LKV Realty
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$374,900
$1,900Reward *
705 Neelys Bend Rd, Madison, TN 37115Listing ID 3232179

705 Neelys Bend Rd, Madison, TN 37115

Active
Rainbow Terrace
Time on site: 84 daysLast updated: 2 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Square Feet
Square Feet
1,612
Days on Site
Days on Site
65
Cooling
Cooling
Wall/Window Unit(s)
Heating
Heating
Baseboard
Year Built
Year Built
1982
Stories
Stories
2

Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.

Property Information

Property Details

Location

Address
705 Neelys Bend Rd
County
Davidson County, TN
City
Madison
Zip Code
37115
Subdivision
Rainbow Terrace
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
1982
Stories
2
Construction
Brick, Vinyl Siding

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$3,497
Synergy Realty Network, LLC, (615) 371-2424

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, 06:11 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.

RTC39913