Here's an enticing opportunity to invest in a well-maintained duplex conveniently situated just minutes away from the picturesque Tennessee Mountains. Built in 2009 and equipped with public utilities, each side of this duplex features 2 bedrooms and includes a garage, providing ample space and convenience. The property comes complete with all appliances, ensuring immediate functionality for tenants or new owners. Nestled in the scenic town of Madisonville, Monroe County, Tennessee, this duplex offers both a peaceful residential environment and potential as an income-generating investment. Its location between Chattanooga and Knoxville enhances its appeal, providing easy access to major cities and amenities while enjoying the serene beauty of the surrounding mountains. Whether you're looking for a profitable rental property or a home with additional rental income potential, this duplex presents a compelling opportunity in a highly desirable location.
The median home value in Madisonville, TN is $291,800. This is higher than the county median home value of $222,200. The national median home value is $338,100. The average price of homes sold in Madisonville, TN is $291,800. Approximately 52.92% of Madisonville homes are owned, compared to 36.06% rented, while 11.03% are vacant. Madisonville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Madisonville real estate agent to arrange a tour today!
Madisonville, Tennessee has a population of 5,059. Madisonville is more family-centric than the surrounding county with 26.89% of the households containing married families with children. The county average for households married with children is 25.26%.
The median household income in Madisonville, Tennessee is $33,835. The median household income for the surrounding county is $48,488 compared to the national median of $69,021. The median age of people living in Madisonville is 44.1 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 26.8 degrees. The average rainfall is approximately 54.2 inches per year, with 4.5 inches of snow per year.