200A E Palestine Ave, Madison, TN 37115

Madison
Local realty services provided by:ERA Chappell & Associates Realty & Rental
200A E Palestine Ave,Madison, TN 37115
$390,000
  • - Beds
  • - Baths
  • 1,612 sq. ft.
  • Multi-family
  • Active
Listed by: edward klem
Office: coldwell banker southern realty
MLS#:3173146
Source:NASHVILLE

Price summary

  • Price:$390,000
  • Price per sq. ft.:$241.94

About this home

One of 5 duplex units creating 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.

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Home facts

  • Year built:1983
  • Listing ID #:3173146
  • Added:1 day(s) ago
  • Updated:April 11, 2026 at 07:54 PM

Rooms and interior

  • Flooring:Laminate
  • Living area:1,612 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Baseboard

Structure and exterior

  • Roof:Shingle
  • Year built:1983
  • Building area:1,612 sq. ft.
  • Construction Materials:Brick, Frame
  • Levels:2 Story

Schools

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

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$390,000
  • Price per sq. ft.:$241.94
  • Tax amount:$3,522

Parking

  • Total parking spaces:4
  • Parking description:Asphalt
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