206A E Palestine Ave, Madison, TN 37115
- $350,000
- 1,612
- SqFt
- Sold Price
- $350,000
- List Price
- $390,000
- Closing Date
- Aug 24, 2026
- MLS#
- 3173337
- Days on Market
- 134
- Property Type
- Multifamily
- Sqft. of Residence
- 1,612
- County
- Davidson County
- Status
- CLOSED
Property Description
Public Remarks: 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. Price is per each duplex! Package includes 200A-B, 202A-B, 204 A-B, 208 A-B units. Please see other MLS numbers to include 202, 204, 206 adn 208 E Palestine. Other property ids include 051-08-0-204.00, 051-08-0-205.00, 051-08-0-206.00 and 051-08-0-207.00
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Additional Information
- Construction Type
- Brick, Frame
- Cooling System
- Wall/Window Unit(s)
- Elementary School
- Stratton Elementary
- Floor Types
- Laminate
- Heating System
- Baseboard
- High School
- Hunters Lane Comp High School
- Junior High School
- Madison Middle
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 1,612
- Lot Dimensions
- 50 X 169
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Bailey
- Tax Amount
- $3,522
- Water Source
- Public
- Year Built
- 1983
- Zoning
- Multi
- Type
- Multifamily
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Listing courtesy of Coldwell Banker Southern Realty. Selling Office: Arrow Property Management.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.