202A E  Palestine Ave, Madison, TN 37115
Property image
Property image
UNDER CONTRACT

202A E Palestine Ave
Madison, TN 37115

Heron Walk
  • 4 Beds
  • 2 Baths
  • 1,612 sqft

$390,000

Est. Mortgage $2,053/mo*

$390,000

Est. Mortgage $2,053/mo*
4 Beds
2 Baths
1,612 sqft

Local Information

  • Map ViewExplore the area around 202A E Palestine Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
4 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$242
Listed
99 days ago

Home Details for 202A E Palestine Ave

Active Status

MLS Status: Under Contract - Showing

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2
Dimensions and Layout
Living Area: 1612 Square Feet
Appliances & Utilities
Utilities: Water AvailableLaundry: Individual,Electric Dryer Hookup,Washer Hookup
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Baseboard
Windows, Doors, Floors & Walls
Flooring: Laminate
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Laminate
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleNo Private Pool
Parking & Garage
Open Parking Spaces: 4No GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: Asphalt
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1612 Square Feet

Days on Market

Days on Market: 99

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Brick, FrameNot a New ConstructionAttached To Another Structure
Property Information
Included in Sale: No FurnishingParcel Number: 05108020300

Price & Status

Price
List Price: $390,000Price Per Sqft: $242
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: MadisonCommunity: Bailey
School Information
Elementary School: Stratton ElementaryJr High / Middle School: Madison MiddleHigh School: Hunters Lane Comp High School

Agent Information

Listing Agent
Listing ID: 3173152

Building

Building Area
Building Area: 1612 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 7644 sqft

Listing Info

Special Conditions: Standard

Offer

Contingencies: Inspection

Business

Expense
Tenant Pays: Electricity, Water

Miscellaneous

Mls Number: 3173152Zillow Contingency Status: Under ContractAttribution Contact: 6159471188Above Grade Unfinished Area: 1612
Last check for updates: about 24 hours ago
Listing Provided by: Edward Klem, (615) 947-1188
Coldwell Banker Southern Realty, (615) 465-3700
Source: RealTracs MLS as distributed by MLS GRID, MLS#3173152

Market trends in Nashville

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$458K
$15.33K
MoM
Sale-to-List Price
98.6%
0.4%
MoM
Price per sq ft
$275
$4
MoM
Available listings
4648
107
MoM

Price History for 202A E Palestine Ave

DatePriceEventSource
07/06/2026$390,000ContingentRealTracs MLS as distributed by MLS GRID #3173152
04/11/2026$390,000Listed For SaleRealTracs MLS as distributed by MLS GRID #3173152

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Comparable Sales for 202A E Palestine Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.30
Multi-Family Home
$255,000
09/25/25
4
2
1,575
0.83
Multi-Family Home
$326,000
07/08/26
4
2
1,550
0.60
Multi-Family Home
$365,000
04/14/26
8
2
1,888
0.74
Multi-Family Home
$600,000
01/08/26
8
2
3,700
2.01
Multi-Family Home
$315,000
07/10/26
4
2
1,550
2.28
Multi-Family Home
$399,000
03/17/26
4
2
1,526

Nearby homes

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Assigned Schools

These are the assigned schools for 202A E Palestine Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Heron Walk

At least 37 Trulia users voted on each feature.
  • 79 % Say yards are well-kept

  • 78 % Say car is needed

  • 71 % Say parking is easy

  • 68 % Say it's dog friendly

  • 60 % Say kids play outside

  • 56 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 48 % Say there's wildlife

  • 48 % Say there's holiday spirit

  • 47 % Say neighbors are friendly

  • 38 % Say it's walkable to grocery stores

  • 37 % Say people would walk alone at night

  • 33 % Say streets are well-lit

  • 27 % Say there are sidewalks

  • 26 % Say it's walkable to restaurants

  • 17 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • J Proctor
    "I walk my dog whenever I can. I see a couple others do the same as. Not as much attention is paid when ever I’m looking for my cats."
  • Trulia User
    " very good area, quiet and peaceful. Good schools and plenty of grocery walking distance. Nice close to everything "
  • Lashia P.
    "Over all the neighborhood is pretty good although it’s very dark at night which can be a little scary at times "
  • Trulia User
    "I walk my dogs at different times of the day and I do not have to worry about excessive traffic or unleashed dogs. "
  • Carey W.
    "There are not many sidewalks but the neighborhood is diverse and everyone seems to keep an eye out for each other. There don’t seem to be a too many young kids around but I see more people walking with strollers on the weekends recently."
  • Audrey V.
    "Just peaceful and quiet. I feel safe and neighbors all come together when needed. Happy happy joy joy I live in a great neighborhood. Come visit us."
  • Makeusing
    "Location is close to shopping and my job. I will be moving soon but not because I don’t like the area. "
  • Patra n.
    "Fire department, Transportation , Nashville Public Library, Walgreens, Krogers, Aldi's, car wash, firestone, Beauty supply stores, laundry mat's & US post office are near. This is very important to a person with disabilities like myself."
  • Deborah
    "It may not be walking distance, but everything is at a decent distance - location is perfect distant enough to Nashville, close enough to Nashville! "
  • Torrie W.
    "It's mostly quiet and the neighbors are nice. It's also close and convenient to shopping, fuel, post office and restaurants. "
  • Leslie R.
    "It is centrally located to Downtown Nashville. 20 minutes to the airport. Near freeways "
  • jo
    "Convenient to all amenities & interstates. 17 mins from downtown. "

LGBTQ Local Legal Protections

Edward Klem, Coldwell Banker Southern Realty, (615) 465-3700
Agent Phone: (615) 947-1188
Based on information submitted to the MLS GRID as of 2026-07-19 01:48:05 PDT. 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. Click here for more information
202A E Palestine Ave, Madison, TN 37115 is a 4 bedroom, 2 bathroom, 1,612 sqft multi-family built in 1983. 202A E Palestine Ave is located in Heron Walk, Madison. This property is currently available for sale and was listed by RealTracs MLS as distributed by MLS GRID on Apr 11, 2026. The MLS # for this home is MLS# 3173152.