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    1600/1610 Chippewa Ave SE Cleveland, TN 37311

    For Sale
    $245,000

    MULTI_FAMILY - Ranch - Cleveland, TN

    Type:Single Family Residence
    Property size:
    2,934 SF
    Days on Market:
    89
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1600/1610 Chippewa Ave SE

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
    Bathrooms
    4
    APN
    057l U 00200 000
    Patio and Porch features
    Porch
    Interior features
    Eat-in Kitchen
    Appliances
    Electric Water Heater
    Size
    2,934 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Laminate
    Roof type
    Shingle
    Architectural style
    Ranch

    KW CLEVELAND Keller Williams (423) 303-1200 [email protected]

    Listing agent William Eilf (423) 813-9800 License #337177

    Listing date Sep 10, 2025

    Copyright © 2025 River Counties Association of 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

    Turnkey Investment Portfolio in Cleveland

    This fully leased multi-building property, suitable as a residential income property, a quadplex, or other multifamily investment, is located in downtown Cleveland, Tennessee. Situated on a corner lot, the property benefits from access to city utilities, including water, sewer, and electric. Recent renovations include newer roofs, updated plumbing, and fresh interior and exterior paint. The property encompasses 2,934 square feet on a lot of 0 acres. Currently generating $3,000 per month in rental income, this property offers immediate cash flow and long-term upside in a rapidly growing market. Its downtown location provides convenient access to shopping, dining, the Greenway, and public services. This property is ideal for investors seeking stabilized income with value-add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm 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
    -84.876347
    Latitude
    35.145218

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    FAQs

    What type of property is this?
    Quadplex - Fully leased multi-building property in downtown Cleveland, Tennessee.
    Where is this quadplex located?
    The property is located at 1600/1610 Chippewa Ave SE Cleveland, TN.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: - Fully Leased: Generates $3,000/month in rental income.; - Prime Downtown Location: Conveniently located near shopping, dining, Greenway, and public services.; - Recent Upgrades: Features newer roofs, updated plumbing, and fresh interior/exterior paint.
    (423) 813-9800
    Request Owner's contact information
    1600/1610 Chippewa Ave SE Cleveland, TN 37311
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    Cleveland, TN 37311
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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
    1600/1610 Chippewa Ave SE Cleveland, TN 37311
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