$390,000
4 Beds
2 Baths
1,612 sqft
208A E Palestine Ave, Madison, TN 37115
Est. Mortgage $2,336/mo*
Get Pre-QualifiedWe estimate this home will sell faster than 97% nearby.
Home Highlights
Multi-Family
Built in 1983
$242/sqft
Open Parking
Local Information
- Map ViewExplore the area around 208A E Palestine Ave.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Public Remarks: Excellent opportunity to add a strong income-producing duplex to your investment portfolio in the growing Madison market! Priced at $390,000, this updated property offers two separately metered units, each featuring two bedrooms, one full bath, a fireplace, washer and dryer connections, and refreshed interiors designed for comfortable, low-maintenance living.
Current rents range from approximately $1,350 to $1,550 per unit, providing combined potential gross rental income of $32,400 to $37,200 annually. With reported annual expenses below $7,500, the property offers an attractive income profile with additional upside as area rents continue to strengthen. Separate water and sewer meters help simplify management by allowing tenants to be responsible for their individual usage.
The location adds even more value—less than eight miles from downtown Nashville and only minutes from the Grand Ole Opry, Opry Mills, shopping, dining and major commuter routes. Madison is also experiencing significant new investment, including the planned Madison Station mixed-use development featuring new residences, retail, office space, childcare and community gathering areas.
Whether you are expanding an established portfolio or purchasing your first multifamily property, this duplex combines updated interiors, desirable individual-unit features, separate utilities and a convenient Nashville-area location. Opportunities offering this combination of price, income and long-term neighborhood potential are increasingly difficult to find.
Buyer and buyer’s agent to verify all property information, rents, expenses, measurements, development plans and other information deemed important.
Current rents range from approximately $1,350 to $1,550 per unit, providing combined potential gross rental income of $32,400 to $37,200 annually. With reported annual expenses below $7,500, the property offers an attractive income profile with additional upside as area rents continue to strengthen. Separate water and sewer meters help simplify management by allowing tenants to be responsible for their individual usage.
The location adds even more value—less than eight miles from downtown Nashville and only minutes from the Grand Ole Opry, Opry Mills, shopping, dining and major commuter routes. Madison is also experiencing significant new investment, including the planned Madison Station mixed-use development featuring new residences, retail, office space, childcare and community gathering areas.
Whether you are expanding an established portfolio or purchasing your first multifamily property, this duplex combines updated interiors, desirable individual-unit features, separate utilities and a convenient Nashville-area location. Opportunities offering this combination of price, income and long-term neighborhood potential are increasingly difficult to find.
Buyer and buyer’s agent to verify all property information, rents, expenses, measurements, development plans and other information deemed important.
Last check for updates: about 18 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#3542967
Also Listed on RealTracs MLS as distributed by MLS GRID.
We estimate this home will sell faster than 97% nearby.
Home Details for 208A E Palestine Ave
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MLS Status: Active |
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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 Has a ViewView: City |
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Exterior Home Features Roof: ShingleNo Private Pool |
Parking & Garage No GarageNo Attached GarageHas Open ParkingParking: Asphalt,Driveway |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 1612 Square Feet |
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Days on Market: 11 |
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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: Appliances, NegotiableParcel Number: 05108020400 |
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Price List Price: $390,000Price Per Sqft: $242 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: MadisonCommunity: Bailey |
School Information Elementary School: Stratton ElementaryJr High / Middle School: Madison MiddleHigh School: Hunters Lane Comp High School |
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Listing Agent Listing ID: 3542967 |
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Building Area Building Area: 1612 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 8450 sqft |
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Special Conditions: Standard |
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Expense Tenant Pays: Electricity, Water |
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Mls Number: 3542967Attribution Contact: 6159471188Above Grade Unfinished Area: 1612 |
Around this home
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.
Market trends in Nashville
Last updated August 2026
Avg. sale price
$465K
Sale-to-List Price
98.7%
Price per sq ft
$280
$0MoM
Available listings
4825
125MoM
Home Value
Trulia Estimate
$376KSince last month
Increased$3K (+0.7%)Since last year
Decreased$6K (-1.5%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +62% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $376K |
| June 2026 | $374K |
| May 2026 | $375K |
| April 2026 | $382K |
2023 | |
2022 | |
2021 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.00 | Multi-Family Home | $350,000 | 08/24/26 | 4 | 2 | 1,612 | |
0.01 | Multi-Family Home | $350,000 | 08/20/26 | 4 | 2 | 1,612 | |
0.01 | Multi-Family Home | $350,000 | 08/24/26 | 4 | 2 | 1,612 | |
0.00 | Multi-Family Home | $350,000 | 08/24/26 | 8 | 4 | 1,612 | |
0.29 | Multi-Family Home | $255,000 | 09/25/25 | 4 | 2 | 1,575 | |
0.82 | 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 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.00 | $350,000 | 8 | 4 | 1,612 | Recently Sold | |
0.00 | $350,000 | 4 | 2 | 1,612 | Recently Sold | |
0.01 | $350,000 | 4 | 2 | 1,612 | Recently Sold | |
0.01 | $350,000 | 4 | 2 | 1,612 | Recently Sold | |
0.06 | $449,200 | 3 | 2 | 1,659 | Off Market | |
0.06 | $347,600 | 4 | 2 | 1,612 | Off Market | |
0.07 | $390,000 | 3 | 2 | 1,152 | Off Market | |
0.08 | $208,200 | 2 | 1 | 816 | Off Market | |
0.07 | $340,400 | 4 | 2 | 1,612 | Off Market | |
0.13 | $429,900 | 5 | 2 | 2,101 | For Sale | |
0.09 | $344,900 | 3 | 1 | 1,274 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 7, 2026 Source: RealTracs MLS as distributed by MLS GRID #3542967 | Listed For Sale | $390,000 |
Jul 6, 2026 Source: RealTracs MLS as distributed by MLS GRID #3173338 | ListingRemoved | $390,000 |
Apr 12, 2026 Source: RealTracs MLS as distributed by MLS GRID #3173338 | Listed For Sale | $390,000 |
LGBTQ Local Legal Protections
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 2026-09-17 14:33:20 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
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Frequently asked questions about 208A E Palestine Ave
- What is the estimated monthly payment for 208A E Palestine Ave?Based on a $390,000 list price with 20% down at today's rates, the estimated monthly payment for 208A E Palestine Ave in Madison, TN is approximately $2,367 (about $2,113 principal & interest, $179 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 208A E Palestine Ave compare to homes in Madison?208A E Palestine Ave in Madison, TN is listed at $390,000, about 16% below the $465K median sale price in Madison.
- What do residents say about the Heron Walk neighborhood?Residents describe the Heron Walk neighborhood in Madison, TN as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Heron Walk, Madison.
- What are the closest schools to 208A E Palestine Ave?The closest schools to 208A E Palestine Ave in Madison, TN are Hunters Lane Comp High School (rated 4/10), Madison Middle Prep (rated 4/10), Stratton Elementary School (Pre-K, rated 4/10).
- Does 208A E Palestine Ave have air conditioning?Yes, 208A E Palestine Ave in Madison, TN has air conditioning.
- Does 208A E Palestine Ave have laundry facilities?Yes, 208A E Palestine Ave in Madison, TN has laundry facilities.
208A E Palestine Ave, Madison, TN 37115 is a 4 bedroom, 2 bathroom, 1,612 sqft multi-family built in 1983. 208A 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 Sep 7, 2026. The MLS # for this home is MLS# 3542967.