Multi-family Investment property featuring a classic triplex with three spacious 1BR/1BA units, plus a detached 1BR/1BA cottage unit for 4 total units. Located in Madison with easy access to Nashville with nearby shopping and dining in Inglewood, East Nashville and the Rivergate area. 2 units have their own laundry, and a third laundry area is shared by 2 units. there are 2 garage bays and plenty of parking. All units are rented with 2 units having tenants that have been there more than 3 years. PLEASE do not disturb tenants or go on the property without an appointment.
Active
$549,000
240 Lanier Dr, Madison, TN 37115
4beds
4baths
2,472sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$222/sqft
$-- HOA
What's special
Plenty of parking
- 7 days |
- 172 |
- 18 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Brian Bequette 615-294-6910,
Sneaky Ninja, Inc. 615-294-6910
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3282470
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Flooring: Carpet, Wood
Interior area
- Total structure area: 2,472
- Total interior livable area: 2,472 sqft
- Finished area above ground: 2,112
- Finished area below ground: 360
Property
Parking
- Total spaces: 6
- Parking features: Garage Faces Rear
- Attached garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.29 Acres
- Dimensions: 75 x 166
Details
- Parcel number: 04314008400
- Zoning: Rs10
- Special conditions: Owner Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Other
- Water: Private
- Utilities for property: Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $397,900
- Annual tax amount: $4,739
- Date on market: 7/15/2026
- Inclusions: Appliances
- Total actual rent: 3860
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $549,000-0.2%$222/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3282470 Report a problem | ||
| 10/14/2025 | Listing removed | $550,000$222/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2974754 Report a problem | ||
| 8/15/2025 | Listed for sale | $550,000+62%$222/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2974754 Report a problem | ||
| 6/25/2020 | Listing removed | $800 |
Source: Sneaky Ninja, Inc. #2152601 Report a problem | ||
| 5/23/2020 | Listed for rent | $800+10.3% |
Source: Sneaky Ninja, Inc. #2152601 Report a problem | ||
| 3/13/2020 | Sold | $339,500+47.6%$137/sqft |
Source: Public Record Report a problem | ||
| 6/6/2019 | Listing removed | $725 |
Source: Owner Report a problem | ||
| 6/4/2019 | Listed for rent | $725 |
Source: Owner Report a problem | ||
| 12/21/2015 | Sold | $230,000-20.7%$93/sqft |
Source: Public Record Report a problem | ||
| 5/9/2008 | Listing removed | $289,900$117/sqft |
Source: Century 21 Report a problem | ||
| 3/5/2008 | Listed for sale | $289,900+95.9%$117/sqft |
Source: Century 21 Report a problem | ||
| 10/5/1998 | Sold | $148,000$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,299 +0.8% | $152,785 +16.5% |
| 2024 | $4,267 | $131,120 |
| 2023 | $4,267 | $131,120 |
| 2022 | $4,267 -1% | $131,120 |
| 2021 | $4,311 +28.7% | $131,120 +65.3% |
| 2020 | $3,349 +33.8% | $79,345 |
| 2019 | $2,503 | $79,345 |
| 2018 | $2,503 +0% | $79,345 |
| 2017 | $2,503 | $79,345 +131% |
| 2016 | $2,503 +85.7% | $34,350 |
| 2015 | $1,348 | $34,350 |
| 2014 | $1,348 | $34,350 |
| 2013 | -- | $34,350 -7.7% |
| 2012 | -- | $37,225 |
| 2011 | -- | $37,225 |
| 2010 | -- | $37,225 |
| 2009 | -- | $37,225 +30.6% |
| 2008 | -- | $28,500 |
| 2007 | -- | $28,500 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
| 2000 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Heron Walk
Nearby schools
GreatSchools rating
- 4/10Stratton Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 4/10Madison Middle PrepGrades: 6-8Distance: 1.2 mi
- 4/10Hunters Lane Comp High SchoolGrades: 9-12Distance: 3.5 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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