Description
4 Unit multi-building portfolio -- Downtown Cleveland, TN. Corner lot • Recent renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month). This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. No lease-up risk, just stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a portfolio or adding a low-maintenance income property to an existing one, this checks the boxes. Owner Agent.
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5BEDS
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0.38ACRES
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0BATHS
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01/2 BATHS
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2,934SQFT
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$66$/SQFT
School Information
Description
4 Unit multi-building portfolio -- Downtown Cleveland, TN. Corner lot • Recent renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month). This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. No lease-up risk, just stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a portfolio or adding a low-maintenance income property to an existing one, this checks the boxes. Owner Agent.
1600/1610 Chippewa Avenue Cleveland, TN 37311
Property Description
Architectural Style Ranch Attached Garage YN No Carport YN No Construction Materials Other Exterior Features None Fencing [] Foundation Details See Remarks Garage YN No Lot Features Level Other Structures [] Parking Features Paved Patio And Porch Features Front Porch Pool Features [] Roof Shingle Roof Shingle Yes Structure Type See Remarks View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Electric Water Heater Basement [] Basement YN No Building Area Total 2934 Cooling Window Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring Laminate Heating Electric Heating YN Yes Interior Features Eat-in KitchenSee Remarks Laundry Features See Remarks Levels One Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Quadruplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 431.06 Utilities Electricity ConnectedSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of K W Cleveland: 423-303-1200.
