16001610 Chippewa Avenue SE Cleveland, TN $ 195,000
16001610 Chippewa Avenue SE
$ 195,000
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16001610 Chippewa Avenue SE

Cleveland, TN, 37311
$ 195,000
Bedrooms5 Baths4.0 Sq 2,934

Monthly Estimate*

$ 1,231

16001610 Chippewa Avenue SE, Cleveland, TN 37311 - Image 1
16001610 Chippewa Avenue SE, Cleveland, TN 37311 - Image 2
16001610 Chippewa Avenue SE, Cleveland, TN 37311 - Image 3
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16001610 Chippewa Avenue SE, Cleveland, TN 37311 - Image 8

Multi-Family Home for sale in Cleveland, TN

for $195,000 with 5 bedrooms and 4 full baths. This 2,934 square foot home was built in 1990.

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.

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Multi-Family Active

Price

$ 195,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 431

Style

Quadruplex

Year Built

1990

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

2795476

Features
General
Living Area 2934
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Electricity Available Water Available
Possession Negotiable
Roof Shingle
Zoning Mixed Use
Garage Spaces 0
Construction Materials Frame
Year Built 1990
Tenant Pays Other
Stories Count 1
Levels One
Gross Income 25560
County Bradley County TN
Net Operating Income 14990
Operating Expense 10570
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name None
Garage Y/N N
Rent Includes Water Electricity Other
Status Active
Buyer Financing Conventional Other
Directions Take APD 40 and turn onto Spring Place Road SE to 18 th St SE. Turn right onto Chippewa Ave SE units are on the right
High School Cleveland High
City Cleveland
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Elementary School Blythe-Bower Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 431
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 3130
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2934
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Paved
Water Source Public
Total Parking 0
Inclusions Other
Building Area Total 2934
Lot Dimensions 104' x 160'
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 16001610
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* Excluded Features
List By
Keller Williams Cleveland

Broker

experiencetennessee@gmail.com

Email

Affordability Calculator

$1,267
Per Month
97%
3%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$36
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4331549 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$195,000 -20.41% Price Down
2/25/2025$245,000 Listed Price

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16001610 Chippewa Avenue SE, Cleveland, TN, 37311 is a Multi-Family Home for sale at $195,000 with 2,934 sqft. 16001610 Chippewa Avenue SE has 5 bedrooms, 4.0 baths, and was built in 1990. The property's zip code is 37311 which is in Cleveland, TN