200A E Palestine Ave Madison, TN 37115
Heron Walk NeighborhoodEstimated payment $2,419/month
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
About This Home
One of 5 duplex units creating 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.
Listing Agent
Coldwell Banker Southern Realty Brokerage Phone: 6159471188 License #376759 Listed on: 04/11/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,522
Year Built
- Built in 1983
Lot Details
- Lot Dimensions are 49 x 156
Home Design
- Duplex
- Brick Exterior Construction
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,612 Sq Ft Home
- Property has 2 Levels
- Laminate Flooring
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Driveway
Schools
- Stratton Elementary School
- Madison Middle School
- Hunters Lane Comp High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 05108020300
Community Details
Overview
- No Home Owners Association
- 2 Units
- Bailey Subdivision
Building Details
- Operating Expense $2,500
- Gross Income $31,200
- Net Operating Income $28,700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,522 | $125,160 | $41,400 | $83,760 |
| 2024 | $2,854 | $87,720 | $18,040 | $69,680 |
| 2023 | $2,854 | $87,720 | $18,040 | $69,680 |
| 2022 | $2,854 | $87,720 | $18,040 | $69,680 |
| 2021 | $2,884 | $87,720 | $18,040 | $69,680 |
| 2020 | $2,237 | $53,000 | $7,200 | $45,800 |
| 2019 | $1,672 | $53,000 | $7,200 | $45,800 |
| 2018 | $1,672 | $53,000 | $7,200 | $45,800 |
| 2017 | $1,672 | $53,000 | $7,200 | $45,800 |
| 2016 | $1,559 | $39,720 | $6,400 | $33,320 |
| 2015 | $1,559 | $39,720 | $6,400 | $33,320 |
| 2014 | $1,559 | $39,720 | $6,400 | $33,320 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/11/2026 04/11/26 | For Sale | $390,000 | -- | $242 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,355,000 | None Available | |
| Warranty Deed | $259,000 | Grissim Title & Escrow Llc | |
| Special Warranty Deed | $55,000 | Multiple | |
| Trustee Deed | $132,868 | None Available | |
| Deed | $80,500 | Grissim Title & Escrow Llc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,057,600 | Commercial | |
| Previous Owner | $194,250 | No Value Available | |
| Previous Owner | $60,375 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Realtracs
MLS Number: RTC3173146
APN: 051-08-0-203
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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. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.