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208A E Palestine Ave, 
Madison, TN 37115

$390,000


Bed


Bath


1,612

Sq Ft


Multi-Family

Active

Listed by

Edward Klem

Coldwell Banker Southern Realty

615-465-3700

Last updated:

September 14, 2026, 02:39 PM

MLS#

3542967

Source:

NASHVILLE

About This Home

208A E Palestine Ave

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.

Home Facts

Multi-Family

Built in 1983

Subdivision & Development:

Bailey

Price Summary

390,000

$241 per Sq. Ft.

MLS #:

3542967

Last Updated:

September 14, 2026, 02:39 PM

Added:

8 day(s) ago


Rooms & Interior

Interior

Living Area:

1,612 Sq. Ft.


Structure

Structure

Building Area:

1,612 Sq. Ft.

Year Built:

1983


Finances & Disclosures

Finances

Price:

$390,000

Price per Sq. Ft:

$241 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.