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705 Neelys Bend RdMadison, TN 37115

Rainbow Terrace · Davidson County

$374,900List price
1,612Sq Ft
1982Year built
2Stories
3 months agoOn market

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.

Property Information

Property type
Residential Income
Sub-type
Duplex
Structure type
Duplex
Year built
1982
Stories
2
Living area
1,612 Sq Ft
Lot dimensions
50 X 200
Zoning
Rs10
Days on market
116
MLS® Listing#
3232179

Property Features

Cooling
Wall/Window Unit(s)
Heating
Baseboard
Flooring
Carpet · Laminate
Laundry
Electric Dryer Hookup · Washer Hookup
Construction
Brick · Vinyl Siding
Utilities
Water Available
Sewer
Public Sewer
Water source
Public

Schools

Elementary
Stratton Elementary
Middle
Madison Middle
High
Hunters Lane Comp High School

Financial Details

HOA
None
Annual taxes
$3,497
Parcel number
05202019200

Directions

From downtown Nashville: Take I-65 N to Briley Parkway East/TN-155 E. Continue to Gallatin Pike/Madison exit and turn left onto Gallatin Pike. Continue north, then turn right onto Neelys Bend Rd. Property will be on the right at 705-707 Neelys

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Listing Courtesy: Synergy Realty Network, LLC - 6153640977

Based on information submitted to the MLS GRID as of 2026-05-21 . 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.

Last Updated: 2026-05-21

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  • Craig Jones

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