today the corridor is one of the fastest-changing parts of North Nashville, with new construction rising between century-old shotgun houses.
The location is what makes this stretch work for short-term rental. Downtown and Broadway are a little over a mile south, Nashville Farmers' Market and Germantown are a five-minute drive, and Ryman Auditorium is close enough to walk back from. Germantown's restaurant row, including Rolf and Daughters, draws guests who want to be near the action without paying downtown rates.
The neighborhood's own anchors matter too. Fisk University and Meharry Medical College bring steady academic and medical traffic year-round. Slim & Husky's on Buchanan Street and the galleries along the same block have made this one of the more talked-about corridors in the city.
For more on the surrounding neighborhoods, see our Nashville area guides.
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Frequently Asked Questions
1020 Jefferson Street, Nashville TN 37208
What exactly is being sold at 1020 Jefferson Street?
This is a portfolio sale of five fully operating short-term rental residences within the Alora development, offered together at $6,500,000 under MLS 3001755. It is not a single-family home; the MLS property type is Residential Income.
How many bedrooms and bathrooms does the portfolio include?
Across the five residences the portfolio totals 16 bedrooms and 20 bathrooms, with 11,410 square feet of combined living space over three stories. Collectively the units sleep up to 60 guests.
Are the properties licensed for short-term rental?
Yes. These are licensed non-owner-occupied short-term rental properties, the designation investors need in order to operate without living on site. Buyers should confirm current permit status and Metro Nashville requirements during due diligence.
Are the residences sold furnished?
Each residence is fully furnished and prepared for immediate operation, so the portfolio can continue generating revenue from closing without a setup period.
When was Alora built?
Construction was completed in 2024. Phase 2 of Alora will add a resort-style pool, a fitness center and additional outdoor gathering areas.
What are the taxes and HOA fees?
Property taxes run approximately $36,974 annually and HOA fees are about $1,250 per month. Figures should be verified during due diligence.
How close is it to downtown Nashville?
The Alora community sits roughly 1.5 miles from Broadway, minutes from Germantown's restaurant district, and about a mile from Amazon and Oracle's East Bank offices. Centennial Park, Midtown and Vanderbilt University are also nearby.
Does the portfolio qualify for bonus depreciation?
The offering may qualify for 100% bonus depreciation with proper structuring. This is not tax advice — buyers should confirm treatment with their own CPA or tax attorney before relying on it.
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