202A E Palestine Ave Madison, TN 37115
Listing Courtesy of: REALTRACS as distributed by MLS GRID / Listed By: Edward Klem, Coldwell Banker Southern Realty

  202A E Palestine Ave Madison, TN 37115

Active (37 Days)
$390,000 (USD)
1,612
SQFT
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Description

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.

MLS #:
RTC3173152
Taxes
$3,522
Type
Multifamily
Year Built
1983
County
Davidson County

Listed By

Edward Klem, Coldwell Banker Southern Realty
Source
REALTRACS
Last checked May 18 2026 at 11:47 PM GMT+0000
Bathroom Details
Subdivision
  • Bailey
Heating and Cooling
  • Baseboard
  • Wall/Window Unit(s)
Flooring
  • Laminate
Exterior Features
  • Brick
  • Frame
  • Roof: Shingle
Utility Information
  • Utilities: Water Available
  • Sewer: Public Sewer
School Information
  • Elementary School: Stratton Elementary
  • Middle School: Madison Middle
  • High School: Hunters Lane Comp High School
Parking
  • Asphalt
Stories
  • 2
Living Area
  • 1,612 sqft
Location
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 5/18/2026 23:47. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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