Renovated Two-Unit
For Sale
$395,000
11171119 Village Ct, Cleveland, TN 37312
Both residences feature en suite bedrooms, updated kitchens, and open living areas.
Property Size2,035 SF
Price / SF$194.10
Days on Market89
Property Features for 11171119 Village Ct
General Information
Standard status
Active
Size
2,035 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
deck
shed
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Epique Realty
Listed By:
Susana Alsina · License #360572
(423) 381-7655
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 16 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Realty
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Investment Insights
Based on property information with market context.
This renovated duplex offers 2,035 square feet across two residential units, with each side arranged as a two-bedroom, two-bath residence. Every bedroom includes a private en suite bathroom, while the open living rooms provide flexible space for daily use or entertaining. Each kitchen is equipped with stainless steel appliances and granite countertops.
A newly constructed deck and shed provide additional outdoor and storage space. One unit is currently tenant occupied, and the property was built in 1999. The duplex is located at 11171-1119 Village Ct in Cleveland, Tennessee.
A newly constructed deck and shed provide additional outdoor and storage space. One unit is currently tenant occupied, and the property was built in 1999. The duplex is located at 11171-1119 Village Ct in Cleveland, Tennessee.
Key Highlights
- 2,035‑square‑foot duplex with two residential units
- Each unit has 2 bedrooms and 2 full bathrooms
- Private en suite bathroom accompanies every bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,393
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,860
$347.9K
Cap Rate 7%
$248,471
$248.5K
Cap Rate 9%
$193,256
$193.3K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$26.4K $12.96/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$24.8K $12.21/SF
− OpEx
−$7.5K −$3.66/SF
NOI
$17.4K $8.55/SF
Area
Bradley County, TN
Vacancy
5.79%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,860
Cap Rate 7%
$248,471
Cap Rate 9%
$193,256
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature en suite bedrooms, updated kitchens, and open living areas.
Where is this duplex located?
The property is located at 11171119 Village Ct 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: 2,035‑square‑foot duplex with two residential units; Each unit has 2 bedrooms and 2 full bathrooms; Private en suite bathroom accompanies every bedroom
