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1745 Carolina Avenue, Cleveland, TN 37311

$479,000
  • 1745 Carolina Avenue, Cleveland, TN 37311 Main Photo

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Contingent
BEDS0 BATHS SQUARE FEET2,280 MLS#1528460
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCraigmiles Park Addn

Property Description

Buyer to verify square footage and school zones.Pre-sale on this FANTASTIC NEW CONSTRUCTION opportunity!! Located in the heart of Cleveland, Tennessee and just a short walk to Lee University, this versatile 3-bedroom, 2-bath duplex offers an exceptional opportunity for both investors and owner-occupants.Each side provides a functional layout ideal for traditional family rentals or high-yield student housing. With its unbeatable proximity to campus, this property is perfectly positioned for rent-by-the-room strategies, creating the potential for significantly higher returns compared to standard long-term leasing.Whether you're targeting steady family tenants or maximizing income with student demand, this duplex delivers flexibility, location, and upside. Walking distance to classes, dining, and local amenities makes it especially attractive to Lee University students, while the neighborhood setting also appeals to small families and professionals. Estimated rent for each side is approximately $1850/month or rent by the room to students at an estimated $1000/month.As an added bonus, seller is roughing in plumbing in the basement so that a THIRD unit can be built out at a later time, making this an effective triplex when you're ready. Value add galore!Highlights:3 bedrooms / 2 bathrooms each sideDuplex configuration with multiple income strategiesWalkable to Lee UniversityStrong rental demand areaIdeal for house hacking, long-term rentals, or student co-living housingExcellent opportunity to increase cash flow through room-by-room leasingBasement with plumbing roughed in to allow for a third unit build out at buyer's convenienceSchedule your showing today and explore the income potential.Note: Images are STOCK/AI generated images. Building will be completed in its likeness. This is a new construction duplex with estimated completion date of July 2026

1745 Carolina Avenue | MLS# 1528460

This multi-family property located at 1745 Carolina Avenue, Cleveland, TN 37311 is currently listed for sale with an asking price of $479,000. Search Cleveland real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.17 Acres
Taxes: $81

Units

Unit Type 1:
Bedrooms: 3
Bathroom(s): 2.0
Rent: $1850.00
Square Footage: 1140
Unit Type 2:
Bedrooms: 3
Bathroom(s): 2.0
Rent: $1850.00
Square Footage: 1140

Feature Descriptions

Appliances: Dishwasher, Microwave, Oven
Days on Site: 30
Exterior: HardiPlank Type
Flooring: Luxury Vinyl
Interior Amenities: Kitchen Island
Laundry: Laundry Closet, Laundry Room
Parcel #: 050i J 02500 000
Parking: Off Street, On Street
Tenant Pays: All Utilities
Utilities: Electricity Connected, Sewer Connected, Sewer Not Available, Water Connected

Local Schools

High School: Cleveland High
Middle School: Cleveland Middle
Elementary School: Mayfield Elementary

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Phone: 423-664-1600

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CARMLS

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Estimated Payment

$ 1,212.50 per month $1,066.05 Principal & Interest $6.75 Property Tax $139.71 Homeowner's Insurance

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