650 Railroad Street NE, Cleveland, TN 37311
MULTI_FAMILY - Ranch - Cleveland, TN
- Added:
- Apr 15, 2026
- Days on Market:
- 67
- Last Refresh:
- Jun 20 at 5:06 pm
Property Features for 650 Railroad Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 2
- Patio and Porch features
- Porch
- Appliances
- Refrigerator, Microwave, Electric Water Heater, Electric Range
- Standard status
- Active
- APN
- 049m L 02200 000
- Size
- 2,288 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- 049m L 022.00
- Tax Annual Amount
- 1378
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1966
- Number of units
- 4
- Flooring type
- Vinyl
- Building materials
- Brick Veneer, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Ranch
Listing agent Gabe Cartwright License #363796 (423) 716-3922
Listing office Century 21 1st Choice Realtors 2075 N Ocoee Street, Cleveland, TN (423) 478-2332
Listing date Apr 15, 2026
Copyright © 2026 Greater Chattanooga 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.
HighLights
- Fully renovated quadplex offering immediate rental income potential.
- Each unit features 1 bedroom and 1 bathroom with updated interiors.
- Brand‑new plumbing and efficient mini‑split heating and cooling systems installed.
- Turnkey property with fresh finishes, ready for tenants.
- Durable exterior with brick veneer, vinyl siding, and metal roof.
- Includes essential appliances: refrigerator, microwave, and electric range.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $12.96 |
| − Vacancy | −$1.7k | −$0.75 |
| EGI | $27.9k | $12.21 |
| − OpEx | −$8.4k | −$3.66 |
| NOI | $19.6k | $8.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.867257
- Latitude
- 35.159951
