208A E Palestine Ave, Madison, TN

Name: 208A E Palestine Ave, For Sale in Madison - Zoocasa
Brand: Coldwell Banker Southern Realty
SKU: 3542967
Price: 390000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$390,000

000

MLS® 3542967

Overview

Key Facts

Type Duplex

Levels Residential Income

Size 1612 sqft

Garage No

Taxes $3,522

Days Active 0

Lot Size

Approx. Age 1983

Avg. Price Per Sqft $241

MLS® Number 3542967

Property Address: 208A E Palestine Ave, Madison, TN, 37115

Average square foot calculated using Size range provided by listing agent.

Description

Public Remarks: Excellent opportunity to add a strong income-producing duplex to your investment portfolio in the growing Madison market! Priced at $390, 000, this updated property offers two separately metered units, each featuring two bedrooms, one full bath, a fireplace, washer and dryer connections, and refreshed interiors designed for comfortable, low-maintenance living. Current rents range from approximately $1, 350 to $1, 550 per unit, providing combined potential gross rental income of $32, 400 to $37, 200 annually. With reported annual expenses below $7, 500, the property offers an attractive income profile with additional upside as area rents continue to strengthen. Separate water and sewer meters help simplify management by allowing tenants to be responsible for their individual usage. The location adds even more value—less than eight miles from downtown Nashville and only minutes from the Grand Ole Opry, Opry Mills, shopping, dining and major commuter routes. Madison is also experiencing significant new investment, including the planned Madison Station mixed-use development featuring new residences, retail, office space, childcare and community gathering areas. Whether you are expanding an established portfolio or purchasing your first multifamily property, this duplex combines updated interiors, desirable individual-unit features, separate utilities and a convenient Nashville-area location. Opportunities offering this combination of price, income and long-term neighborhood potential are increasingly difficult to find. Buyer and buyer’s agent to verify all property information, rents, expenses, measurements, development plans and other information deemed important.

MLS® Number3542967

Laundry LevelIndividual, Electric Dryer Hookup, Washer Hookup

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age1983

Basement

DrivewayAsphalt, Driveway

Garage Spaces0

HeatBaseboard

A/CWall/Window Unit(s)

Extras

Appliances, Negotiable

Map

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