Multi-family Investment property featuring a classic triplex with three spacious 1BR/1BA units, plus a detached 1BR/1BA cottage unit. Located in Madison with easy access to Nashville with nearby shopping and dining in Inglewood, East Nashville and the Rivergate area. 2 laundry locations are set up for tenant use, there are 2 garage bays and plenty of parking. All units are rented with 3 units having tenants that have been there more than 3 years. PLEASE do not disturb tenants or go on the property without an appointment.
Active
$550,000
240 Lanier Dr, Madison, TN 37115
4beds
--baths
2,472sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$222/sqft
$-- HOA
What's special
- 14 days
- on Zillow |
- 221 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 09:11am
Listing Provided by:
Brian Bequette 615-294-6910,
Sneaky Ninja, Inc. 615-294-6910
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2974754

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet
Interior area
- Total structure area: 2,472
- Total interior livable area: 2,472 sqft
- Finished area above ground: 2,112
- Finished area below ground: 360
Property
Parking
- Total spaces: 6
- Parking features: Garage Faces Rear
- Attached garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.29 Acres
- Dimensions: 75 x 166
Details
- Parcel number: 04314008400
- Zoning: multi fam
- Special conditions: Owner Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Madison
HOA
- Has HOA: No
Location
- Region: Madison
Financial & listing details
- Price per square foot: $222/sqft
- Tax assessed value: $340,100
- Annual tax amount: $4,267
- Date on market: 8/15/2025
- Inclusions: Appliances
- Total actual rent: 3735
- Tenant pays: Electricity
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