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$390,000 - 204a E Palestine Ave, Madison

-
Bedrooms
-
Baths
1,612
SQ. Feet
1983
Year Built

Public Remarks: 10 full units completely rented and always rented. This is investors dream with instant revenue stream. Currently posting a NOI over $133k per year and that will only increase. Some rents under market and 2 units increasing rent by $248 per month. All of this with super low expenses as all units on separate utility meters. All units are 2-bedroom 1 bath units and recently remodeled as well. Each unit features a wood burning fireplace and believe it or not, washer and dryer inside the unit as well. Great setup to properties as occupants have either a downstairs patio or second floor deck. Owner recently replaced roofs plus finished other repairs and updates for this sale. Less than 8 miles from downtown, 3 miles to Opry Mall and just seconds to new shopping district. Price is per each duplex! Please see other MLS numbers to include 202, 204, 206 adn 208 E Palestine. Other property ids include 051-08-0-204.00, 051-08-0-205.00, 051-08-0-206.00 and 051-08-0-207.00

Essential Information

  • MLS® #:
    3173156
  • Price:
    $390,000
  • Bathrooms:
    0.00
  • Square Footage:
    1,612
  • Acres:
    0.00
  • Year Built:
    1983
  • Type:
    Residential Income
  • Status:
    Active

Community Information

  • Address:
    204a E Palestine Ave
  • Subdivision:
    Bailey
  • City:
    Madison
  • County:
    Davidson County, TN
  • State:
    TN
  • Zip Code:
    37115

Amenities

  • Utilities:
    Water Available
  • Garages:
    Asphalt, Driveway
  • View:
    City

Interior

  • Heating:
    Baseboard
  • Cooling:
    Wall/Window Unit(s)
  • # of Stories:
    2

Exterior

  • Roof:
    Shingle
  • Construction:
    Brick, Frame

School Information

  • Elementary:
    Stratton Elementary
  • Middle:
    Madison Middle
  • High:
    Hunters Lane Comp High School

Additional Information

  • Date Listed:
    April 11th, 2026
  • Days on Market:
    42
  • Zoning:
    Multi

Listing Details

  • Listing Office:
    Coldwell Banker Southern Realty

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Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

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Listing information last updated on May 23rd, 2026 at 6:54pm CDT.