Skip to content
Photo 1 of 16
Photo 1 of 16 — 202A E Palestine Ave, Madison, TN 37115
View all 16 photos→

202A E Palestine Ave, Madison, TN 37115

Bailey · Davidson County

Key Facts

1,612Sq Ft
1983Year Built
2Stories

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.

Property Information

Property Type

Residential Income

Sub-Type

Duplex

Structure Type

Duplex

Year Built

1983

Stories

2

Living Area

1,612 sq ft

Lot Dimensions

49 X 156

Parking Spaces

4

Zoning

Res

Days on Market

85

MLS® Listing#

3173152

Property Features

Cooling:
Wall/Window Unit(s)
Heating:
Baseboard
Flooring:
Laminate
Parking:
Asphalt
Laundry:
Electric Dryer Hookup, Washer Hookup
Construction:
Brick, Frame
Roof:
Shingle
Utilities:
Water Available
Sewer:
Public Sewer
Water Source:
Public

Schools

Elementary:
Stratton Elementary
Middle:
Madison Middle
High:
Hunters Lane Comp High School

HOA & Tax

HOA:
None
Annual Tax:
$3,522
Parcel #:
05108020300

Directions

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

Affordability Calculator

$78,000

Estimated monthly payment

$2,076/mo

Principal $312,000 · Est. interest $435,268 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 18% above the area median.
  • Its price per sq ft is 6% above the area median.

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

Location

  • 202A 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 · 1.1 mi away

  • Smithson Craighead Academy

    Elementary · 1.1 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

  • Dan Mills Elementary School

    Elementary · 2.1 mi away

  • Madison Academy Elementary and Middle 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 · 2.3 mi away

  • Neely's Bend K-8 school

    Elementary · 2.4 mi away

Commute Calculator

Travel mode

Nearby Homes

Similar Homes Nearby

Moving Cost Estimate

EXIT Agents in Madison

RealTracs logo

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

Data Terms of Use
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: . “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.”

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by Realtracs. MLS® Listing#3173152. © 2026EXIT Realty®. All rights reserved.