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
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
Estimated Payment
$ 1,212.50 per month $1,066.05 Principal & Interest $6.75 Property Tax $139.71 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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.