202A E Palestine Ave Madison, TN $ 390,000
202A E Palestine Ave
$ 390,000
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202A E Palestine Ave

Madison, TN, 37115
$ 390,000
Bedrooms4 Baths2.0 Sq 1,612

Monthly Estimate*

$ 2,401

202A E Palestine Ave, Madison, TN 37115 - Image 1
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Multi-Family Home for sale in Madison, TN

for $390,000 with 4 bedrooms and 2 full baths. This 1,612 square foot home was built in 1983.

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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Multi-Family Active

Price

$ 390,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,522

Style

Duplex

Year Built

1983

Town/City

Madison

County/Region

Davidson

MLS | Web ID

3173152

Features
General
Living Area 1612
Sewer Public Sewer
Heating Baseboard
Cooling Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Roof Shingle
Zoning Res
Garage Spaces 0
Construction Materials Brick Frame
Year Built 1983
Tenant Pays Cable TV Electricity Trash Collection Water
Stories Count 2
Levels One
Gross Income 31200
County Davidson County TN
Net Operating Income 28700
Operating Expense 2500
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Bailey
Garage Y/N N
Rent Includes None
Status Active
Buyer Financing Conventional
Directions Briley Parkway to Gallatin Pike S. Right to E Palestine Avenue
High School Hunters Lane Comp High School
City Madison
Senior Community Y/N N
Open Parking Spaces 4
Number Of Units Total 2
Lot Size Units Acres
Elementary School Stratton Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 3522
Middle/Junior High School Madison Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 2600
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 1612
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Other
Above Grade Finished Area Source Other
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Asphalt
Water Source Public
Total Parking 4
Inclusions No Furnishing
Building Area Total 1612
Lot Dimensions 49 X 156
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Coldwell Banker Southern Realty

Broker

edklem@cb-southernrealty.net

Email

Affordability Calculator

$2,695
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$294
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
245671 Elementary School
4313268 Middle School
Hunters Lane Comp High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2026$390,000 Listed Price

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202A E Palestine Ave, Madison, TN, 37115 is a Multi-Family Home for sale at $390,000 with 1,612 sqft. 202A E Palestine Ave has 4 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 37115 which is in Madison, TN