206A E Palestine Ave, Madison, TN 37115

• 1,612 sqft

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

Listing Status:

Active

Date Added:

April 12, 2026

Data Last Updated:

May 9, 2026 at 8:20PM

Listing Office:

Coldwell Banker Southern Realty : 6159471188

Listing Agent:

Edward Klem : 6159471188

MLS ID:

3173337

Interior

• Laundry: IndividualElectric Dryer HookupWasher Hookup
• Flooring: Laminate
• A/C: Wall/Window Unit(s)
• Heating: Baseboard

Exterior

• Parking: AsphaltDrivewayParking spaces: 0

Construction

• Roofing: Shingle
• General: One

Location

• Originating MLS: realtrac
• County: Davidson CountyTN

Lot

• Zoning: Multi05108020400
• View: CityView

Utilities

• Utilities: Water Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: realtrac