202A E Palestine Ave, Madison, TN 37115
- $350,000
- 1,612
- SqFt
- Sold Price
- $350,000
- List Price
- $390,000
- Status
- CLOSED
- Days on Market
- 135
- Closing Date
- Aug 24, 2026
- MLS#
- 3173152
- Subtype
- Residential Income
- Year Built
- 1983
- Living Area
- 1,612
- Subdivision
- Bailey
Property Description
One of 5 duplex units creating 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.
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Additional Information
- Zoning
- Res
- Exterior Construction
- Brick, Frame
- Stories
- 2
- Parking Features
- Asphalt
- Elementary School
- Stratton Elementary
- Middle School
- Madison Middle
- High School
- Hunters Lane Comp High School
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Listing courtesy of Coldwell Banker Southern Realty. Selling Office: Arrow Property Management.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.