For sale

$415,000

1405 Elrod St SE, Cleveland, TN 37311

4beds

1,465sqft

$2,515/mo

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Duplex

Built in 1983

-- sqft lot

$400,200 Zestimate^®

$283/sqft

$-- HOA

What's special

Income-earning duplexGranite countertops in kitchenTile backsplashCeramic tile surround shower

MULTI PROPERTY LISTING. 1403 Elrod St SE to be included with this sale. Maximize your real estate portfolio with this multi-property sale opportunity featuring two properties that have been completely renovated from top to bottom. Updates include ''life proof'' flooring, granite counter tops in kitchen with tile backsplash and premium bathroom with marble vanity and ceramic tile surround shower. This unique package includes a charming single-family one-bedroom, one-bath home and an income-earning duplex, offering a total of three pristine, rent-ready units. Perfect for savvy investors, or buyers looking to live in one unit while collecting rent from the others. All 3 units are tenant occupied and have more than 5 year history with exceptional payment track record. Duplex could be changed to zone as a private residence if the owner lives in one half and rents the other; which would reduce the taxes. Buyer to verify.

12 days
117
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Electric, Zoned

Cooling

Electric, Zoned

Appliances

Included: Dishwasher, Electric Oven, Electric Range, Microwave, Oven, Refrigerator, Washer/Dryer

Features

Ceiling Fan(s), Granite Counters
Flooring: Vinyl
Basement: None
Has fireplace: No

Interior area

Total structure area: 1,465
Total interior livable area: 1,465 sqft

Property

Parking

Parking features: Driveway, Gravel, Kitchen Level

Features

Levels: One
Patio & porch: Porch - Covered
Exterior features: Rain Gutters
Fencing: Aluminum

Lot

Size: 8,712 Square Feet
Features: Level

Details

Additional parcels included: 057L M 028.00
Parcel number: 057l M 02700 000
Special conditions: Investor

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Vinyl Siding
Foundation: Slab
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1983

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected

Community & HOA

Community

Features: None
Subdivision: None

HOA

Has HOA: No

Location

Region: Cleveland

Financial & listing details

Price per square foot: $283/sqft
Tax assessed value: $170,000
Annual tax amount: $1,533
Date on market: 8/22/2026
Listing terms: Cash,Conventional,FHA
Tenant pays: All Utilities

Estimated market value

$400,200

$380,000 - $420,000

$1,517/mo

Price history

Date	Event	Price
8/22/2026	Listed for sale	$415,000+484.5%$283/sqft
Source: Greater Chattanooga Realtors #1541301 Report a problem
6/4/2019	Sold	$71,000$48/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$68,000 +91%
2024	$512	$35,600
2023	$512	$35,600
2022	$512 -54.4%	$35,600
2021	$1,122 -7.7%	$35,600 +12.5%
2019	$1,216 +2%	$31,640
2018	$1,192 -0.1%	--
2017	$1,193 +26.1%	--
2016	$946	--
2015	$946	--
2014	$946	--
2013	--	--
2011	$515	$15,700
2008	--	$15,700 +31.2%
2001	--	$11,963 -75%
2000	--	$47,850

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 37311

Getting around

48 / 100

Car-Dependent

19 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Blythe- Bower Elementary School
Grades: PK-5Distance: 0.7 mi
4/10
Cleveland Middle School
Grades: 6-8Distance: 4.4 mi
7/10
Cleveland High School
Grades: 9-12Distance: 3.6 mi

Schools provided by the listing agent

Elementary: Blythe-Bower Elementary
Middle: Cleveland Middle
High: Cleveland High

Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.