Welcome to 116 Margaret Street, a versatile duplex located on a cul-de-sac in the vibrant community of Madison, TN. This two-unit 1,572-square-foot property presents a unique opportunity for savvy investors or those seeking a house-hacking strategy by living in one unit and renting the other. With two bedrooms and one bath on each side, this home offers ample space and flexibility. Outside, a generous driveway provides plenty of parking space for each side. Madison's ongoing revitalization, highlighted by the groundbreaking of Madison Station later this year, positions this property as an attractive investment. Secure your piece of Madison now, while prices remain accessible, and watch as the surrounding area flourishes with new developments and community improvements. Don't miss out on this prime opportunity to own a property with endless potential. Multiple offers received.
Closed
$285,000
116 Margaret St, Madison, TN 37115
4beds
2baths
1,572sqft
Multi Family
Built in 1959
-- sqft lot
$283,000 Zestimate®
$181/sqft
$1,872 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 20, 2025 at 01:19pm
Listing Provided by:
Rachael Kimbler 615-481-1206,
Compass RE
Bought with:
Miguel Calvo, 288788
The Realty Association
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2787825
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Radiant
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Wood, Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,572
- Total interior livable area: 1,572 sqft
- Finished area above ground: 1,572
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Gravel
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.34 Acres
- Dimensions: 100 x 150
Details
- Parcel number: 05201016100
- Zoning: RS5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Metal
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Madison
- Subdivision: B H & M Franklin
HOA & financial
Other financial information
- Total actual rent: 0
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Estimated market value
$283,000