705 Neelys Bend Rd, Madison, TN 37115
- $384,900
- 1,612
- SqFt
- List Price
- $384,900
- Price Change
- ▼ $14,100 1783380834
- MLS#
- 3232179
- Days on Market
- 49
- Property Type
- Multifamily
- Sqft. of Residence
- 1,612
- County
- Davidson County
- Status
- ACTIVE
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.
/u.realgeeks.media/larsonjamesrealestate/images/square-property-details-photo.jpg)
Additional Information
- Construction Type
- Brick, Vinyl Siding
- Cooling System
- Wall/Window Unit(s)
- Elementary School
- Stratton Elementary
- Floor Types
- Carpet, Laminate
- Heating System
- Baseboard
- High School
- Hunters Lane Comp High School
- Junior High School
- Madison Middle
- Laundry
- Individual, Electric Dryer Hookup, Washer Hookup
- Living Area
- 1,612
- Lot Dimensions
- 50 X 200
- Number Of Stories
- 2
- Sewer System
- Public Sewer
- Subdivision
- Rainbow Terrace
- Tax Amount
- $3,497
- Water Source
- Public
- Year Built
- 1982
- Zoning
- Rs10
- Type
- Multifamily
Mortgage Calculator
Listing courtesy of Synergy Realty Network, LLC.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.