Dual-Zoned Residential Income
111 Old 25th Street NE Cleveland, TN 37311
For Sale
$299,000
COMMERCIAL - Cleveland, TN
Property Size1,404 SF
Lot Size0.23 Acres
Price / SF$212.96
Days on Market24
Property Features for 111 Old 25th Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Multi Use
Interior features
Primary Downstairs
Exterior features
Rain Gutters
Appliances
Dishwasher, Electric Range, Refrigerator
Standard status
Active
APN
050a L 011.00
Size
1,404 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
1578
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1944
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 473-9545
Listed By:
Cindy Chase · License #282144
(423) 595-1308
Added: Jul 7
Changed: Jul 8
Last Checked: Jul 30 at 2:06AM
MLS# 20263529
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This dual-zoned residential income property is a move-in-ready 2-bedroom, 1-bath home. The listing notes it is suitable for use under both HC Commercial and Residential zoning classifications, providing flexibility for an owner-operator or investor seeking a straightforward residential setup.
Located at 111 Old 25th Street NE in Cleveland, Tennessee, the property sits on a 0.23-acre lot. Zoning is identified as Multi Use, with the additional detail that it includes both HC Commercial and Residential. The total building size is listed as 1,404 square feet.
For tenants or buyers looking for an immediately rentable residence, the existing 2-bedroom, 1-bath configuration supports a simple living arrangement without requiring stated upgrades or renovations. Because the property is described as dual zoned, it may also appeal to those evaluating options that align with both commercial and residential zoning categories, subject to applicable requirements for the intended use.
Located at 111 Old 25th Street NE in Cleveland, Tennessee, the property sits on a 0.23-acre lot. Zoning is identified as Multi Use, with the additional detail that it includes both HC Commercial and Residential. The total building size is listed as 1,404 square feet.
For tenants or buyers looking for an immediately rentable residence, the existing 2-bedroom, 1-bath configuration supports a simple living arrangement without requiring stated upgrades or renovations. Because the property is described as dual zoned, it may also appeal to those evaluating options that align with both commercial and residential zoning categories, subject to applicable requirements for the intended use.
Key Highlights
- Dual‑zoned property with HC Commercial and Residential uses
- 2‑bedroom, 1‑bath layout
- Move‑in ready for rental or investor use
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $14.40 |
| − Vacancy | −$1.2k | −$0.88 |
| EGI | $19.0k | $13.52 |
| − OpEx | −$8.5k | −$6.08 |
| NOI | $10.4k | $7.44 |
1,404 SF · lease $14.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.2K
$130.5K – $174.0K
NOI $10,441 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.6K
$257.8K – $343.7K
NOI $20,622 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - A move-in-ready 2-bedroom, 1-bath home suited for rental use with both commercial and residential zoning.
Where is this single family property located?
The property is located at 111 Old 25th Street NE Cleveland, TN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Dual‑zoned property with HC Commercial and Residential uses; 2‑bedroom, 1‑bath layout; Move‑in ready for rental or investor use
