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.
189 days
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24
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1
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Zillow last checked:
Listing updated:
Listed by:
William Eilf423-813-9800,
Keller Williams Cleveland423-303-1200
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2795476
Facts & features
Interior
Heating
Electric
Cooling
Wall/Window Unit(s)
Features
Flooring: Laminate
Interior area
Total structure area: 2,934
Total interior livable area: 2,934 sqft
Property
Parking
Parking features: Paved
Features
Levels: One
Stories: 1
Lot
Size: 0.38 Acres
Dimensions: 104' x 160'
Details
Parcel number: 057L U 00200 000
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Roof: Shingle
Condition
New construction: No
Year built: 1990
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Water Available
Community & HOA
HOA
Has HOA: No
Location
Region: Cleveland
Financial & listing details
Price per square foot: $84/sqft
Annual tax amount: $431
Date on market: 2/4/2026
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/19/2026
Contingent
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
9/10/2025
Listed for sale
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
8/27/2025
Contingent
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
8/7/2025
Listed for sale
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
7/28/2025
Contingent
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
4/1/2025
Listed for sale
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
3/16/2025
Contingent
$245,000$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
2/25/2025
Listed for sale
$245,000-16.9%$84/sqft
Source: RealTracs MLS as distributed by MLS GRID #2795476Report a problem
1/29/2024
Listing removed
--
Source: RealTracs MLS as distributed by MLS GRID #2506848Report a problem
4/10/2023
Listed for sale
$295,000$101/sqft
Source: RealTracs MLS as distributed by MLS GRID #2506848Report a problem
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Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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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Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.