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5 Beds
4 Baths
2,934 sqft

$195,000

1600/1610 Chippewa Avenue SE, Cleveland TN, 37311

Price per sqft$66.46
Built in1990
Property size2,934 sqft
Property typeMulti-family
Courtesy of William Eilf, K W Cleveland,423-813-9800

Overview

Active

Listed Sep 4, 2026

Updated 4 weeks ago

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. Owner Agent.

$1,297/mo

Est. mortgage payment based on a $195,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1508088

Interior Features

Bedrooms
5
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.38 Acres

Other Property Details

Taxes
$431
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of William Eilf, K W Cleveland,423-813-9800 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carol Burns shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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