541 20th St NW Cleveland, TN $ 699,900
541 20th St NW
$ 699,900
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541 20th St NW

Cleveland, TN, 37311
$ 699,900
Bedrooms8 Baths6.0 Sq 3,852

Monthly Estimate*

$ 4,834

541 20th St NW, Cleveland, TN 37311 - Image 1
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Multi-Family Home for sale in Cleveland, TN

for $699,900 with 8 bedrooms and 6 full baths. This 3,852 square foot home was built in 1989.

INVESTMENT OPPORTUNITY! WELL-MAINTAINED FOUR-PLEX NEAR LEE UNIVERSITY! Looking for an opportunity to expand your rental portfolio? This well-maintained four-plex offers an excellent opportunity for investors seeking income-producing property in a convenient location! The property features four individual units, including two end units with 2 bedrooms and 2 baths each, and two middle units with 2 bedrooms and 1 bath each. All four units offer individual washer and dryer hookups, providing added convenience and appeal for tenants. Conveniently located just off Keith Street and within walking distance of Lee University, this property offers easy access to shopping, dining, schools, and other local amenities. Whether you're an experienced investor looking to grow your portfolio or entering the rental market, this four-plex offers versatility, convenience, and income-producing potential. Four units, one investment, and an opportunity to build for the future!

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Multi-Family Active

Price

$ 699,900

Bedrooms

8

Full Bath

6

Property Type

Multi-Family

Taxes

$ 3,867

Style

Quadruplex

Year Built

1989

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

3623868

Features
General
Living Area 3852
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Zoning R-3
Garage Spaces 0
Construction Materials Brick Vinyl Siding
Year Built 1989
Tenant Pays Cable TV Electricity Water
Stories Count 2
Levels Two
Gross Income 51000
County Bradley County TN
Net Operating Income 45000
Operating Expense 6000
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Cannon & Willis Prop
Garage Y/N N
Rent Includes None
Status Active
Buyer Financing Conventional
Directions N on Keith Street right on 20th St unit on right
High School Cleveland High
City Cleveland
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Elementary School Arnold Memorial Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 3867
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Total Actual Rent 4250
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Interior
Flooring Carpet Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 3852
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 0
Inclusions Appliances
Building Area Total 3852
Lot Dimensions 124 x 100
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 541
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* Excluded Features
List By
Compass Group Realty Llc

Broker

homeseller01@aol.com

Email

Affordability Calculator

$5,156
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,834
Monthly Property Taxes
$322
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
5234497 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$699,900 Listed Price

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541 20th St NW, Cleveland, TN, 37311 is a Multi-Family Home for sale at $699,900 with 3,852 sqft. 541 20th St NW has 8 bedrooms, 6.0 baths, and was built in 1989. The property's zip code is 37311 which is in Cleveland, TN