LKV Realty
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$390,000
$1,900Reward *
200A E Palestine Ave, Madison, TN 37115Listing ID 3173146

200A E Palestine Ave, Madison, TN 37115

Contingent
Bailey
Time on site: 126 daysLast updated: Jul 6, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Square Feet
Square Feet
1,612
Days on Site
Days on Site
122
Cooling
Cooling
Wall/Window Unit(s)
Heating
Heating
Baseboard
Year Built
Year Built
1983
Stories
Stories
2
Parking
Parking
Asphalt

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 Details

Location

Address
200A E Palestine Ave
County
Davidson County, TN
City
Madison
Zip Code
37115
Subdivision
Bailey
High School
Hunters Lane Comp High School
Elementary School
Stratton Elementary

Interior Features

Other Rooms

Laundry Features
Individual, Electric Dryer Hookup, Washer Hookup

Building

Building Information

Square Feet
1,612
Year Built
1983
Stories
2
Construction
Brick, Frame
Roof
Shingle

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$3,522
Coldwell Banker Southern Realty, (615) 465-3700

Market Report for 37115

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Realtracs
Realtracs logo

Based on information submitted to the MLS GRID as of 13 Aug 2026, 09:28 AM UTC. 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

RTC139622