Property summary
This exceptional multifamily property in Cleveland, Tennessee, presents a unique investment opportunity. The property comprises three fully furnished units – a main house, a basement apartment, and a carriage house – currently generating a combined annual net operating income (NOI) of $64,000, representing a 10.94% cap rate. Each unit is approximately 833 square feet, totaling 2,500 square feet on a 7,650 square foot lot. Built in 1935 and extensively renovated in 2021, the property boasts… 100% occupancy as of July 31, 2023, currently operating as a successful short-term rental on Airbnb. The property's commercial zoning allows for flexible use, potentially transitioning to long-term rentals or commercial office space to further increase revenue. Located at 2120 N Ocoee St, Cleveland, TN 37311, this property benefits from its proximity to Lee University, Tennova Healthcare, CHI Memorial Cleveland, and numerous major employers including Amazon, Mars Chocolate, and Whirlpool. The area also offers abundant recreational opportunities, including nearby rivers, state parks, and the attractions of Chattanooga, just 30 minutes away. This turnkey investment offers a strong current income stream with significant upside potential through various operational strategies. The asking price is $585,000, or $195,000 per unit, with a price per square foot of $234. This represents a compelling opportunity for investors seeking a high-yield, versatile property in a thriving Tennessee market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,500 SF
- Year built
- 1935
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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