705 Neelys Bend Rd Madison, TN $ 399,000
705 Neelys Bend Rd
$ 399,000
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705 Neelys Bend Rd

Madison, TN, 37115
$ 399,000
Bedrooms4 Baths2.0 Sq 1,612

Monthly Estimate*

$ 2,457

705 Neelys Bend Rd, Madison, TN 37115 - Image 1
705 Neelys Bend Rd, Madison, TN 37115 - Image 2
705 Neelys Bend Rd, Madison, TN 37115 - Image 3
705 Neelys Bend Rd, Madison, TN 37115 - Image 4
705 Neelys Bend Rd, Madison, TN 37115 - Image 5
705 Neelys Bend Rd, Madison, TN 37115 - Image 6
705 Neelys Bend Rd, Madison, TN 37115 - Image 7
705 Neelys Bend Rd, Madison, TN 37115 - Image 8
705 Neelys Bend Rd, Madison, TN 37115 - Image 9
705 Neelys Bend Rd, Madison, TN 37115 - Image 10
705 Neelys Bend Rd, Madison, TN 37115 - Image 11
705 Neelys Bend Rd, Madison, TN 37115 - Image 12
705 Neelys Bend Rd, Madison, TN 37115 - Image 13

Multi-Family Home for sale in Madison, TN

for $399,000 with 4 bedrooms and 2 full baths. This 1,612 square foot home was built in 1982.

Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.

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Multi-Family Active

Price

$ 399,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,497

Style

Duplex

Year Built

1982

Town/City

Madison

County/Region

Davidson

MLS | Web ID

3232179

Features
General
Living Area 1612
Sewer Public Sewer
Heating Baseboard
Cooling Wall/Window Unit(s)
Utilities Water Available
Possession Close Of Escrow
Zoning Rs10
Garage Spaces 0
Construction Materials Brick Vinyl Siding
Year Built 1982
Tenant Pays Electricity Water
Stories Count 2
Levels Two
Gross Income 2120
County Davidson County TN
Net Operating Income 2120
Operating Expense 0
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Rainbow Terrace
Garage Y/N N
Rent Includes Other
Status Active
Directions From downtown Nashville: Take I-65 N to Briley Parkway East/TN-155 E. Continue to Gallatin Pike/Madison exit and turn left onto Gallatin Pike. Continue north then turn right onto Neelys Bend Rd. Prop
High School Hunters Lane Comp High School
City Madison
Senior Community Y/N N
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 3497
Middle/Junior High School Madison Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 2250
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Interior
Flooring Carpet 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 Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Appliances
Building Area Total 1612
Lot Dimensions 50 X 200
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 705
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* Excluded Features
List By
Synergy Realty Network, Llc

Broker

Tyler@89kdc.com

Email

Affordability Calculator

$2,748
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,457
Monthly Property Taxes
$291
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
6/8/2026$399,000 Listed Price

Map


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705 Neelys Bend Rd, Madison, TN, 37115 is a Multi-Family Home for sale at $399,000 with 1,612 sqft. 705 Neelys Bend Rd has 4 bedrooms, 2.0 baths, and was built in 1982. The property's zip code is 37115 which is in Madison, TN