10-Unit Renovated Apartment
For Sale
$1,950,000
206 East Palestine Avenue, Madison, TN 37115
Three-building multifamily asset with updated units, individual utility meters, covered outdoor areas, and in-unit laundry hookups.
Property Size1,615 SF
Price / SF$1,207
Days on Market143
Property Features for 206 East Palestine Avenue
General Information
Standard status
Active
Size
1,615 SF
Property subtype
Commercial Sale / Mixed Use
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
10
Amenities
covered porch
outside deck
wood burning fireplace
inside laundry hookups
separate utility meters
No Dock
Building Details
Year Built
1983
Buildings
3
Listing Agency:
Coldwell Banker Southern Realty
(615) 947-1188
Listed By:
Edward Klem · License #376759
(615) 947-1188
Source:
Compass
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Southern Realty
Investment Insights
Based on property information with market context.
This multifamily property contains 10 units across three buildings, with four units in each of two buildings and two units in the third. The units have been renovated, and the buildings received new roofs recently. Individual utility meters serve each unit, while interiors include wood-burning fireplaces, spacious kitchens, and laundry hookups. First-floor residences offer covered porches, and second-floor residences have outdoor decks. On-site parking and yard space are also provided.
The property is located at 206 East Palestine Avenue in Madison, approximately 7 miles from downtown Nashville and near Vanderbilt Medical. Five separate property IDs provide the option to sell individual duplexes in the future. Two units are approved through the VA/VASH housing program, and a new shopping center is planned for Madison.
The property is located at 206 East Palestine Avenue in Madison, approximately 7 miles from downtown Nashville and near Vanderbilt Medical. Five separate property IDs provide the option to sell individual duplexes in the future. Two units are approved through the VA/VASH housing program, and a new shopping center is planned for Madison.
Key Highlights
- 10 units distributed across 3 buildings: 4 units in each of two buildings and 2 units in the third
- Renovated units with new roofs completed recently
- Separate utility meters for each unit
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily asset with updated units, individual utility meters, covered outdoor areas, and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 206 East Palestine Avenue Madison, TN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10 units distributed across 3 buildings: 4 units in each of two buildings and 2 units in the third; Renovated units with new roofs completed recently; Separate utility meters for each unit
