For sale

$329,000

650 Railroad St NE, Cleveland, TN 37311

4beds

2,288sqft

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Quadruplex

Built in 1966

-- sqft lot

$-- Zestimate^®

$144/sqft

$-- HOA

What's special

Brand-new plumbingUpdated interiors throughout

Excellent investment opportunity! This fully renovated quadplex features four units, each offering 1 bedroom and 1 bathroom with updated interiors throughout. Recent upgrades include brand-new plumbing and efficient mini-split heating and cooling systems, ensuring comfort and low maintenance for years to come. Each unit has been thoughtfully modernized with fresh finishes, making this property turnkey and attractive to tenants. With strong rental potential and major updates complete, this quadplex is a rare find for investors seeking reliable income in a move-in-ready property.

97 days

169

14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Ductless

Cooling

Ductless

Appliances

Included: Electric Range, Electric Water Heater, Microwave, Refrigerator
Laundry: Main Level, Multiple Locations

Features

See Remarks
Flooring: Luxury Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,288
Total interior livable area: 2,288 sqft

Property

Parking

Parking features: Gravel

Features

Patio & porch: Front Porch, Rear Porch
Exterior features: Other

Lot

Size: 0.29 Acres
Features: Sloped

Details

Parcel number: 049m L 02200 000

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Quadruplex

Materials

Brick Veneer, Vinyl Siding
Foundation: Block, Concrete Perimeter
Roof: Metal

Condition

Updated/Remodeled
New construction: No
Year built: 1966

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: $144/sqft
Tax assessed value: $152,700
Annual tax amount: $1,377
Date on market: 4/15/2026
Listing terms: Cash,Conventional,FHA
Tenant pays: Electricity
Road surface type: Asphalt

Estimated market value

Not available

Estimated sales range

Not available

$1,274/mo

Price history

Date	Event	Price
4/15/2026	Listed for sale	$329,000$144/sqft
Source: RCAR #20261958 Report a problem
3/3/2026	Listing removed	$329,000$144/sqft
Source: Greater Chattanooga Realtors #1526509 Report a problem
9/2/2025	Listed for sale	$329,000+93.5%$144/sqft
Source: RCAR #20254131 Report a problem
4/1/2023	Sold	$170,000+36%$74/sqft
Source: Greater Chattanooga Realtors #1371334 Report a problem
5/20/2022	Sold	$125,000+78.8%$55/sqft
Source: Public Record Report a problem
9/8/2011	Listing removed	$69,900$31/sqft
Source: GILBERT REAL ESTATE & PROPERTY MANAGEMENT #164036 Report a problem
3/22/2011	Listed for sale	$69,900+288.3%$31/sqft
Source: GILBERT REAL ESTATE & PROPERTY MANAGEMENT #164036 Report a problem
1/24/2001	Sold	$18,000$8/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$61,080 +48.5%
2024	$592	$41,120
2023	$592	$41,120
2022	$592 -0.3%	$41,120 +118.3%
2021	$594 -46%	$18,840 -34.2%
2019	$1,100 +2%	$28,640
2018	$1,079 +0%	--
2017	$1,079 +61.3%	--
2016	$669	--
2015	$669	--
2014	$669	--
2013	--	--
2011	$783	$23,840
2009	$783	$23,840
2008	--	$23,840 +8%
2007	$810	$22,080
2006	$810	$22,080
2005	$810 +6%	$22,080 +10.6%
2004	$764	$19,960
2003	$764	$19,960 +5.6%
2001	--	$18,894 -60%
2000	--	$47,235

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 37311

Getting around

71 / 100

Very Walkable

36 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

3/10
Arnold Memorial Elementary
Grades: PK-5Distance: 0.6 mi
4/10
Cleveland Middle School
Grades: 6-8Distance: 3.4 mi
7/10
Cleveland High School
Grades: 9-12Distance: 2.4 mi

Schools provided by the listing agent

Elementary: Arnold 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.