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Listing Detail - Nashville Home and Farms

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Madison, TN 37115 204A E Palestine Ave

$390,000

204A E Palestine Ave Madison, TN - Image 1204A E Palestine Ave Madison, TN - Image 2204A E Palestine Ave Madison, TN - Image 3
6 more
204A E Palestine Ave Madison, TN - Image 4204A E Palestine Ave Madison, TN - Image 5204A E Palestine Ave Madison, TN - Image 6204A E Palestine Ave Madison, TN - Image 7204A E Palestine Ave Madison, TN - Image 8204A E Palestine Ave Madison, TN - Image 9204A E Palestine Ave Madison, TN - Image 10
Presented By: Coldwell Banker Southern Realty;
  • MLS# 3173156
  • 04/11/2026
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 1,612

Home Details

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! 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
Presented By: Coldwell Banker Southern Realty;

Interior Features for 204A 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 204A E Palestine Ave

Attached Garage No
Building Area UnitsSquare Feet
CityMadison
Construction MaterialsBrick, Frame
CoolingWall/Window Unit(s)
CountyDavidson County, TN
DirectionsGallatin Pike S to E Palestine. Rt to properties
Elementary SchoolStratton Elementary
Garage Spaces
Garage Y/NNo
Gross Income163260
HeatingBaseboard
High SchoolHunters Lane Comp High School
LevelsOne
Living Area1612
Living Area UnitsSquare Feet
Lot Size UnitsAcres
Middle/Junior High SchoolMadison Middle
Net Operating Income133730
New ConstructionNo
Number Of Units Total2
Operating Expense29530
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
ViewCity
Year Built1983
Year Built DetailsExisting
ZoningMulti

Exterior for 204A E Palestine Ave

Building Area Total1612
Covered Spaces
InclusionsAppliances, Negotiable
Lot Dimensions50 X 169
Parking FeaturesAsphalt, Driveway
Total Parking0
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#3173156
List Date 04/11/2026
Property Type Multi-Family
Phone (731) 616-9391
Request Tour
Request Info
Visit My Website

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