Cleveland Multifamily Property For
2530-2560 NE N Ocoee Street NE Cleveland, TN 37312
2530-2560 NE N Ocoee Street NE, Cleveland, TN, 37312
$550,000
Pending
For Sale
$550,000
Pending
MULTI_FAMILY - Ranch - Cleveland, TN
Property Size4,400 SF
Days on Market113
Property Features for 2530-2560 NE N Ocoee Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
- Parking
- 8
- Parking features
- Driveway
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Eat-in Kitchen, Double Closets
- Exterior features
- Rain Gutters
- Basement
- Crawl Space
- Appliances
- Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- Standard status
- Pending
- APN
- 050a-L-001 & 017
- Size
- 4,400 SF
Taxes and HOA fees
- Tax Annual Amount
- 5047
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Ceiling
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Vinyl, Tile, Laminate
- Building materials
- Stucco, Wood Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agency
KW Cleveland
(423) 303-1200
Listed by
Robert Praytor · License #211511
(423) 504-1268
Added: Apr 1 Updated: Jun 1 at 5:01PM Checked: Jul 22 at 5:06PM
MLS# 20261681
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 property features two duplexes situated on two parcels, zoned for commercial use. Each unit includes 2 bedrooms, 1 bathroom, large rooms, a kitchen/dining area, and a large utility room. Carports are located to the rear of the units. The property is located in an excellent rental area and offers lots of potential. The property size is 4400 square feet.
Key Highlights
- Two duplexes on two parcels zoned commercial (CH)
- Each unit has 2 bedrooms and 1 bathroom
- Excellent rental area
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 | $57.0k | $12.96 |
| − Vacancy | −$3.3k | −$0.75 |
| EGI | $53.7k | $12.21 |
| − OpEx | −$16.1k | −$3.66 |
| NOI | $37.6k | $8.55 |
4,400 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.1K – $626.8K
NOI $37,606 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$467.5K
$409.0K – $545.4K
NOI $32,722 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$923.2K
$807.8K – $1.08M
NOI $64,627 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two duplexes on two parcels, commercially zoned in Cleveland, TN.
Where is this duplex located?
The property is located at 2530-2560 NE N Ocoee Street NE Cleveland, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two duplexes on two parcels zoned commercial (CH); Each unit has 2 bedrooms and 1 bathroom; Excellent rental area
