208A E Palestine Ave, Madison, TN 37115

Madison
Local realty services provided by:ERA Chappell & Associates Realty & Rental
208A 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#:3542967
Source:NASHVILLE

Price summary

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

About this home

Public Remarks: Excellent opportunity to add a strong income-producing duplex to your investment portfolio in the growing Madison market! Priced at $390,000, this updated property offers two separately metered units, each featuring two bedrooms, one full bath, a fireplace, washer and dryer connections, and refreshed interiors designed for comfortable, low-maintenance living. Current rents range from approximately $1,350 to $1,550 per unit, providing combined potential gross rental income of $32,400 to $37,200 annually. With reported annual expenses below $7,500, the property offers an attractive income profile with additional upside as area rents continue to strengthen. Separate water and sewer meters help simplify management by allowing tenants to be responsible for their individual usage. The location adds even more value—less than eight miles from downtown Nashville and only minutes from the Grand Ole Opry, Opry Mills, shopping, dining and major commuter routes. Madison is also...

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Home facts

  • Year built:1983
  • Subdivision & Development:Bailey
  • Listing ID #:3542967
  • Added:46 day(s) ago
  • Updated:October 23, 2026 at 02:34 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

  • Parking description:Asphalt, Driveway
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