Rainbow Terrace Real Estate

Welcome to Rainbow Terrace, a vibrant and inviting subdivision nestled in the heart of Madison, Tennessee, within Davidson County. This charming community is a hidden gem, offering residents a perfect blend of suburban tranquility and easy access to the bustling city life of Nashville, just a short drive away.

Rainbow Terrace is characterized by its picturesque tree-lined streets and beautifully maintained homes, each with its unique charm and character. The neighborhood boasts a warm and welcoming atmosphere, where neighbors become friends and community spirit thrives. Families will appreciate the nearby parks and recreational areas, providing ample opportunities for outdoor activities, picnics, and leisurely strolls.

One of the standout features of Rainbow Terrace is its proximity to essential amenities. Residents enjoy easy access to a variety of shopping centers, restaurants, and entertainment options, ensuring that everything you need is just around the corner. The local schools are highly regarded, making this subdivision an ideal choice for families seeking quality education for their children.

For those who enjoy the arts, music, and cultural experiences, downtown Nashville is only a short drive away, offering world-class attractions and events. Whether you're exploring the vibrant nightlife or indulging in the rich culinary scene, Madison provides the perfect balance of suburban living with urban convenience.

Discover the charm of Rainbow Terrace, where community, comfort, and convenience come together to create a wonderful place to call home. Experience the warmth of this delightful subdivision and envision your future in this thriving Madison neighborhood!

Newest Listings in Rainbow Terrace

$279,900

3 Beds ⋅ 1 Baths ⋅ 3309054 MLS ⋅ ACTIVE Status ⋅ 0.2 Acres ⋅ 37115 Zip Code

A fantastic opportunity for a first-time buyer looking to make Madison home or an investor searching for their next property. Priced at $279,900, this charming three-bedroom cottage offers nearly 1,500 square feet in a fantastic neighborhood surrounded by continued growth and development. Hardwood floors run throughout much of the home, with great natural light and plenty of the character that makes these classic Madison cottages so appealing. The home is turnkey and ready to enjoy as it sits, while still offering plenty of opportunity to add your own style and take it to the next level over time. Whether you’re looking for an approachable entry point into the Nashville market, a home you can make your own, or an investment in one of the city’s evolving neighborhoods, this one offers a hard-to-find combination of space, character, location, and potential, all for under $300,000

644 Carmel Ave, Madison

$475,000

3 Beds ⋅ 2 Baths ⋅ 3263439 MLS ⋅ ACTIVE Status ⋅ 1.51 Acres ⋅ 37115 Zip Code

**OPEN HOUSE, Saturday, 8/1, 2pm-4pm** Completely reimagined from the studs out, this stunning home is essentially brand new! Every major component has been replaced, including the roof, siding, HVAC, plumbing, electrical, windows, drywall, flooring, and appliances—offering the peace of mind of new construction with the charm of an established setting. Step inside to discover LVP flooring throughout with no carpet, creating a stylish and seamless look. The kitchen features leathered granite countertops, a tile backsplash, and brand-new stainless steel appliances. The spacious primary suite offers a private retreat with a gorgeous tiled shower, oversized soaking tub, and generous walk-in closet. Situated on just over 1.5 acres, this property delivers the perfect blend of privacy, room to roam, and everyday convenience. Enjoy peaceful country living while remaining just a short drive from Nashville for an easy commute. Plus, take advantage of up to $4,500 in preferred lender incentives—making this incredible home an even better value!

305 Randy Rd, Madison

$625,000

3 Beds ⋅ 2 Baths ⋅ 3248993 MLS ⋅ ACTIVE Status ⋅ 0.25 Acres ⋅ 37115 Zip Code

Welcome to 644 Cheryl Ave, a beautifully maintained single-level home built in 2018 and tucked away on a spacious quarter-acre lot in Madison. Offering 3 bedrooms, 2 full baths, and 1,905 square feet of thoughtfully designed living space, this home combines modern convenience with comfortable living. The open-concept layout features a spacious living area that flows seamlessly into the kitchen and dining space, creating the perfect setting for everyday living and entertaining. The kitchen is equipped with stainless steel appliances, ample cabinetry, and generous prep space. The private primary suite offers a relaxing retreat with double vanities and a walk-in shower, while the secondary bedrooms feature oversized closets and plenty of room to spread out. Enjoy morning coffee or unwind in the evenings on the inviting front porch or back deck overlooking the large backyard. With bamboo/cork and tile flooring, a convenient driveway, no HOA, and easy access to Nashville, shopping, dining, and local amenities, this move-in-ready home is one you won't want to miss.

644 Cheryl Ave, Madison

$384,900

3232179 MLS ⋅ ACTIVE Status ⋅ 37115 Zip Code

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 positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.

705 Neelys Bend Rd, Madison

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.