705 Neelys Bend Rd, Madison, TN 37115

$384,900
1,612
SqFt

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List Price
$384,900
Status
ACTIVE
Days on Market
54
Price Change
▼ $14,100 1783380834
MLS#
3232179
Subtype
Residential Income
Year Built
1982
Living Area
1,612
Subdivision
Rainbow Terrace

Property Description

Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.

Additional Information

Zoning
Rs10
Exterior Construction
Brick, Vinyl Siding
Stories
2
Elementary School
Stratton Elementary
Middle School
Madison Middle
High School
Hunters Lane Comp High School

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Calculator source: Real Geeks

Listing courtesy of Synergy Realty Network, LLC.

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