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479 Old Federal Road SE, Cleveland, TN 37323

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For Sale

$570,000

4 baths • 3,306 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $172.41
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Income-Producing Quadplex in Cleveland, TN - Fully Leased! Discover this exceptional investment opportunity; a fully leased quadplex in the heart of Cleveland, TN! With a total of 3,306 sq. ft., this well-maintained property features four units, each offering spacious living with modern updates. Unit Breakdown: Units A & B: 2 bedrooms, 1 bathroom, 826.5 sq. ft. each. Units C & D: 1 bedroom, 1 bathroom, 826.5 sq. ft. each, with an additional room currently utilized as a bedroom which includes a closet but no window. All units feature an open-concept living room and kitchen, complete with electric range, refrigerator, and a convenient laundry closet. Ample parking is available for tenants, along with a 2-stall detached carport that includes a storage area. Recent Upgrades: 3 of the 4 units have been remodeled in the last 2 years, with updates including new doors, windows, kitchen cabinets, sinks, appliances, walk-in showers, faucets, lighting, outlets, closet organizers and a new water heater in one of the units. All 4 units have a HVAC unit that is approximately less than 2 years old. Each unit also boasts a large private deck, offering extra outdoor living space. Currently generating $4,500 per month in rental income, this property is a fantastic investment with immediate cash flow. Located close to excellent schools, shopping, and dining, this gem won't last long. Don't miss your chance to own this income-producing property. Call today for more details and to schedule your private showing!
MLS# 20251489

Courtesy Of Re/Max Experience

(423) 790-3086

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Deck
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Brick, Brick Veneer
  • Floor Covering
    Carpet, Vinyl
  • Roof Type
    Metal

Map and Directions

Directions to 479 Old Federal Road SE, Cleveland, TN 37323

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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