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.
Contingent
$245,000
1600/1610 Chippewa Ave SE, Cleveland, TN 37311
5beds
2,934sqft
:
Get pre-qualified$1,500/mo
Quadruplex
Built in 1990
-- sqft lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
Recent renovations throughoutCorner lot
- 532 days |
- 137 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
William Eilf 423-813-9800,
K W Cleveland 423-303-1200
Source: Greater Chattanooga Realtors,MLS#: 1508088
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
- Laundry: See Remarks
Features
- Eat-in Kitchen, See Remarks
- Flooring: Laminate
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,934
- Total interior livable area: 2,934 sqft
- Finished area above ground: 2,934
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
Features
- Levels: One
- Patio & porch: Front Porch
- Exterior features: None
Lot
- Size: 0.38 Acres
- Features: Level
Details
- Parcel number: 057i U 00200 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Other
- Foundation: See Remarks
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $84/sqft
- Annual tax amount: $431
- Date on market: 9/10/2025
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2026 | Contingent | $245,000$84/sqft |
Source:  RCAR #20250802 Report a problem | ||
| 9/10/2025 | Listed for sale | $245,000$84/sqft |
Source: RCAR #20250802 Report a problem | ||
| 8/27/2025 | Contingent | $245,000$84/sqft |
Source: RCAR #20250802 Report a problem | ||
| 8/7/2025 | Listed for sale | $245,000$84/sqft |
Source: Greater Chattanooga Realtors #1508088 Report a problem | ||
| 7/28/2025 | Contingent | $245,000$84/sqft |
Source: RCAR #20250802 Report a problem | ||
| 4/1/2025 | Listed for sale | $245,000$84/sqft |
Source: RCAR #20250802 Report a problem | ||
| 3/16/2025 | Contingent | $245,000$84/sqft |
Source: Greater Chattanooga Realtors #1508088 Report a problem | ||
| 2/25/2025 | Listed for sale | $245,000+8.9%$84/sqft |
Source: RCAR #20250802 Report a problem | ||
| 8/25/2024 | Listing removed | -- |
Source: RCAR #20231311 Report a problem | ||
| 12/12/2023 | Price change | $225,000-10%$77/sqft |
Source: RCAR #20231311 Report a problem | ||
| 12/7/2023 | Listed for sale | $250,000$85/sqft |
Source: RCAR #20231311 Report a problem | ||
| 10/27/2023 | Listing removed | -- |
Source: RCAR #20231311 Report a problem | ||
| 7/11/2023 | Listed for sale | $250,000$85/sqft |
Source: RCAR #20231311 Report a problem | ||
| 7/1/2023 | Contingent | $250,000$85/sqft |
Source: RCAR #20231311 Report a problem | ||
| 6/20/2023 | Price change | $250,000-15.3%$85/sqft |
Source: RCAR #20231311 Report a problem | ||
| 4/1/2023 | Listed for sale | $295,000$101/sqft |
Source: RCAR #20231311 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37311
Nearby schools
GreatSchools rating
- 6/10Blythe- Bower Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Cleveland Middle SchoolGrades: 6-8Distance: 4.2 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 3.5 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.
- $245,000-- bd-- ba2.9k sqft16001610 Chippewa Ave SE, Cleveland, TN 37311For Sale
- $89,1001 bd1 ba378 sqft1600 Chippewa Ave SE, Cleveland, TN 37311Off Market
- $237,3001 bd1 ba-- sqft1610 Chippewa Ave SE, Cleveland, TN 37311Off Market
- $35,0004 bd3 ba486 sqft1570 Chippewa Ave SE, Cleveland, TN 37311Sold
- $--1 bd1 ba-- sqft1570 Chippewa Ave SE UNIT B, Cleveland, TN 37311Off Market
- $--2 bd1 ba-- sqft1570 Chippewa Ave SE #451, Cleveland, TN 37311Off Market
- $37,000-- bd-- ba-- sqft1605 Blythe Ave SE, Cleveland, TN 37311Off Market
- $32,000-- bd1 ba128 sqft1560 Chippewa Ave SE, Cleveland, TN 37311Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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