Duplex with Screened
For Sale
$329,900
Pending
3178 Vista Dr NW, Cleveland, TN 37312
The property includes screened outdoor space, carports, and yard areas.
Property Size1,700 SF
Days on Market29
Property Features for 3178 Vista Dr NW
General Information
Standard status
Pending
Size
1,700 SF
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
Needs minor updates
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
screened porch
carports
custom storage shed
Building Details
Year Built
1988
Listing Agency:
Bender Realty LLC
(423) 472-2173
Listed By:
Kelli R Paul · License #254520
(423) 280-8072
Source:
Movehomenashville
Added: Oct 3
Changed: Oct 30
Last Checked: Oct 30 at 1:47AM
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 Bender Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1988, this 1,700-square-foot duplex has two residential units, screened porch space, carports, and yard areas. Unit A is owner-occupied; Unit B has a long-term tenant. Unit A includes gas HVAC, a hot water heater, and a washer and dryer that will remain. A custom storage shed assigned to Unit A is also included, and the roof is approximately 4 years old.
Key Highlights
- 1,700‑square‑foot duplex built in 1988
- Screened porch, carports, and yards
- Unit A has gas HVAC, a hot water heater, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,529
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,580
$290.6K
Cap Rate 7%
$207,557
$207.6K
Cap Rate 9%
$161,433
$161.4K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$22.0K $12.96/SF
− Vacancy
−$1.3K −$0.75/SF
EGI
$20.8K $12.21/SF
− OpEx
−$6.2K −$3.66/SF
NOI
$14.5K $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%
$290,580
Cap Rate 7%
$207,557
Cap Rate 9%
$161,433
Alternative Uses
Best Use
Multifamily LT 5
$207.6K
$181.6K – $242.2K
NOI $14,529 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,643 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$356.7K
$312.1K – $416.2K
NOI $24,970 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
785
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes screened outdoor space, carports, and yard areas.
Where is this duplex located?
The property is located at 3178 Vista Dr NW Cleveland, TN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,700‑square‑foot duplex built in 1988; Screened porch, carports, and yards; Unit A has gas HVAC, a hot water heater, and washer and dryer
