240 Lanier Dr Madison, TN ^$ 549,000

240 Lanier Dr

^$ 549,000

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240 Lanier Dr

Madison, TN, 37115

^$ 549,000

Bedrooms4 Baths4.0 Sq 2,472

Monthly Estimate*

^$ 3,466

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Multi-Family Home for sale in Madison, TN

for $549,000 with 4 bedrooms and 4 full baths. This 2,472 square foot home was built in 1940.

Multi-family Investment property featuring a classic triplex with three spacious 1BR/1BA units, plus a detached 1BR/1BA cottage unit for 4 total units. Located in Madison with easy access to Nashville with nearby shopping and dining in Inglewood, East Nashville and the Rivergate area. 2 units have their own laundry, and a third laundry area is shared by 2 units. there are 2 garage bays and plenty of parking. All units are rented with 2 units having tenants that have been there more than 3 years. PLEASE do not disturb tenants or go on the property without an appointment.

Multi-Family Active

Price

^$ 549,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,739

Style

Quadruplex

Year Built

1940

Town/City

Madison

County/Region

Davidson

MLS | Web ID

3282470

Features

General

Living Area 2472

Sewer Other

Heating Central

Cooling Central Air

Utilities Water Available

Possession Close Of Escrow

Zoning Rs10

Garage Spaces 2

Construction Materials Wood Siding

Year Built 1940

Tenant Pays Electricity

Stories Count 2

Levels Two

Gross Income 46320

County Davidson County TN

Net Operating Income 46320

Operating Expense 0

New Construction N

Property Type Residential Income

Attached Garage Y

Subdivision Name N/A

Garage Y/N Y

Rent Includes Water

Status Active

Directions Gallatin Rd North right on Neelys Bend left on Lanier

High School Hunters Lane Comp High School

City Madison

Senior Community Y/N N

Open Parking Spaces 4

Number Of Units Total 4

Lot Size Units Acres

Elementary School Stratton Elementary

Property Attached Y/N Y

Year Built Details Existing

Tax Annual Amount 4739

Middle/Junior High School Madison Middle

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Total Actual Rent 3860

Interior

Flooring Carpet Wood

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 2112

Laundry Features Share

Below Grade Finished Area 360

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

Exterior

Parking Features Garage Faces Rear

Water Source Private

Total Parking 6

Inclusions Appliances

Building Area Total 2472

Lot Dimensions 75 X 166

Waterfront Y/N N

Covered Spaces 2

Internal Only

Street Number 1 240

* Excluded Features

List By

Sneaky Ninja, Inc.

Broker

brian@sneakyninjainc.com

Affordability Calculator

$3,861

Per Month

Monthly Principal & Interest: $3,466
Monthly Property Taxes: $395
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Madison, TN

Average List Price ^$387,790

Percent of Sale Price 29%

About Madison, TN

39,194 Population

13% Since 2002

^$38,074 Median Income

37.55 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

245671 Elementary School

4313268 Middle School

Hunters Lane Comp High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/16/2026	$549,000		Listed Price

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240 Lanier Dr, Madison, TN, 37115 is a Multi-Family Home for sale at $549,000 with 2,472 sqft. 240 Lanier Dr has 4 bedrooms, 4.0 baths, and was built in 1940. The property's zip code is 37115 which is in Madison, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of RealTracs Solutions. Real estate listings held by firms other than Weichert Realtors are marked with the Internet Data Exchange logo or thumbnail logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/17/2026.

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240 Lanier Dr

Multi-Family Home for sale in Madison, TN

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