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    1505 Mohawk Ct Cleveland, TN 37311

    For Sale
    $419,500

    MULTI_FAMILY - Cleveland, TN

    Property size:
    3,848 SF
    Lot size:
    0.27 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 1505 Mohawk Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 1
    Bedrooms
    7
    APN
    049C A 031.00
    Patio and Porch features
    Patio
    Exterior features
    Balcony
    Appliances
    Dishwasher, Range, Refrigerator
    Size
    3,848 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Number of units
    4
    Flooring type
    Laminate, Tile, Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Metal

    Goldman Partners Realty, LLC (865) 444-3241 [email protected]

    Listing agent Solange Velas (865) 368-2787

    Listing date Oct 31, 2025

    MLS# 1294458 Listing URL

    Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleveland Quadplex with Strong Cashflow

    This well-maintained quadplex in Cleveland represents a value-add investment opportunity. The units are currently rented on a month-to-month basis. The property offers potential for increased rental income. Seller financing is available, subject to a review of the buyer's financials, with 25% down payment. The seller will carry a 75% first deed of trust at 6%, amortized over 30 years, with a balloon payment due 5 years from closing. Recent updates include a new roof installed in 2020, and three of the four HVAC systems have been replaced within the last three years. Tenants are responsible for all utilities, which minimizes owner expenses. Unit 2 has been fully renovated with new appliances, cabinetry, carpet, paint, and an updated bathroom. The property size is 3848 square feet, situated on a 0.27-acre lot. This quadplex is located in Cleveland, Tennessee. It is a turnkey property with solid rental income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.886582
    Latitude
    35.178676

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained Cleveland quadplex with rental upside and seller financing.
    Where is this quadplex located?
    The property is located at 1505 Mohawk Ct Cleveland, TN.
    What is the asking price?
    The asking price for this property is $419,500.
    What are key features of this property?
    This property features: - Strong cashflow potential with rental upside in this turnkey Cleveland, TN quadplex.; - Seller financing available: OWC with 25% down, 75% first deed of trust at 6%, amortized over 30 years with a 5-year balloon.; - Recent updates include a new roof (2020) and 3 of 4 HVAC systems replaced in the last 3 years.
    (865) 368-2787
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1505 Mohawk Ct Cleveland, TN 37311
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