2120 Cleveland Avenue, Chattanooga, TN 37404 (MLS# 1540426)

2120 Cleveland Avenue, Chattanooga, TN 37404

$205,900

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,040 Lot Size (sq. ft.): 21,780 Status: Active

Current Price: $205,900 List Date: 8/10/2026 Last Modified: 9/21/2026

Overview

Description

PRICE IMPROVEMENT – $205,900 | INCOME-PRODUCING CHATTANOOGA RENTAL Investor opportunity with an established tenant and lease already in place. 2120 Cleveland Ave currently generates $1,628 per month in rental income, with the existing lease running through January 31, 2027. For investors looking to add multiple doors, this property is also available as part of a three-home Chattanooga rental portfolio with 1725 Newton St and 1307 Wheeler Ave. The portfolio currently produces a combined $4,654 per month / $55,848 annually in scheduled gross rent. Individual asking prices total $600,800, or purchase all three for $585,000–a $15,800 portfolio discount. The portfolio offers immediate rental income, three established tenancies and staggered lease expirations, allowing an investor to acquire multiple income-producing properties in a single transaction. Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing … (Read more)

Listing Details MLS# 1540426

General Property Information

Bedrooms Total: 3
Stories: Yes
Rooms Total: 5
Bathrooms Total: Yes
Bathrooms Full: Yes
Above Grade Finished Area: 1040
Above Grade Finished Area Source: Tax Records
Living Area: 1040
Living Area Source: Tax Records
Enhanced Accessible: Yes
Year Built: 1940
ADU YN: No
STVR YN: No
New Construction YN: No
Builder's Warranty YN: No
Home Warranty YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Lot Size Dimensions: 40X88.5
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: Yes
Senior Community YN: No
List Price/SqFt: 197.98

Property Features

Accessibility Features: Other Appliances: Electric Water Heater Basement: Crawl Space Construction Materials: Vinyl Siding Cooling: Central Air; Electric Exterior Features: Other Fencing: Fenced Fireplace Features: Bedroom Flooring: Hardwood; Tile Foundation Details: Block Heating: Central; Electric Interior Features: High Speed Internet; Open Floorplan; Separate Shower Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA Lot Features: Level Parking Features: Off Street Patio And Porch Features: Deck; Patio; Porch; Porch – Covered Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer; Other Special Listing Conditions: Trust Utilities: Cable Available; Electricity Available; Phone Available; Sewer Connected Water Source: Public; Other Room Types: Bathroom; Bedroom; Dining Room; Primary Bedroom Documents: TN Prop Cond Disc or Exempt

Contract Information

Listing Contract Date: 2026-08-08
Auction YN: No
Equitable Ownership Interest Listing: No
Property Sub Type: Single Family Residence
Office Exclusive: No

Location Tax and Legal

Street Number: 2120
Street Name: Cleveland
Street Suffix: Avenue
County: Hamilton
State: TN
Postal Code: 37404
Subdivision Name: Stanleys Of Delong Tract
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: PRICE IMPROVEMENT – $205,900 | INCOME-PRODUCING CHATTANOOGA RENTAL Investor opportunity with an established tenant and lease already in place. 2120 Cleveland Ave currently generates $1,628 per month in rental income, with the existing lease running through January 31, 2027. For investors looking to add multiple doors, this property is also available as part of a three-home Chattanooga rental portfolio with 1725 Newton St and 1307 Wheeler Ave. The portfolio currently produces a combined $4,654 per month / $55,848 annually in scheduled gross rent. Individual asking prices total $600,800, or purchase all three for $585,000–a $15,800 portfolio discount. The portfolio offers immediate rental income, three established tenancies and staggered lease expirations, allowing an investor to acquire multiple income-producing properties in a single transaction. Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
Directions: East on Third Street left on North Orchard Knob Right on Cleveland Ave