REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Stephen Gillean

stephengillean@simplihom.com +1(615) 414-6759

Listed by Tyler C. King • Synergy Realty Network, LLC

$ 374,900

Est. payment -/mo

Save

Active

705 Neelys Bend Rd Madison, TN 37115

1,612 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,612 sqft

Price per Sqft $232

Subdivision Rainbow Terrace

MLS Listing ID 3232179

HOA Y/N No

Year Built 1982

Annual Tax Amount $3,497

Lot Dimensions 50 X 200

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.

Location

State TN

County Davidson County

Zoning Rs10

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Vinyl Siding

New Construction false

Schools

Elementary Schools Stratton Elementary

Middle Schools Madison Middle

High Schools Hunters Lane Comp High School

Others

Senior Community false

Special Listing Condition Standard

Nearby Locations

ABOUT US

Our Story

From Humble Beginnings to a Nationwide Movement

At simpliHŌM, we know firsthand that real estate is about more than houses — it’s about people, families, and the places they call home. Our journey didn’t begin in a boardroom or with limitless resources. It began with adversity.

Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

Our Mission: Making Real Estate Simple

We believe real estate should be transparent, efficient, and personal. At simpliHŌM, relationships are at the heart of every transaction. Our mission is to remove the unnecessary complexity and stress, creating a seamless experience for clients and empowering agents to thrive.

Innovative Technology Meets Human

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(615) 414-6759

stephengillean@simplihom.com