JUST REDUCED AGAIN! 4 PLEX FOR SALE CLEVELAND TN - OWC FIRST W/25% DOWN- STRONG CASHFLOW!!!
This well-maintained quadplex in Cleveland offers a value add investment with plenty of rental upside! Units are rented on a month to month basis and Seller is offering great terms - subject to review of buyers financials, with 25% down payment, Seller will carry a 75% first deed of trust at 6%, amortized over 30 years with a balloon 5 years from closing. Recent updates include a new roof (2020) and 3 of 4 HVAC systems replaced in the last 3 years. Tenants pay all utilities, minimizing owner expenses. Unit 2 has been fully renovated with new appliances, new cabinetry, carpet, paint, and updated bathroom. A turnkey property with solid rental income potential! Please see video links for the interiors. As Mohawk is fully occupied, please allow 48 hours to schedule all showings through the listing agents. No sign on property and we respectively request that you do not disturb the residents
Sold for $388,000
$388,000
1505 Mohawk Ct NW, Cleveland, TN 37311
7beds
4baths
3,848sqft
Multi Family
Built in 1970
-- sqft lot
$389,200 Zestimate®
$101/sqft
$1,350 Estimated rent
Home value
$389,200
$335,000 - $451,000
$1,350/mo
Zestimate® history
Owner options
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$2,246/mo
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New roofNew appliancesNew cabinetry
Zillow last checked:
Listing updated:
Listed by:
Solange Velas,
Goldman Partners Realty, LLC,
Sakaylea Sanders 865-258-4161,
Goldman Partners Realty, LLC
Bought with:
Solange Velas, 263596
Goldman Partners Realty, LLC
Sakaylea Sanders, 378466
Source: East Tennessee Realtors,MLS#: 1294458
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Flooring: Laminate, Carpet, Vinyl, Tile
Interior area
- Total structure area: 3,848
- Total interior livable area: 3,848 sqft
Property
Parking
- Parking features: On Premise Parking
Features
- Exterior features: Balcony
Lot
- Size: 0.27 Acres
- Dimensions: 125 x 106
Details
- Parcel number: 049C A 031.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Other
Condition
- Year built: 1970
Community & HOA
Community
- Subdivision: Georgetown Estates
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $408,500
- Date on market: 1/12/2026
- Listing terms: VA Loan,Owner Will Carry,FHA,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $388,000-7.5%$101/sqft |
Source:  East Tennessee Realtors #1294458 Report a problem | ||
| 1/16/2026 | Pending sale | $419,500$109/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 1/12/2026 | Listed for sale | $419,500$109/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 1/7/2026 | Pending sale | $419,500$109/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 10/31/2025 | Price change | $419,500-5.7%$109/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 8/27/2025 | Price change | $445,000-3.7%$116/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 7/14/2025 | Price change | $462,000-2.7%$120/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 6/3/2025 | Price change | $475,000-2.6%$123/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 3/24/2025 | Listed for sale | $487,500+22.2%$127/sqft |
Source: East Tennessee Realtors #1294458 Report a problem | ||
| 9/11/2024 | Listing removed | $399,000$104/sqft |
Source:  RCAR #20243500 Report a problem | ||
| 8/8/2024 | Listed for sale | $399,000+348.3%$104/sqft |
Source: RCAR #20243500 Report a problem | ||
| 10/14/2011 | Sold | $89,000-22.5%$23/sqft |
Source: Public Record Report a problem | ||
| 5/20/2011 | Price change | $114,900-17.9%$30/sqft |
Source: 1st Choice Realtors #162575 Report a problem | ||
| 12/17/2010 | Listed for sale | $139,900$36/sqft |
Source: Century 21 1st Choice Realtors #162575 Report a problem | ||
| 8/8/2008 | Listing removed | $139,900$36/sqft |
Source: Coldwell Banker** #135643 Report a problem | ||
| 4/19/2008 | Price change | $139,900-6.7%$36/sqft |
Source: Coldwell Banker** #135643 Report a problem | ||
| 2/29/2008 | Listed for sale | $149,900-6.3%$39/sqft |
Source: Coldwell Banker** #135643 Report a problem | ||
| 5/9/2005 | Sold | $160,000+28%$42/sqft |
Source: Public Record Report a problem | ||
| 2/20/2003 | Sold | $125,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $163,400 +60.7% |
| 2024 | $1,463 +132.6% | $101,680 +132.6% |
| 2023 | $629 | $43,720 |
| 2022 | $629 -54.4% | $43,720 |
| 2021 | $1,378 -38.5% | $43,720 -25% |
| 2019 | $2,241 +2% | $58,320 |
| 2018 | $2,198 +0% | -- |
| 2017 | $2,197 +20.1% | -- |
| 2016 | $1,830 | -- |
| 2015 | $1,830 | -- |
| 2014 | $1,830 | -- |
| 2013 | -- | -- |
| 2011 | $2,123 | $64,680 |
| 2009 | $2,123 | $64,680 |
| 2008 | -- | $64,680 +10.9% |
| 2007 | $2,140 | $58,320 |
| 2006 | $2,140 | $58,320 |
| 2005 | $2,140 +21.7% | $58,320 +27% |
| 2004 | $1,759 | $45,920 |
| 2003 | $1,759 | $45,920 +5.9% |
| 2001 | -- | $43,350 -60% |
| 2000 | -- | $108,375 |
Find assessor info on the county website
Neighborhood: 37311
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Nearby schools
GreatSchools rating
- 3/10George R Stuart Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Cleveland Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$389,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$389,200
- Tennessee
- Bradley County
- Cleveland
- 37311
- 1505 Mohawk Ct NW
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