Rainbow Terrace Real Estate

Welcome to Rainbow Terrace, a hidden gem nestled in the vibrant community of Madison, Tennessee. Situated in Davidson County, this charming subdivision offers a delightful blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and retirees alike.

Rainbow Terrace boasts a variety of well-maintained homes, each exuding its own unique character and charm. The tree-lined streets create a picturesque setting, perfect for evening strolls or morning jogs. Residents enjoy spacious lots, providing ample outdoor space for gardening, play, and relaxation. The community fosters a warm, neighborly atmosphere, where friendships are forged and memories are made.

One of the standout features of Rainbow Terrace is its prime location. Just a short drive from downtown Nashville, you can easily access a myriad of dining, shopping, and entertainment options. Whether you're in the mood for live music, gourmet dining, or exploring local boutiques, the vibrant culture of Music City is right at your fingertips.

Families in Rainbow Terrace will appreciate the proximity to quality schools and parks, ensuring that children have access to excellent educational opportunities and outdoor activities. The nearby Madison Park offers playgrounds, sports facilities, and picnic areas, making it a perfect spot for family outings.

In Rainbow Terrace, you’re not just buying a home; you’re investing in a lifestyle. With its friendly community, beautiful homes, and convenient location, this subdivision truly embodies the best of what Madison, TN has to offer. Come discover the magic of Rainbow Terrace, where your dream home awaits!

Newest Listings in Rainbow Terrace

$475,000

3 Beds ⋅ 2 Baths ⋅ 3541356 MLS ⋅ ACTIVE Status ⋅ 1.51 Acres ⋅ 37115 Zip Code

OPEN HOUSE, Sunday, 9/13, 2pm-4pm! **Motivated Seller!** 1.5 acres and beautifully renovated from the studs out! This move-in-ready home has been completely transformed inside and out, with plenty of space to enjoy and an easy commute to Nashville. Major improvements include a new roof, siding, HVAC, plumbing, electrical, windows, drywall, flooring, appliances, and more. Inside, you’ll find LVP flooring throughout—no carpet—and an updated kitchen with leathered granite countertops, tile backsplash, and stainless appliances. The spacious primary suite is a standout, featuring a tiled shower, soaking tub, and oversized walk-in closet. Conveniently located near shopping, dining, and everyday amenities. Plus, qualified buyers may receive up to $4,500 toward buyer costs when using the preferred lender!

305 Randy Rd, Madison

$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

$374,900

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.