Rainbow Terrace Real Estate

Welcome to Rainbow Terrace, a vibrant and welcoming subdivision nestled in the heart of Madison, Tennessee, within Davidson County. This charming community is a hidden gem that perfectly blends suburban tranquility with easy access to urban amenities, making it an ideal place for families, professionals, and retirees alike.

Rainbow Terrace boasts an array of beautifully designed homes, each reflecting a unique character and charm. The tree-lined streets are perfect for evening strolls, and the well-maintained yards create a picturesque setting that residents are proud to call home. With a strong sense of community, neighbors often gather for seasonal events, fostering friendships that last a lifetime.

Conveniently located, Rainbow Terrace offers easy access to major highways, ensuring that downtown Nashville is just a short drive away. Residents can enjoy the vibrant cultural scene, exceptional dining options, and numerous entertainment venues that Nashville has to offer. Closer to home, Madison provides a variety of local shops, parks, and schools, making it a family-friendly environment.

Nature enthusiasts will appreciate the nearby parks and recreational areas, perfect for weekend picnics or morning jogs. Additionally, the proximity to the Cumberland River offers opportunities for fishing, kayaking, and enjoying the great outdoors.

If you’re seeking a community that combines the warmth of small-town living with the convenience of city life, Rainbow Terrace in Madison, TN, is the perfect place to call home. Discover the charm of this delightful subdivision and experience the vibrant lifestyle that awaits you!

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

$265,000

3 Beds ⋅ 2 Baths ⋅ 3278592 MLS ⋅ ACTIVE Status ⋅ 0.22 Acres ⋅ 37115 Zip Code

Full of potential and ready for its next chapter! This 3-bedroom, 2-bath Madison home is a great opportunity for buyers looking to add their own style and make a home truly their own. With a functional floor plan, spacious living areas, plenty of natural light, and a large backyard, there is lots of room to bring your ideas to life. The home needs some TLC and updating, but with the right improvements, it could be a wonderful place to call home. Conveniently located near shopping, dining, parks, major interstates, and downtown Nashville.

411 Lanier Dr, Madison

$475,000

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

Completely renovated from the studs out, this like-new home sits on just over 1.5 acres offering plenty of room to enjoy with an easy commute to Nashville. Extensive updates include a new roof, siding, HVAC, plumbing, electrical, windows, drywall, flooring, appliances, and more. Inside, enjoy LVP flooring throughout (no carpet), a beautifully updated kitchen with leathered granite countertops, tile backsplash, and new stainless steel appliances. The spacious primary suite features a tiled shower, soaking tub, and oversized walk-in closet. Conveniently located near shopping and dining. Preferred lender incentives available with up to $4,500 toward buyer costs.

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.