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Listing Detail - Nashville Home and Farms

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Madison, TN 37115 206A E Palestine Ave

$390,000

206A E Palestine Ave Madison, TN - Image 1206A E Palestine Ave Madison, TN - Image 2206A E Palestine Ave Madison, TN - Image 3
7 more
206A E Palestine Ave Madison, TN - Image 4206A E Palestine Ave Madison, TN - Image 5206A E Palestine Ave Madison, TN - Image 6206A E Palestine Ave Madison, TN - Image 7206A E Palestine Ave Madison, TN - Image 8206A E Palestine Ave Madison, TN - Image 9206A E Palestine Ave Madison, TN - Image 10206A E Palestine Ave Madison, TN - Image 11
Presented By: Coldwell Banker Southern Realty;
  • MLS# 3173337
  • 04/12/2026
  • 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! 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
Presented By: Coldwell Banker Southern Realty;

Interior Features for 206A 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 206A E Palestine Ave

Attached Garage No
Building Area UnitsSquare Feet
CityMadison
Construction MaterialsBrick, Frame
ContingencyInspection
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
LevelsTwo
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 Under Contract
StatusUnder Contract - Showing
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 206A 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#3173337
List Date 04/12/2026
Property Type Contingent
Phone (731) 616-9391
Request Tour
Request Info
Visit My Website

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