$634,000
UNDER CONTRACT $165K PRICE DROP

Estimated payment $3,803/month

Total Views 4,650
8 Beds
2 Baths
3,700 Sq Ft
$171 Price per Sq Ft

Highlights

  • No HOA
  • Carpet
  • Heating Available
  • Cooling System Mounted To A Wall/Window

About This Home

OPEN HOUSES WED Oct 15, 1 to 3pm and THURS OCT 16, 9 to 11 am. Please come at one of these times. 6 unit stand alone multifamily building in the heart of Madison close to Gallatin Rd, bus stops, grocery stores, gas stations, new local coffee shop, Pizza place and a developing thriving community. SHORT TERM RENTAL elligible. Permit to be obtained from Metro Nashville. All info to be verified. This apartment stays rented. There are 4 units with 2 bedroom 1 bath and 2 studio units with 1. BRAND NEW ROOF, SIDING AND GUTTERS.
bathroom. Every unit is renovated except one. The building has recently been renovated and painted. No owner financing.Rental income $5400 a month.

Listing Agent

Robyn Morshead

WEICHERT, REALTORS - The Andrews Group Brokerage Phone: 6156680169 License # 304582 Listed on: 03/22/2025

WEICHERT, REALTORS - The Andrews Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,896

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 100 x 112

Home Design

  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,700 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Driveway

Schools

  • Stratton Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Rent includes water
  • Assessor Parcel Number 04313024900

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Madison Realty Subdivision

Building Details

  • Gross Income $5,245
  • Net Operating Income $5,245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,896

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1970
  • Inclusions: Appliances
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: Existing
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Total Bedrooms: 8
  • Above Grade Finished Sq Ft: 3700
  • Building Area Units: Square Feet
  • Living Area: 3700
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No
  • Open Parking Spaces: 6
  • Parking Features: Asphalt
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: OR20
  • Lot Size: 100 X 112
  • Lot Size Units: Acres
  • Parcel #: 04313024900
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Water
  • HOA Rent Includes: Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 5245
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 5245
  • Number Of Units Total: 6
  • Total Actual Rent: 3085

Tax Info

  • Tax Annual Amount: 5896

MLS Schools

  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison Middle

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 Price Changed $634,000 -0.2% $171 / Sq Ft
09/30/2025 09/30/25 Price Changed $635,000 -4.5% $172 / Sq Ft
09/15/2025 09/15/25 Price Changed $665,000 -1.5% $180 / Sq Ft
08/14/2025 08/14/25 Price Changed $675,000 -2.9% $182 / Sq Ft
07/30/2025 07/30/25 Price Changed $695,000 -12.6% $188 / Sq Ft
07/30/2025 07/30/25 Price Changed $795,000 +12.0% $215 / Sq Ft
07/15/2025 07/15/25 Price Changed $710,000 -2.1% $192 / Sq Ft
06/17/2025 06/17/25 Price Changed $724,900 -3.2% $196 / Sq Ft
06/10/2025 06/10/25 For Sale $749,000 0.0% $202 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
05/22/2025 05/22/25 Price Changed $749,000 -5.7% $202 / Sq Ft
04/28/2025 04/28/25 Price Changed $794,000 -0.6% $215 / Sq Ft
03/22/2025 03/22/25 For Sale $799,000 0.0% $216 / Sq Ft
06/14/2016 06/14/16 Off Market $295,000 -- --
06/07/2016 06/07/16 For Rent $295,000 -- --
07/05/2014 07/05/14 Rented -- -- --
Source: Realtracs

Source: Realtracs

MLS Number: 2807751

Realtracs