2861 Michigan Ave Road NE Cleveland, TN $ 899,900
2861 Michigan Ave Road NE
$ 899,900
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2861 Michigan Ave Road NE

Cleveland, TN, 37323
$ 899,900
Baths2.1 Sq 4,948

Monthly Estimate*

$ 5,682

2861 Michigan Ave Road NE, Cleveland, TN 37323 - Image 1
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Studio

Multi-Family Home for sale in Cleveland, TN

for $899,900 with 2 full baths, 1 half bath. This 4,948 square foot home was built in 1997.

Excellent investment opportunity to own a fully tenant-occupied 5-unit townhouse property in a desirable, high-demand location. Each spacious unit features 2 bedrooms and 1.5 bathrooms with a functional townhouse-style layout that offers comfortable living and strong tenant appeal. With all five units currently occupied, this turnkey property provides immediate rental income and has a strong rental history. Conveniently located near shopping, restaurants, schools, and other everyday amenities, the property is well positioned for continued rental demand and long-term investment potential. Partial owner financing is available, offering qualified buyers additional flexibility when structuring the purchase. Don't miss this opportunity to add a stable, income-producing multifamily property with an established tenant base to your investment portfolio. Financial information is available upon request.

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Multi-Family Active

Price

$ 899,900

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 1,392

Style

Other

Year Built

1997

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

20264175

Features
General
Living Area 4948
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Sewer Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Shingle
Appliances Dishwasher Electric Range Refrigerator
Patio/Porch Features Deck
Architectural Style Other
Construction Materials Brick Veneer Vinyl Siding
Year Built 1997
Tenant Pays All Utilities
Levels Two
Property Subtype Quadruplex
Community Features None
County Bradley
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Garage Y/N false
Full Baths 2
Status Active
Directions From I-75 take Paul huff parkway all the way to Stuart Rd and continue all the way to Michigan Avenue. Take a right onto Michigan Avenue and the property is on the right.
High School Cleveland
City Cleveland
Number Of Units Total 5
Carport Y/N false
Listing Terms Cash Conventional Owner May Carry
Elementary School Mayfield
Tax Annual Amount 1392.94
Middle/Junior High School Cleveland
Property Condition Functional
Structure Type Townhouse Multi Family
Standard Status Active
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Interior
Interior Amenities Open Floorplan
Basement Crawl Space
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Half Baths 1
Laundry Features Laundry Closet
Total Baths 0
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Exterior
Exterior Amenities None
Fencing None
Parking Features Concrete
Lot Features Cleared
Water Source Public
Foundation Details Block
Road Frontage Type City Street
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* Excluded Features
List By
Sommer Oder

Listing Agent

Re/Max Experience

Broker

sommeroder@gmail.com

Email

Affordability Calculator

$5,798
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,682
Monthly Property Taxes
$116
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1963260 Elementary School
4785214 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
8/12/2026$899,900 Listed Price

Map


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2861 Michigan Ave Road NE, Cleveland, TN, 37323 is a Multi-Family Home for sale at $899,900 with 4,948 sqft. 2861 Michigan Ave Road NE is a studio with 2.1 baths and was built in 1997. The property's zip code is 37323 which is in Cleveland, TN