206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
206A E Palestine Ave, Madison, TN 37115
See all 12 photos
Listed by Edward Klem • Coldwell Banker Southern Realty
Bought with Nathan Fay

$350,000

$390,000

10.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,612 SqFt


SOLD DATE : 08/24/2026

Key Details

Sold Price $350,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,612 sqft

Price per Sqft $217

Subdivision Bailey

MLS Listing ID 3173337

Sold Date 08/24/26

HOA Y/N No

Year Built 1983

Annual Tax Amount $3,522

Lot Dimensions 50 X 169

Property Description

Public Remarks: 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. Price is per each duplex! Package includes 200A-B, 202A-B, 204 A-B, 208 A-B units.

Please see other MLS numbers to include 202, 204, 206 adn 208 E Palestine. Other property ids include 051-08-0-204.00, 051-08-0-205.00, 051-08-0-206.00 and 051-08-0-207.00

Location

State TN

County Davidson County

Zoning Multi

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace N

Exterior

Utilities Available Water Available

View Y/N true

View City

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

New Construction false

Schools

Elementary Schools Stratton Elementary

Middle Schools Madison Middle

High Schools Hunters Lane Comp High School

Others

Senior Community false

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Superior Realty & Management

Superior Realty & Management

+1(615) 450-1819

Our team is ready to help you sell your home for the highest possible price ASAP


RealTracs IDX
Superior Realty & Management
Superior Realty & Management

Office Administrator | License ID: 266844

+1(615) 450-1819 | info@superiorrealtymgmt.com

GET MORE INFORMATION

Name
Phone*
Message

I agree to receive communications via text message from Superior Realty & Management regarding real estate services, property updates, or other related matters, and consent to receive updates via text message. You may opt out at any time by replying 'STOP' or request more information by replying 'HELP.' Message frequency may vary. Message and data rates may apply. You can review our Privacy Policy to learn how your data is used.