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  • $399,000

    705 Neelys Bend Rd, Madison, TN 37115

    4beds
    2baths
    1,612sqft
    : 
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    Multi Family
    Built in 1982
    -- sqft lot
    $-- Zestimate®
    $248/sqft
    $-- HOA

    What's special

    Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.
    6 days
    |
    208
    |
    20
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Tyler C. King 615-364-0977,

    Synergy Realty Network, LLC 615-371-2424

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3232179MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Baseboard
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Laundry: Individual, Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Carpet, Laminate
      Interior area
      • Total structure area: 1,612
      • Total interior livable area: 1,612 sqft
      • Finished area above ground: 1,612

      Property

      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 10,000 Square Feet
      • Dimensions: 50 x 200
      Details
      • Parcel number: 05202019200
      • Zoning: Rs10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick, Vinyl Siding
      Condition
      • New construction: No
      • Year built: 1982

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Rainbow Terrace
      HOA
      • Has HOA: No
      Location
      • Region: Madison

      Financial & listing details

      • Price per square foot: $248/sqft
      • Tax assessed value: $310,700
      • Annual tax amount: $3,497
      • Date on market: 6/8/2026
      • Inclusions: Appliances
      • Total actual rent: 2250
      • Tenant pays: Electricity, Water
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/8/2026Listed for sale$399,000+513.8%$248/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3232179 Report a problem
        2/14/2019Listing removed$825$1/sqft
        Source: Zillow Rental Manager Report a problem
        1/14/2019Price change$825-13.2%$1/sqft
        Source: Zillow Rental Manager Report a problem
        12/28/2018Listed for rent$950$1/sqft
        Source: Zillow Rental Manager Report a problem
        4/17/2014Sold$65,000+18.2%$40/sqft
        Source: Public Record Report a problem
        6/10/2010Sold$55,000-68.6%$34/sqft
        Source: Public Record Report a problem
        1/23/2010Listing removed$175,000$109/sqft
        Source: CENTURY 21 Lakes, Land & Auction #1106320 Report a problem
        11/22/2009Price change$175,000-2.8%$109/sqft
        Source: CENTURY 21 Lakes, Land & Auction #1106320 Report a problem
        11/7/2009Price change$180,000-5.3%$112/sqft
        Source: CENTURY 21 Lakes, Land & Auction #1106320 Report a problem
        9/29/2009Listed for sale$190,000-9.5%$118/sqft
        Source: CENTURY 21 Lakes, Land & Auction #1106320 Report a problem
        8/24/2009Listing removed$210,000$130/sqft
        Source: CENTURY 21 Seals Realtors & Auction #1106320 Report a problem
        8/7/2009Listed for sale$210,000$130/sqft
        Source: CENTURY 21 Seals Realtors & Auction #1106320 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,497 +18.1%$124,280 +36.5%
        2024$2,962 $91,040
        2023$2,962 $91,040
        2022$2,962 -1%$91,040
        2021$2,993 +33%$91,040 +70.7%
        2020$2,251 +33.8%$53,320
        2019$1,682 $53,320
        2018$1,682 +0%$53,320
        2017$1,682 $53,320 +35.1%
        2016$1,682 +8.6%$39,480
        2015$1,549 $39,480
        2014$1,549 $39,480
        2013-- $39,480 -13.2%
        2012-- $45,480 +60%
        2011-- $28,425 -37.5%
        2010-- $45,480
        2009-- $45,480 +18.9%
        2008-- $38,240
        2007-- $38,240
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        2000-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          All 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.
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          Climate risks

          Neighborhood: Rainbow Terrace

          Getting around

          18 / 100
          Car-Dependent
          22 / 100
          Somewhat Bikeable

          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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