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  • Price cut: $100K (9/21)
    $799,900

    2861 Michigan Avenue Rd NE, Cleveland, TN 37323

    4beds
    4baths
    4,948sqft
    : 
    $4,823/mo
    Get pre-qualified
    Multi Family
    Built in 1997
    -- sqft lot
    $-- Zestimate®
    $162/sqft
    $-- HOA

    What's special

    Functional townhouse-style layoutSpacious unit
    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.
    44 days
    167
    16

    Zillow last checked:

    Listing updated:

    Listed by:

    Sommer Oder-Bailey 423-790-6592,

    RE/MAX Experience 423-790-3086

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3510679MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Flooring: Laminate
      Interior area
      • Total structure area: 4,948
      • Total interior livable area: 4,948 sqft
      • Finished area above ground: 4,948

      Property

      Parking
      • Parking features: Concrete
      Features
      • Levels: Two
      • Stories: 2
      Details
      • Parcel number: 050L B 01700 000
      • Zoning: Residentia
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding, Other
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1997

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Water Available

      Community & HOA

      Community
      • Subdivision: No
      HOA
      • Has HOA: No
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $162/sqft
      • Tax assessed value: $154,400
      • Annual tax amount: $1,393
      • Date on market: 8/12/2026
      • Inclusions: Appliances
      • Total actual rent: 2000

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/21/2026Price change$799,900-11.1%$162/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3510679 Report a problem
        9/3/2026Listed for rent$1,095
        Source: Zillow Rentals Report a problem
        8/12/2026Listed for sale$899,900-10%$182/sqft
        Source: RCAR #20264175 Report a problem
        8/8/2026Listing removed$999,900$202/sqft
        Source: RCAR #20261783 Report a problem
        4/7/2026Listed for sale$999,900$202/sqft
        Source: RCAR #20261783 Report a problem
        4/1/2026Listing removed$999,900$202/sqft
        Source: RCAR #20260523 Report a problem
        2/2/2026Listed for sale$999,900+566.6%$202/sqft
        Source: RCAR #20260523 Report a problem
        11/4/2022Sold$150,000-60%$30/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3187403 Report a problem
        10/20/2010Listing removed$374,900-0.8%$76/sqft
        Source: Exit Realty-The Covenant Group #156503 Report a problem
        5/29/2010Price change$377,900-0.5%$76/sqft
        Source: Exit Realty-The Covenant Group #156503 Report a problem
        2/20/2010Listed for sale$379,900$77/sqft
        Source: Exit Realty-The Covenant Group #156503 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $61,760 +57.9%
        2024$563 $39,120
        2023$563 +26.2%$39,120 +26.2%
        2022$446 -54.4%$31,000
        2021$977 -7.7%$31,000 +12.5%
        2019$1,059 +2%$27,560
        2018$1,039 0%--
        2017$1,039 +13.8%--
        2016$913 --
        2015$913 --
        2014$913 --
        2013-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37323

        Getting around

        13 / 100
        Car-Dependent
        16 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Mayfield Elementary
        • Middle: Cleveland Middle
        • High: Cleveland High

        Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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