705 Neelys Bend Rd, Madison TN 37115
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 posi
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Madison
This property is offered at $233 per square foot, compared with a $209 median for active listings without a reported bedroom count in Madison. Its asking price falls near the 55th percentile of that active group. The comparison uses 47 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 77 days, while the current cohort averages 93 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $140,000, and the median is $133 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 704 McCarley Ave | Jun 18, 2026 | 3 bd · 1,187 sqft | $289,900 | 0.2 mi |
| 411 Lanier Dr | Aug 18, 2026 | 3 bd · 1,224 sqft | $200,000 | 0.3 mi |
| 361 Lanier Dr | Jul 31, 2026 | 2 bd · 756 sqft | $239,900 | 0.3 mi |
| 323 Forest Park Rd | Aug 7, 2026 | 2 bd · 1,050 sqft | $115,000 | 0.4 mi |
| 323 Forest Park Rd | Sep 8, 2026 | 2 bd · 1,050 sqft | $140,000 | 0.4 mi |
| 323 Forest Park Rd | Sep 8, 2026 | 2 bd · 1,050 sqft | $140,000 | 0.4 mi |
| 323 Forest Park Rd | Sep 25, 2026 | 2 bd · 1,050 sqft | $79,000 | 0.4 mi |
| 323 Forest Park Rd | Jul 15, 2026 | 2 bd · 1,050 sqft | $129,000 | 0.4 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $384,900 · Active
- $374,900 · Active
- $374,900 · Active
Location reference points
How this address sits within the Madison area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- I-24 at Manchester62.5 miles straight-line · roughly 112 driving minutes
- Downtown Manchester63.3 miles straight-line · roughly 113 driving minutes
- Arnold Air Force Base68.7 miles straight-line · roughly 123 driving minutes
Continue comparing
Similar active homes in Madison
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Madison homes for sale · See the Madison market report