206a E Palestine Ave, Madison, Tennessee 37115

TN, Madison
$1,950,000
  • Active Status
  • 5 Dayz On Cribz Total Days
  • Commercial Sale Property Type
  • 1615 Total Sqft $1,207/sqft
  • 0.2 Acres Lot/Land Size
  • 1983 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property Description

This once in a lifetime offerings is for 10 units covering over 3 buildings. All units are currently rented and have been renovated. Also new roofs recently done and each unit has separate utility meters to lower owner cost. Super upside exists to increase rents plus 2 units currently approved via VA/VASH housing program increasing rents to $1550.00. Excellent location with close proximity to major highways, approximately 7 miles to downtown Nashville, Vanderbilt Medical and so much more. New shopping center coming to Madison as well. First floor residents have covered porch while second floor residents have outside deck. Plenty of parking and exception yard space as well. Make up each building will be 4 per building and 2 units in one other building. Each unit has wood burning fireplace, spacious kitchen and inside laundry hookups, also a very rare feature for units in the area. 5 seperate property id’s means you can sell of each duplex if desired at a later time but this property is generating excellent returns with only more to come in the future.

Property Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • MLS #: 3173164
  • Price: $1,950,000
  • Year Built: 1983
  • Lot Area: 0.20 Acre
  • Office Name: Coldwell Banker Southern Realty
  • Agent Name: Edward Klem
  • Property Sub Type: Mixed Use
  • Listing Status: Active
Location Info
  • Street Number: 206A
  • Street: E Palestine Ave
  • City Madison
  • State TN
  • Zipcode 37115
  • County Davidson County, TN
  • Longitude: W87° 17' 6.7''
  • Latitude: N36° 14' 53.8''
  • Zoning: RES
  • Directions: Briley Parkway to Gallatin Pike S. Right to E Palestine.
Additional Info
  • Building Size: 1,615 Sqft
  • On Market Date: April 11th, 2026
  • Previous Price: $1,950,000
Listing Data
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Apr 13th, 2026 @ 10:51pm
  • Status Change Timestamp: Apr 11th, 2026 @ 4:42pm
mls grid

MLS Source Origin Disclaimer

The data relating to real estate for sale on this website appears in part through an MLS API system, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Cribz participates, and is provided by local multiple listing services through a licensing agreement. The originating system name of the MLS provider is shown in the listing information on each listing page. Real estate listings held by brokerage firms other than Cribz contain detailed information about them, including the name of the listing brokers. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cribz shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless.

IDX information is provided exclusively for consumers’ personal non-commercial use, 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, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.

Based on information submitted to the MLS GRID. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to the contact page of this website.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number, and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Back to top