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Multi-Building Multifamily Property

16001610 Chippewa Avenue SE, Cleveland, TN 37311

For Sale
$195,000

The leased property includes multiple buildings and city water, sewer, and electric service.

Property Size2,934 SF
Price / SF$66.46
Days on Market47

Property Features for 16001610 Chippewa Avenue SE

General Information

Standard status Active
Size 2,934 SF
Property subtype Multi-Family

Additional Details

Utilities to Site Yes

Building Details

Year Built 1990
Listing Agency: Keller Williams Cleveland
Listed By: William Eilf · License TN #337177
Source: Fykesrealtygroup
Added: Sep 26 Changed: Nov 10 Last Checked: Oct 7 at 2:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Cleveland

Rey
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Investment Insights

Based on property information with market context.

This multifamily property comprises multiple buildings totaling 2,934 square feet. Built in 1990, it is currently leased and occupies a corner lot with city water, sewer, and electric service.

The property is in downtown Cleveland, near shopping, dining, the Greenway, and public services.

Key Highlights

  • 2,934‑square‑foot multifamily property across multiple buildings
  • Currently leased
  • Corner lot with city water, sewer, and electric service

Property Analytics

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

303
Businesses Nearby

Demographics for 37311, TN

29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Cleveland, TN

$564 Jul
$356 Aug
$227 Sep
$206 Oct

Properties on Market for Multifamily properties in Cleveland

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The leased property includes multiple buildings and city water, sewer, and electric service.
Where is this multifamily property located?
The property is located at 16001610 Chippewa Avenue SE Cleveland, TN.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,934‑square‑foot multifamily property across multiple buildings; Currently leased; Corner lot with city water, sewer, and electric service
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