338 Martin Drive NW, Cleveland, TN 37311

$280,000
3
BD
2
BA
2,418
SqFt

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Sold Price
$280,000
List Price
$324,900
Status
CLOSED
Closing Date
May 26, 2026
MLS#
1528281
Subtype
Residential
Style
Ranch
Year Built
1965
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
2,418
Lot Size
89,484
Acres
2.05

Property Description

INVESTOR OPPORTUNITY - SIX PARCELS INCLUDED Rare chance to acquire a value-add property with six parcels included, offering multiple exit strategies and future development potential. Whether your plan is renovation, resale, rental, or land development, this package delivers flexibility. The solid red brick home features original hardwood floors, a functional layout, and strong structural bones—ideal for a renovation project. Main level includes a living area, formal dining room, eat-in kitchen with laundry nook, and a bedroom with an en-suite bath. Upstairs (7 steps) are two additional bedrooms with a Jack-and-Jill bath. A large secondary dining or gathering space with a wood-burning stove provides added square footage and layout versatility. Additional features include an enclosed back porch, circular driveway with ample parking, and a sloped, wooded backyard offering privacy. Home is currently on well water; public water is available. Two electric water heaters service upper and lower levels. With five additional parcels included, this property presents strong upside for expansion, additional builds (buyer to verify zoning), or long-term hold. Ideal for investors seeking land, footprint growth, or redevelopment potential in a single acquisition.

Additional Information

Interior Features
Ceiling Fan(s), Pantry, Tub/shower Combo, Breakfast Room, Separate Dining Room
Exterior Features
None
Taxes
$819
Property Description
Ranch
Appliances
Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater
Heating
Central, Electric
Air Conditioning
Central Air, Ceiling Fan(s), Electric, Other
Exterior Features
Brick
Stories
3
Levels
Tri-Level
Roof
Shingle
Foundation
Block
Pool Type
None
Parking Features
Circular Driveway, Concrete, Driveway
Elementary School
North Lee Elementary
Middle School
Ocoee Middle
High School
Ocoee Middle/High

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Listing courtesy of Keller Williams Realty. Selling Office: .