Karla Frieson
Compass RE
(629) 213-3092
76 Total Sales
1 in Heron Walk
$280,000 Price
206A E Palestine Ave Madison, TN 37115
Heron Walk Neighborhood
--
Bed
--
Bath
1,612
Sq Ft
1983
Built
Highlights
- City View
- No HOA
- Baseboard Heating
About This Home
As of August 2026Public 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
Last Agent to Sell the Property
Coldwell Banker Southern Realty Brokerage Phone: 6159471188 License #376759 Listed on: 04/12/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,522
Year Built
- Built in 1983
Lot Details
- Lot Dimensions are 50 x 169
Parking
- Driveway
Home Design
- Duplex
- Brick Exterior Construction
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,612 Sq Ft Home
- Property has 2 Levels
- Laminate Flooring
- City Views
- Washer and Electric Dryer Hookup
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
- Total Actual Rent $2,600
- Assessor Parcel Number 05108020400
Community Details
Overview
- No Home Owners Association
- 2 Units
- Bailey Subdivision
Building Details
- Operating Expense $29,530
- Gross Income $163,260
- Net Operating Income $133,730
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 9, 2011
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Outstanding Balance
$128,788
Interest Rate
4.06%
Mortgage Type
Seller Take Back
Estimated Equity
$249,261
Purchase Details
Closed on
Jan 8, 2009
Sold by
Bought by
Purchase Details
Closed on
Apr 10, 2008
Sold by
Bought by
Purchase Details
Closed on
Jul 26, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,530
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,375
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Heron Walk, TN
-
Karla Frieson
-
Jennifer Tieche
Jennifer Tieche
simpliHOM
(615) 265-6264
27 Total Sales
1 in Heron Walk
$399,900 Price
-
Lisa Seiner
Lisa Seiner
Reliant Realty ERA Powered
(615) 645-1396
56 Total Sales
3 in Heron Walk
$245,000 Price Range
-
Martha Montiel-Lewis
Martha Montiel-Lewis
Compass RE
(931) 293-9844
116 Total Sales
1 in Heron Walk
$330,000 Price
-
DeAnna Dodd
DeAnna Dodd
Capital Real Estate Services
(615) 864-9428
69 Total Sales
1 in Heron Walk
$310,000 Price
-
Jessica Torres
Jessica Torres
Zeitlin Sotheby's International Realty
(615) 488-7441
138 Total Sales
1 in Heron Walk
$385,000 Price
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 |
|---|---|---|---|
| Warranty Deed | $259,000 | Grissim Title & Escrow Llc | |
| Trustee Deed | $99,450 | None Available | |
| Special Warranty Deed | $55,000 | Multiple | |
| Warranty Deed | $125,530 | Grissim Title & Escrow Llc | |
| Deed | $80,500 | Grissim Title & Escrow Llc |
Source: Public Records
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 | $194,250 | Seller Take Back | |
| Previous Owner | $125,530 | Purchase Money Mortgage | |
| Previous Owner | $60,375 | Adjustable Rate Mortgage/ARM |
Source: Public Records
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 |
|---|---|---|---|---|
| 08/24/2026 08/24/26 | Sold | $350,000 | -10.3% | $217 / Sq Ft |
| 04/12/2026 04/12/26 | For Sale | $390,000 | -- | $242 / Sq Ft |
Source: Realtracs
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 | $3,370 | $119,760 | $36,000 | $83,760 |
| 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 | $1,565 | $39,880 | $6,400 | $33,480 |
| 2015 | $1,565 | $39,880 | $6,400 | $33,480 |
| 2014 | $1,565 | $39,880 | $6,400 | $33,480 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Klem
Seller's Agent in 2026
Edward Klem
Coldwell Banker Southern Realty
(615) 947-1188
5 in this area
22 Total Sales
-
Nathan Fay
Buyer's Agent in 2026
Nathan Fay
Arrow Property Management
(615) 305-7356
5 in this area
19 Total Sales
Map
Source: Realtracs
MLS Number: 3173337
APN: 051-08-0-206
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.
Based on information submitted to the MLS GRID
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