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  • $350,000

    206A E Palestine Ave, Madison, TN 37115

    8beds
    4baths
    1,612sqft
    Multi Family
    Built in 1983
    -- sqft lot
    $1,400,300 Zestimate®
    $217/sqft
    $1,562 Estimated rent

    Home value

    $1,400,300

    $1.33M - $1.47M

    $1,562/mo

    Zestimate® history
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    What's special

    Wood burning fireplaceSecond floor deckRecently remodeledRecently replaced roofsDownstairs patio
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Edward Klem 615-947-1188,

    Coldwell Banker Southern Realty

    Bought with:

    Nathan Fay, 317217

    Arrow Property Management

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3173337MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Baseboard
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Individual, Electric Dryer Hookup, Washer Hookup
    Features
    • Flooring: Laminate
    Interior area
    • Total structure area: 1,612
    • Total interior livable area: 1,612 sqft
    • Finished area above ground: 1,612

    Property

    Parking
    • Parking features: Asphalt, Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Has view: Yes
    • View description: City
    Lot
    • Size: 8,450 Square Feet
    • Dimensions: 50 x 169
    Details
    • Parcel number: 05108020400
    • Zoning: Multi
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Brick, Frame
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Water Available

    Community & HOA

    Community
    • Subdivision: Bailey
    HOA
    • Has HOA: No
    Location
    • Region: Madison

    Financial & listing details

    • Price per square foot: $217/sqft
    • Annual tax amount: $3,522
    • Date on market: 4/12/2026
    • Inclusions: Appliances, Negotiable
    • Total actual rent: 2600
    • Tenant pays: Electricity, Water

    Price history

    DateEventPrice
    8/24/2026Sold$350,000-10.3%$217/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3173337 Report a problem
    7/6/2026Contingent$390,000$242/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3173337 Report a problem
    4/12/2026Listed for sale$390,000$242/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3173337 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Heron Walk

    Nearby schools

    GreatSchools rating
    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
    $1,400,300
    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
    $1,400,300