Welcome to 116 Margaret Street, a versatile duplex located on a cul-de-sac in the vibrant community of Madison, TN. This two-unit 1,572-square-foot property presents a unique opportunity for savvy investors or those seeking a house-hacking strategy by living in one unit and renting the other. With two bedrooms and one bath on each side, this home offers ample space and flexibility. Outside, a generous driveway provides plenty of parking space for each side. Madison's ongoing revitalization, highlighted by the groundbreaking of Madison Station later this year, positions this property as an attractive investment. Secure your piece of Madison now, while prices remain accessible, and watch as the surrounding area flourishes with new developments and community improvements. Don't miss out on this prime opportunity to own a property with endless potential. Multiple offers received.
Closed
$285,000
116 Margaret St, Madison, TN 37115
4beds
2baths
1,572sqft
Multi Family
Built in 1959
-- sqft lot
$283,800 Zestimate®
$181/sqft
$1,502 Estimated rent
Home value
$283,800
$267,000 - $304,000
$1,502/mo
Zestimate® history
Owner options
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$1,502/mo
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$1,502/mo
Rent Zestimate®
Refinance and save
$1,645/mo
Est. payment
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$1,645/mo
Est. payment
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List your homeWhat's special
Parking spaceGenerous driveway
Zillow last checked:
Listing updated:
Listing Provided by:
Rachael Kimbler 615-481-1206,
Compass RE
Bought with:
Miguel Calvo, 288788
The Realty Association
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2787825
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Radiant
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Wood, Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,572
- Total interior livable area: 1,572 sqft
- Finished area above ground: 1,572
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Gravel
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.34 Acres
- Dimensions: 100 x 150
Details
- Parcel number: 05201016100
- Zoning: RS5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Metal
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Madison
- Subdivision: B H & M Franklin
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2025 | Sold | $285,000-3.4%$181/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2787825 Report a problem | ||
| 2/7/2025 | Contingent | $295,000$188/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2787825 Report a problem | ||
| 2/5/2025 | Listed for sale | $295,000+168.2%$188/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2787825 Report a problem | ||
| 7/2/2013 | Listing removed | $110,000$70/sqft |
Source: Coldwell Banker Barnes #1379220 Report a problem | ||
| 7/25/2012 | Listed for sale | $110,000$70/sqft |
Source: Coldwell Banker Barnes #1379220 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,241 +24.4% | $115,160 +43.9% |
| 2024 | $2,605 | $80,040 |
| 2023 | $2,605 | $80,040 |
| 2022 | $2,605 -1% | $80,040 |
| 2021 | $2,632 +33.2% | $80,040 +71% |
| 2020 | $1,975 +33.8% | $46,800 |
| 2019 | $1,477 | $46,800 |
| 2018 | $1,477 | $46,800 |
| 2017 | $1,477 | $46,800 +47% |
| 2016 | $1,477 +18.2% | $31,840 |
| 2015 | $1,249 | $31,840 |
| 2014 | $1,249 | $31,840 -9.8% |
| 2013 | -- | $35,280 -12.9% |
| 2012 | -- | $40,520 |
| 2011 | -- | $40,520 |
| 2010 | -- | $40,520 |
| 2009 | -- | $40,520 +11.8% |
| 2008 | -- | $36,240 |
| 2007 | -- | $36,240 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Neighborhood: Heron Walk
Nearby schools
GreatSchools rating
- 4/10Stratton Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Madison Middle PrepGrades: 6-8Distance: 1 mi
- 4/10Hunters Lane Comp High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Stratton Elementary
- Middle: Madison Middle
- High: Hunters Lane Comp High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$283,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$283,800
- Tennessee
- Davidson County
- Nashville
- 37115
- Heron Walk
- 116 Margaret St
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