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New Construction Duplex Near University
For Sale
$479,000
Pending

1745 Carolina Avenue NE, Cleveland, TN 37311

MULTI_FAMILY - Cleveland, TN

Property Size1,140 SF
Days on Market167

Property Features for 1745 Carolina Avenue NE

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1
Parking features On Street, Off Street
Interior features Kitchen Island
Appliances Washer, Dishwasher, Electric Oven, Microwave
Subdivision Craigmiles Park Place
Lot features Level, Level
Elementary school Mayfield
Middle school Cleveland
High school Cleveland
Directions .
Standard status Pending
APN 050i J 02500 000
Size 1,140 SF

Taxes and HOA fees

Tax Annual Amount 82

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 2025
Floors in Building 2
Number of units 2
Building materials HardiPlank Type
Listing Agency: Keller Williams Realty - Chattanooga - Lee Hwy
Listed By: Gina Shumway · License #373412
Added: Feb 19 Changed: Jul 28 Last Checked: Aug 5 at 12:06AM
MLS# 20260809

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 new construction duplex is located in Cleveland, Tennessee, within walking distance of Lee University. Each side of the duplex features 3 bedrooms and 2 bathrooms, offering a functional layout suitable for traditional family rentals or student housing. The property's location near the university makes it attractive to students, while the neighborhood setting also appeals to small families and professionals. The property offers multiple income strategies, including long-term rentals or student co-living housing. Plumbing is roughed in the basement to allow for a third unit to be built out at a later time. The estimated completion date is July 2026. The property size is 1140 square feet.

Key Highlights

  • Under construction 2025 duplex offering two 3‑bedroom, 2‑bath units
  • Estimated completion date of July 2026
  • Basement has plumbing roughed in to support building a third unit later

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 - New construction duplex near Lee University with income potential.
Where is this duplex located?
The property is located at 1745 Carolina Avenue 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: Under construction 2025 duplex offering two 3‑bedroom, 2‑bath units; Estimated completion date of July 2026; Basement has plumbing roughed in to support building a third unit later
More about this property
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