Prime Development or Investment Opportunity! Rare chance to acquire two side-by-side properties at 116 S & 118 S Graycroft Ave, offered together on a combined 1.92 acres. Whether you’re looking to redevelop, tear down and build, or hold as income-producing assets, this property delivers flexibility and upside.
Both homes are in excellent condition, making them ideal for immediate rental or interim use while planning future development. Located in a desirable and convenient area with strong growth potential. Parcel IDs: 042-14-0-096.00 & 042-14-0-097.00 Opportunities like this, size, location, and dual parcels—don’t comr around often.
Active
$1,250,000
116 S Graycroft Ave, Madison, TN 37115
--beds
--baths
1.92Acres
Unimproved Land
Built in ----
1.92 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Two side-by-side properties
- 93 days |
- 76 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Steven Russell 615-429-7323,
Reliant Realty ERA Powered 615-859-7150
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3171271
Facts & features
Interior
Interior area
- Total structure area: 0
Video & virtual tour
Property
Lot
- Size: 1.92 Acres
- Dimensions: 115 x 37592
- Features: Level
- Topography: Level
Details
- Parcel number: 04214009600
- Zoning: Rs20
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $368,100
- Annual tax amount: $2,590
- Date on market: 4/10/2026
- Inclusions: Land And Buildings
- Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Listed for sale | $1,250,000+489.6% |
Source: | ||
| 5/9/2019 | Sold | $212,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,590 +50.1% | $92,025 +73.6% |
| 2024 | $1,725 | $53,025 |
| 2023 | $1,725 | $53,025 |
| 2022 | $1,725 -1% | $53,025 |
| 2021 | $1,743 -8.7% | $53,025 +17.2% |
| 2020 | $1,909 +33.8% | $45,225 |
| 2019 | $1,427 | $45,225 |
| 2018 | $1,427 +26.4% | $45,225 |
| 2017 | $1,129 | $45,225 +48.2% |
| 2016 | -- | $30,525 |
| 2015 | $1,129 -5.8% | $30,525 |
| 2014 | $1,198 | $30,525 |
| 2013 | -- | $30,525 -3.7% |
| 2012 | -- | $31,700 |
| 2011 | -- | $31,700 |
| 2010 | -- | $31,700 |
| 2009 | -- | $31,700 +12.7% |
| 2008 | -- | $28,125 |
| 2007 | -- | $28,125 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37115
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: 1.7 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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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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Contact agent
- Tennessee
- Davidson County
- Nashville
- 37115
- 116 S Graycroft Ave