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Listing Detail - Nashville Home and Farms

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Madison, TN 37115 200A E Palestine Ave

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Presented By: Coldwell Banker Southern Realty;
  • MLS# 3173146
  • 04/11/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 1,612

Home Details

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.
Presented By: Coldwell Banker Southern Realty;

Interior Features for 200A E Palestine Ave

Other Interior Features

LivingAreaSourceOther
Above Grade Finished Area1612
Above Grade Finished Area SourceOther
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area SourceOther
Below Grade Finished Area Unit TypeSquare Feet
FlooringLaminate
Heating Y/NYes
Laundry FeaturesIndividual, Electric Dryer Hookup, Washer Hookup

General for 200A E Palestine Ave

Attached Garage No
Building Area UnitsSquare Feet
Buyer FinancingConventional
CityMadison
Construction MaterialsBrick, Frame
CoolingWall/Window Unit(s)
CountyDavidson County, TN
DirectionsBriley Parkway to Gallatin Pike S. Right to E Palestine Avenue
Elementary SchoolStratton Elementary
Garage Spaces
Garage Y/NNo
Gross Income31200
HeatingBaseboard
High SchoolHunters Lane Comp High School
LevelsOne
Living Area1612
Living Area UnitsSquare Feet
Lot Size UnitsAcres
Middle/Junior High SchoolMadison Middle
Net Operating Income28700
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4
Operating Expense2500
OwnerPaysNone
PossessionClose Of Escrow
Property Attached Y/NYes
Property TypeResidential Income
Rent IncludesNone
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameBailey
Tax Annual Amount3522
Tenant PaysCable TV, Electricity, Trash Collection, Water
Total Actual Rent2600
UtilitiesWater Available
Year Built1983
Year Built DetailsExisting
ZoningRes

Exterior for 200A E Palestine Ave

Building Area Total1612
Covered Spaces
InclusionsNo Furnishing
Lot Dimensions49 X 156
Parking FeaturesAsphalt
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hunters Lane Comp High School
Elementary School Stratton Elementary
Middle School Madison Middle

Anthony Martin

Agent | Owner
Price $390,000
MLS#3173146
List Date 04/11/2026
Property Type Multi-Family
Request Tour
Request Info
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