Property details
Description of 232 Cumberland Ave, Madison, TN 37115
Triplex in a great location in the heart of Madison! Unit 1 is 3 bedrooms, 1 bath, and is leased. Unit 2 is 1 bedrooms, 1 bath, and is currently leased. Unit 3 is 1 bedroom, 1 bath, and is currently leased.The property is being sold as-is. This is a great opportunity for an investment property. The three units are all rented, and this provides a great source of income for possible investors!
Listing updated:
Zoned schools: Amqui K-8 School, Neely's Bend Middle, Hunters Lane Comp High School (verify current zoning with the district).
Triplex in a great location in the heart of Madison! Unit 1 is 3 bedrooms, 1 bath, and is leased. Unit 2 is 1 bedrooms, 1 bath, and is currently leased. Unit 3 is 1 bedroom, 1 bath, and is currently leased.The property is being sold as-is. This is a great opportunity for an investment property. The three units are all rented, and this provides a great source of income for possible investors!
| LAST UPDATED | 6/1/2026 | TRACT | Woodlawn Estates |
|---|---|---|---|
| YEAR BUILT | 1946 | COUNTY | Davidson |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Amqui K-8 School |
|---|---|
| Jr. High School | Neely's Bend Middle |
| High School | Hunters Lane Comp High School |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range, Refrigerator |
| BASEMENT | None |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Natural Gas, Other |
| LOT | 0.49 acre(s) |
| LOT DIMENSIONS | 126 X 165 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Woodlawn Estates |
| TAXES | 4895 |
| UTILITIES | Natural Gas Available, Water Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties marked with the MTRMLS approved logo are provided courtesy of the RealTracs Internet Data Exchange Program
Copyright 2026 MTRMLS, Inc.
Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this home
232 Cumberland Ave, Madison, TN 37115 is a 5-bedroom, 3-bath home in Madison, TN 37115, offered at $430,000, about $196/sq ft across 2,196 sq ft.
Bedroom count: this home is listed in the MLS structured data as 5 bedrooms, while the listing remarks describe a 3-bedroom layout. We report the structured MLS count (5); confirm the configuration that matters to you.
At $196/sq ft, this home is about 28% below the Woodlawn Estates median list price per square foot of $274.
Recently sold at Woodlawn Estates: 12 comparable homes from $272,000 to $387,930, a median of $260/sq ft; this listing at $196/sq ft is about 24% below recent sold prices.
All-in, about $3,013/mo at 10% down (6.54% 30-yr).
At the current 6.54% 30-year rate, principal and interest on this home runs about $2,455/mo; at the 6.25% rate of about three months ago it would be roughly $2,382/mo; monthly P&I is about $73 higher now.
Beyond principal and interest, the recurring carrying costs on this home (property tax (about $408/mo) and insurance (about $151/mo)) run about $558/mo, roughly 19% of the all-in monthly payment.
How is it priced in Madison?
| Active listings | 147 |
|---|---|
| Median list price | $416,500 |
| Median $/sqft (list) | $274 |
As of (147 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
How this home compares in Woodlawn Estates
Its $196/sq ft places it above about 10% of the 123 active homes in Woodlawn Estates on a per-square-foot basis.
On a per-square-foot basis, Woodlawn Estates runs roughly 23% above the Madison 37115 area.
Computed by Grant Hammond from 123 active Woodlawn Estates comparables (RealTracs via IDX), refreshed weekly. Analysis, not an appraisal.
Davidson County home prices by school zone
Closed single-family sales, trailing 24 monthsHomes zoned to Hunters Lane High closed at a median of $390,000 ($233/sq ft) over the past 24 months, across 1,158 single-family sales. That is 9th price per square foot of Davidson County's 12 high-school zones, 12% below the $265/sq ft countywide median.
RealTracs closed single-family sales, trailing 24 months, grouped by high-school attendance zone. Assignment depends on the exact address and can change; verify with the district before making an offer. Analysis by Grant Hammond, data via RealTracs (IDX).
Financing 232 Cumberland Ave, Madison
The estimated monthly payment for 232 Cumberland Ave, Madison is about $3,013: a conforming 30-year mortgage at 6.535% with 10% down, including property tax, insurance. Estimate only; not a loan offer or appraisal.
- Principal & interest: $2,455
- Property tax: $408
- Insurance (est.): $151
- Income to qualify: $129,147
- Cash to close: $55,900
- Equity at yr 5: $67,580
30- vs 15-year fixed, monthly. Source: Freddie Mac & Optimal Blue via FRED, updated 2026-07-15.
Property tax is the actual annual amount reported on the listing for this property, not a list-price estimate. Insurance/PMI are estimates; rate is editable. Estimate only; not a loan offer.
Frequently asked questions
How much does 232 Cumberland Ave cost?
232 Cumberland Ave is listed at $430,000, about $196 per square foot across 2,196 square feet (as of 06-01-2026).
What is the price per square foot for 232 Cumberland Ave?
232 Cumberland Ave is priced at $196 per square foot, 2,196 square feet at $430,000 (as of 06-01-2026).
Does 232 Cumberland Ave have an HOA?
No. 232 Cumberland Ave has no HOA dues, per the listing (as of 06-01-2026).
How big is the lot for 232 Cumberland Ave?
232 Cumberland Ave sits on a 0.49-acre lot, measuring approximately 126 X 165 (per the listing).
Does 232 Cumberland Ave have a basement?
No. 232 Cumberland Ave has no basement, per the listing.
When was 232 Cumberland Ave built?
232 Cumberland Ave was built in 1946.
What are the property taxes on 232 Cumberland Ave?
The annual property tax reported for 232 Cumberland Ave is about $4,895 (as reported on the listing, as of 06-01-2026).
What is the estimated monthly payment for 232 Cumberland Ave?
About $3,013 per month at 6.535% on a 30-year loan with 10% down, including the actual property tax and an insurance estimate. Estimate only, not a loan offer.
What schools serve 232 Cumberland Ave?
232 Cumberland Ave is zoned for Amqui K-8 School, Neely's Bend Middle, Hunters Lane Comp High School, per the listing. Verify current enrollment and zoning with the district.
Similar listings at Woodlawn Estates
Explore Madison real estate
Homes for sale by city
Market and guidance
Market guidance by Grant Hammond, Compass RE, with 25+ years and $1B+ in Middle Tennessee sales.
