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New Construction Duplex with Basement
For Sale
$479,000

1745 Carolina Ave Ne, Cleveland, TN 37311

Two three-bedroom residences near Lee University, with basement plumbing roughed in for a possible future third unit.

Property Size1,140 SF
Price / SF$420.18
Days on Market201

Property Features for 1745 Carolina Ave Ne

General Information

Standard status Active
Size 1,140 SF
Property subtype Residential Income

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $81

Building Details

Buildings 1
Listing Agency: Keller Williams Realty
Listed By: Gina Shumway · License #TN373412
Source: Exprealty
Added: Feb 13 Changed: Aug 23 Last Checked: Sep 2 at 2:32AM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

Planned new construction duplex with two separate residences, each offering 3 bedrooms and 2 bathrooms. The property is designed for flexible occupancy, with layouts that can accommodate conventional residential leasing or student-oriented arrangements. Plumbing is being roughed into the basement, creating the possibility of developing a third unit in the future, subject to buyer verification and applicable approvals.

The property is located at 1745 Carolina Ave NE in Cleveland, Tennessee, within walking distance of Lee University, dining, classes, and local amenities. Estimated completion is July 2026. Images provided for the project are stock or AI-generated, and buyers should independently verify square footage and school-zone information.

Key Highlights

  • New construction duplex with 3 bedrooms and 2 bathrooms per side
  • Within walking distance of Lee University in Cleveland, Tennessee
  • Basement plumbing roughed in for potential third‑unit build‑out

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Furniture & Home Goods Garden Center HVAC Service (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

366
Businesses Nearby

Demographics for 37311, TN

29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom residences near Lee University, with basement plumbing roughed in for a possible future third unit.
Where is this duplex located?
The property is located at 1745 Carolina Ave Ne Cleveland, TN.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: New construction duplex with 3 bedrooms and 2 bathrooms per side; Within walking distance of Lee University in Cleveland, Tennessee; Basement plumbing roughed in for potential third‑unit build‑out
More about this property
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