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206A E Palestine Ave, Madison, TN 37115

Davidson County

Key Facts

1,615Sq Ft
1983Year Built
0.20Lot (acres)

Description

This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id's means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.

Property Information

Property Type

Commercial Sale

Sub-Type

Mixed Use

Year Built

1983

Living Area

1,615 sq ft

Lot Size

0.20 acres

Zoning

RES

Days on Market

85

MLS® Listing#

3173164

Property Features

Cooling:
None
Heating:
None

HOA & Tax

Parcel #:
05108020600

Directions

Briley Parkway to Gallatin Pike S. Right to E Palestine.

Affordability Calculator

$390,000

Estimated monthly payment

$10,379/mo

Principal $1,560,000 · Est. interest $2,176,339 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Madison, TN

$330,000
Median Listing Price
40
Median Days on Market
1,412
Median Sq Ft
$229
Median Price / Sq Ft
181
Active Listings
  • This home’s price is 491% above the area median.
  • Its price per sq ft is 427% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Madison, TN.

Location

  • 206A E Palestine Ave, Madison, TN 37115

Nearby Schools

  • St Joseph Parish Center

    School · 0.4 mi away

  • St Joseph School

    School · 0.4 mi away

  • Metro Christian Academy

    School · 1.0 mi away

  • Smithson Craighead Academy

    Elementary · 1.0 mi away

  • Madison Middle School

    Secondary · 1.1 mi away

  • Stratton Elementary School

    Elementary · 1.2 mi away

  • The Edison School

    Elementary · 1.3 mi away

  • Ascension Lutheran Church

    Secondary · 1.3 mi away

  • Isaac Litton Middle School

    Secondary · 1.5 mi away

  • Chadwell Elementary School

    Elementary · 1.6 mi away

  • Tennessee CDL School

    Secondary · 1.6 mi away

  • AMQUI K-8

    Elementary · 1.9 mi away

  • Gra-Mar Middle School

    School · 2.0 mi away

  • Madison Academy Elementary and Middle School

    Elementary · 2.1 mi away

  • Dan Mills Elementary School

    Elementary · 2.1 mi away

  • Maplewood High School

    Secondary · 2.2 mi away

  • Neelys Bend Middle School

    Elementary · 2.3 mi away

  • Lead Neely's Bend

    Elementary · 2.3 mi away

  • Ithaca Montessori

    Elementary · 2.4 mi away

  • Neely's Bend K-8 school

    Elementary · 2.4 mi away

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Listing Courtesy: Coldwell Banker Southern Realty - 6159471188

Based on information submitted to the MLS GRID as of 2026-04-09 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-04-09

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Data provided by Realtracs. MLS® Listing#3173164. © 2026EXIT Realty®. All rights reserved.