Active · MLS#: RTC3542967
$390,000
208A E Palestine Ave
Madison, TN 37115
About this home
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. Separate water and sewer meters help simplify management by allowing tenants to be responsible for their individual usage. The location adds even more value—less than eight miles from downtown Nashville and only minutes from the Grand Ole Opry, Opry Mills, shopping, dining and major commuter routes. Madison is also experiencing significant new investment, including the planned Madison Station mixed-use development featuring new residences, retail, office space, childcare and community gathering areas. Whether you are expanding an established portfolio or purchasing your first multifamily property, this duplex combines updated interiors, desirable individual-unit features, separate utilities and a convenient Nashville-area location. Opportunities offering this combination of price, income and long-term neighborhood potential are increasingly difficult to find. Buyer and buyer’s agent to verify all property information, rents, expenses, measurements, development plans and other information deemed important.
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Property facts
- Units
- 2 units
- Square feet
- 1,612
- Lot acres
- —
- Year built
- 1983
- Garage spaces
- —
- Property type
- Residential Income
- County
- Davidson County, TN
Location
Homes nearby
Listed by Coldwell Banker Southern Realty · MLS#: RTC3542967 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 9/7/2026, 9:21:00 AM CT. 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. IDX information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
