2-Unit Brick
For Sale
$389,900
632 41st St, Cleveland, TN 37312
Each residence has two bedrooms, one bathroom, and single-level living.
Property Size2,234 SF
Price / SF$174.53
Days on Market8
Property Features for 632 41st St
General Information
Standard status
Active
Size
2,234 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1977
Construction
brick
Listing Agency:
Compass Group Realty LLC
Listed By:
Margie Keller 4232843056 · License #263376
Source:
Smokymountainareahomefinder
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 4:23PM
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 Compass Group Realty LLC
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Investment Insights
Based on property information with market context.
This 2,234-square-foot brick duplex, built in 1977, contains two single-level residences. Each unit has two bedrooms and one bathroom. The level lot includes carport parking at the rear of the property.
The property is just off N. Ocoee Street, near shopping, schools, dining, and everyday services.
The property is just off N. Ocoee Street, near shopping, schools, dining, and everyday services.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,234 square feet; built in 1977
- Brick construction with single‑level residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,093
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,860
$381.9K
Cap Rate 7%
$272,757
$272.8K
Cap Rate 9%
$212,144
$212.1K
Market Conditions
NOI Build-Up for 2,234 SF
Gross rent
$29.0K $12.96/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$27.3K $12.21/SF
− OpEx
−$8.2K −$3.66/SF
NOI
$19.1K $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%
$381,860
Cap Rate 7%
$272,757
Cap Rate 9%
$212,144
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.2K
NOI $19,093 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$237.3K
$207.7K – $276.9K
NOI $16,614 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$468.8K
$410.2K – $546.9K
NOI $32,813 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and single-level living.
Where is this duplex located?
The property is located at 632 41st St Cleveland, TN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,234 square feet; built in 1977; Brick construction with single‑level residences
