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!
Active
$699,900
541 20th St NW, Cleveland, TN 37311
8beds
6baths
3,852sqft
Multi Family
Built in 1989
-- sqft lot
$-- Zestimate®
$182/sqft
$-- HOA
What's special
- 18 hours
- 27
- 0
Zillow last checked:
Listing updated:
Listed by:
Margie Keller 423-284-3056,
Compass Group Realty LLC 423-584-5577
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3623868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 3,852
- Total interior livable area: 3,852 sqft
- Finished area above ground: 3,852
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
- Dimensions: 124 x 100
Details
- Parcel number: 049E N 00401 000
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Cannon & Willis Prop
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $182/sqft
- Tax assessed value: $428,600
- Annual tax amount: $3,867
- Date on market: 10/21/2026
- Inclusions: Appliances
- Total actual rent: 4250
- Tenant pays: Electricity, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2026 | Listed for sale | $699,900+211.1%$182/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3623868 Report a problem | ||
| 9/29/2026 | Listed for rent | $1,100+4.8% |
Source: Zillow Rentals Report a problem | ||
| 2/9/2026 | Listing removed | $1,050 |
Source: Zillow Rentals Report a problem | ||
| 11/11/2025 | Listed for rent | $1,050 |
Source: Zillow Rentals Report a problem | ||
| 10/27/2024 | Listing removed | $1,050 |
Source: Zillow Rentals Report a problem | ||
| 9/26/2024 | Listed for rent | $1,050 |
Source: Zillow Rentals Report a problem | ||
| 10/30/2009 | Sold | $225,000-6.3%$58/sqft |
Source: Public Record Report a problem | ||
| 10/16/2009 | Listed for sale | $240,000$62/sqft |
Source: GILBERT REAL ESTATE & PROPERTY MANAGEMENT #153446 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $171,440 +108.7% |
| 2024 | $1,182 | $82,160 |
| 2023 | $1,182 | $82,160 |
| 2022 | $1,182 -54.3% | $82,160 |
| 2021 | $2,589 -27.7% | $82,160 -11.9% |
| 2019 | $3,582 +2% | $93,240 |
| 2018 | $3,514 0% | -- |
| 2017 | $3,514 +45.9% | -- |
| 2016 | $2,409 | -- |
| 2015 | $2,409 | -- |
| 2014 | $2,409 | -- |
| 2013 | -- | -- |
| 2011 | $2,802 | $85,360 |
| 2009 | $2,802 | $85,360 |
| 2008 | -- | $85,360 +16% |
| 2007 | $2,701 | $73,600 |
| 2006 | $2,701 | $73,600 |
| 2005 | $2,701 +4.9% | $73,600 +9.5% |
| 2004 | $2,574 | $67,200 |
| 2003 | $2,574 | $67,200 +15.3% |
| 2001 | -- | $58,259 -60% |
| 2000 | -- | $145,647 |
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.Climate risks
Neighborhood: 37311
Nearby schools
Schools provided by the listing agent
- Elementary: Arnold Memorial 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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