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Street View
$390,000
Monthly Est:$1,941
4 Beds
2 Baths
1,612sqft
208a E Palestine Ave, Madison, TN 37115
$390,000
$1,941/moEst:
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Multi Family
Built in 1983
$-- HOA
-- sqft lot
$242/sq.ft
Description
Public Remarks: Excellent opportunity to add a strong income-producing duplex to your investment portfolio in the growing Madison market! Priced at $390,000, this updated property offers two separately metered units, each featuring two bedrooms, one full bath, a fireplace, washer and dryer connections, and refreshed interiors designed for comfortable, low-maintenance living.
Current rents range from approximately $1,350 to $1,550 per unit, providing combined potential gross rental income of $32,400 to $37,200 annually. With reported annual expenses below $7,500, the property offers an attractive income profile with additional upside as area rents continue to strengthen....
- Houzeo last checked: 8 minutes ago
- Listing updated: September 7, 2026 at 2:21 pm
- Listing Provided by: Edward Klem (615) 947-1188 DRE #376759 | Coldwell Banker Southern Realty (615) 465-3700
- Source: Nashville (RealTracs Mid) MLS-TN | MLS#: 3542967
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1983
HOA Fees
-
Finished Area
1,612 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3542967
MLS Status
Active
Days on Market
11
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Flooring
Laminate
Cooling
Wall/window Unit(s)
Sewer
Public Sewer
Heating
Baseboard
Construction
Year Built
Year Built: 1983
Home type
Multi Family
Construction Materials
Brick, Frame
Roof
Shingle
Utilities & Energy
Water Source
Public
Parking Features
Asphalt, Driveway
Laundry Features
Individual, Electric Dryer Hookup, Washer Hookup
Utilities
Water Available
Other Features
Subdivision Name
Bailey
Tenant Pays
Cable Tv, Electricity, Trash Collection, Water
Price History
| Date | Event | Price |
|---|---|---|
09/07/2026 Source: | Listed for Sale | $390,000 $242/sqft |
04/12/2026 Source: | Off Market | $390,000 $242/sqft |
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Based on information from Realtracs® through Sep 19, 2026, 03:31AM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.
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