Renovated Duplex with Income
1117/1119 Village Court Cleveland, TN 37312
1117/1119 Village Court, Cleveland, TN, 37312
$395,000
For Sale
$395,000
MULTI_FAMILY - Cleveland, TN
Property Size2,035 SF
Price / SF$194.10
Days on Market129
Property Features for 1117/1119 Village Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
- Patio and Porch features
- Deck
- Interior features
- Walk-In Closet(s), Smart Thermostat, High Speed Internet, Granite Counters
- Appliances
- Washer, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Refrigerator
- Standard status
- Active
- APN
- 050g H 02000 000
- Size
- 2,035 SF
Taxes and HOA fees
- Tax Annual Amount
- 2941
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick Veneer, Vinyl Siding
- Roof type
- Metal
Listing agency
Epique Realty
(888) 893-3537
Listed by
Susana Alsina · License #360572
(423) 381-7655
Added: Mar 17 Updated: Jul 18 at 10:19PM Checked: Jul 23 at 4:06AM
MLS# 20261444
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 renovated luxury duplex offers comfort and investment opportunity. Each side features 2 bedrooms and 2 full bathrooms, with each bedroom having a private en suite. The property includes bright, open living rooms. Each modern kitchen is equipped with stainless steel appliances and granite countertops. A newly built deck and shed provide outdoor space and storage. With one unit already tenant-occupied, this property offers immediate income potential. The property is located in Cleveland, TN, in Bradley County. The property size is 2035 square feet.
Key Highlights
- 1999‑built brick veneer duplex with vinyl siding and metal roof
- Each side offers 2 bedrooms and 2 full bathrooms
- Each bedroom includes an en suite bathroom
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 | $26.4k | $12.96 |
| − Vacancy | −$1.5k | −$0.75 |
| EGI | $24.8k | $12.21 |
| − OpEx | −$7.5k | −$3.66 |
| NOI | $17.4k | $8.55 |
2,035 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.5K
$217.4K – $289.9K
NOI $17,393 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.2K
NOI $15,134 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$427.0K
$373.6K – $498.2K
NOI $29,890 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Luxury duplex featuring modern amenities and immediate income potential.
Where is this duplex located?
The property is located at 1117/1119 Village Court Cleveland, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1999‑built brick veneer duplex with vinyl siding and metal roof; Each side offers 2 bedrooms and 2 full bathrooms; Each bedroom includes an en suite bathroom
