Three-Unit Brick
2609 Campbell Bridge Road NW Cleveland, TN 37312
2609 Campbell Bridge Road NW, Cleveland, TN, 37312
$360,000
For Sale
$360,000
MULTI_FAMILY - Ranch - Cleveland, TN
Property Size1,925 SF
Lot Size0.50 Acres
Price / SF$187.01
Days on Market21
Property Features for 2609 Campbell Bridge Road NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Interior features
- Primary Downstairs, Laminate Counters, High Speed Internet, Granite Counters, Eat-in Kitchen, Ceiling Fan(s)
- Exterior features
- Rain Gutters
- Appliances
- Electric Range, Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 033j B 00600 000
- Size
- 1,925 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3060
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Cooling system
- Varies by Unit, Multi Units, Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency
RE/MAX Experience
(423) 790-3086
4035 Keith St NW STE A, Cleveland, TN
Listed by
Kristi Mayeux · License #357241
(423) 503-5465
Added: Jun 29 Checked: Jul 19 at 8:06 am
MLS# 20263398
Listing URL
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 all-brick triplex offers three rental units designed for practical day-to-day occupancy. The property sits on a flat half-acre lot with plenty of parking for each unit. Each unit includes one large bedroom and one full bathroom, along with an eat-in kitchen and a living room. One of the end units also includes an attached one-car garage with extra-long and deep dimensions. The interior was updated approximately three years ago, including a new roof, gutters, LVP flooring, fresh paint, and other cosmetic interior improvements.
The asset is located in North Cleveland, Tennessee in Bradley County, at 2609 Campbell Bridge Road NW. Current tenants are in place and the property is described as 100% occupied, with tenants on month-to-month leases.
For investors, this configuration supports straightforward income-generating use as a triplex with low-maintenance exterior and relatively recent updates. For an owner-occupant, the month-to-month setup provides flexibility to continue renting all units or occupy one unit while renting the remaining two.
The asset is located in North Cleveland, Tennessee in Bradley County, at 2609 Campbell Bridge Road NW. Current tenants are in place and the property is described as 100% occupied, with tenants on month-to-month leases.
For investors, this configuration supports straightforward income-generating use as a triplex with low-maintenance exterior and relatively recent updates. For an owner-occupant, the month-to-month setup provides flexibility to continue renting all units or occupy one unit while renting the remaining two.
Key Highlights
- Triplex built in 1988 with all‑brick exterior and shingle roof
- Total monthly rent is $2,700 with potential for future rent increases; cap rate exceeds 7%
- 100% occupancy with long‑term tenants in place; tenants currently on month‑to‑month leases
Local Financial Insights For Multifamily LT 5
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 | $24.9k | $12.96 |
| − Vacancy | −$1.4k | −$0.75 |
| EGI | $23.5k | $12.21 |
| − OpEx | −$7.1k | −$3.66 |
| NOI | $16.5k | $8.55 |
1,925 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.0K
$205.7K – $274.2K
NOI $16,452 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$204.5K
$179.0K – $238.6K
NOI $14,316 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$403.9K
$353.4K – $471.2K
NOI $28,274 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated triplex with separate living spaces, flat lot, and ample parking, offering straightforward rental use for investors or owner-operators.
Where is this triplex located?
The property is located at 2609 Campbell Bridge Road NW Cleveland, TN.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Triplex built in 1988 with all‑brick exterior and shingle roof; Total monthly rent is $2,700 with potential for future rent increases; cap rate exceeds 7%; 100% occupancy with long‑term tenants in place; tenants currently on month‑to‑month leases
