Renovated 10-Unit Multifamily
For Sale
$1,950,000
206A E Palestine Ave, Madison, TN 37115
Three buildings provide separate utility metering, resident outdoor space, parking, and interior laundry hookups.
Property Size1,615 SF
Days on Market143
Property Features for 206A E Palestine Ave
General Information
Standard status
Active
Size
1,615 SF
Property subtype
Commercial
Zoning
RES
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
10
Amenities
covered porch
outside deck
wood burning fireplace
spacious kitchen
inside laundry hookups
Building Details
Building Size
1,615 SF
Year Built
1983
Buildings
3
Listing Agency:
Coldwell Banker Southern Realty
(615) 947-1188
Listed By:
Edward Klem
(615) 947-1188
Source:
Firstrealty
Added: Apr 9
Changed: Aug 28
Last Checked: Aug 29 at 10:19AM
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 distributed among 3 buildings, with 4 units in each of two buildings and 2 units in the third. All units are rented and have been renovated. Recent roof work and separate utility meters at each unit are also in place. Individual residences include wood-burning fireplaces, spacious kitchens, and interior laundry hookups, along with covered porches on the first floor and exterior decks on the second floor.
The property is zoned RES and includes parking and a large yard area. Two units have approval through the VA/VASH housing program. The site is approximately 7 miles from downtown Nashville and is near Vanderbilt Medical. Five separate property IDs provide the option to sell the duplex buildings individually at a later time.
The property is zoned RES and includes parking and a large yard area. Two units have approval through the VA/VASH housing program. The site is approximately 7 miles from downtown Nashville and is near Vanderbilt Medical. Five separate property IDs provide the option to sell the duplex buildings individually at a later time.
Key Highlights
- 10 units across 3 buildings: 4 units in each of two buildings and 2 units in a third
- All units are rented and renovated
- New roofs recently completed; each unit has a separate utility meter
Property Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
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?
Multifamily property - Three buildings provide separate utility metering, resident outdoor space, parking, and interior laundry hookups.
Where is this multifamily property located?
The property is located at 206A E Palestine Ave 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 across 3 buildings: 4 units in each of two buildings and 2 units in a third; All units are rented and renovated; New roofs recently completed; each unit has a separate utility meter
