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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 Sep 9

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 Kathy May-Martin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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