JUST REDUCED AGAIN! 4 PLEX FOR SALE CLEVELAND TN - OWC FIRST W/25% DOWN- STRONG CASHFLOW!!!
This well-maintained quadplex in Cleveland offers a value add investment with plenty of rental upside! Units are rented on a month to month basis and Seller is offering great terms - subject to review of buyers financials, with 25% down payment, Seller will carry a 75% first deed of trust at 6%, amortized over 30 years with a balloon 5 years from closing. Recent updates include a new roof (2020) and 3 of 4 HVAC systems replaced in the last 3 years. Tenants pay all utilities, minimizing owner expenses. Unit 2 has been fully renovated with new appliances, new cabinetry, carpet, paint, and updated bathroom. A turnkey property with solid rental income potential! Please see video links for the interiors. As Mohawk is fully occupied, please allow 48 hours to schedule all showings through the listing agents. No sign on property and we respectively request that you do not disturb the residents
For sale
Price cut: $25.5K (10/31)
$419,500
1505 Mohawk Ct NW, Cleveland, TN 37311
7beds
4baths
3,848sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$109/sqft
$-- HOA
What's special
New roofNew appliancesNew cabinetry
- 261 days |
- 258 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: November 03, 2025 at 12:05pm
Listed by:
Solange Velas,
Goldman Partners Realty, LLC 865-705-8675,
Sakaylea Sanders 865-258-4161,
Goldman Partners Realty, LLC
Source: East Tennessee Realtors,MLS#: 1294458
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator
Features
- Flooring: Laminate, Carpet, Vinyl, Tile
Interior area
- Total structure area: 3,848
- Total interior livable area: 3,848 sqft
Property
Parking
- Parking features: On Premise Parking
Features
- Exterior features: Balcony
Lot
- Size: 0.27 Acres
- Dimensions: 125 x 106
Details
- Parcel number: 049C A 031.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Other
Condition
- Year built: 1970
Community & HOA
Community
- Subdivision: Georgetown Estates
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $254,200
- Annual tax amount: $1,463
- Date on market: 3/24/2025
- Listing terms: VA Loan,Owner Will Carry,FHA,Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,553/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Price change | $419,500-5.7%$109/sqft |
Source: | ||
| 8/27/2025 | Price change | $445,000-3.7%$116/sqft |
Source: | ||
| 7/14/2025 | Price change | $462,000-2.7%$120/sqft |
Source: | ||
| 6/3/2025 | Price change | $475,000-2.6%$123/sqft |
Source: | ||
| 3/24/2025 | Listed for sale | $487,500+22.2%$127/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,463 +132.6% | $101,680 +132.6% |
| 2023 | $629 | $43,720 |
| 2022 | $629 -54.4% | $43,720 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,349/mo
Principal & interest
$2045
Property taxes
$157
Home insurance
$147
Climate risks
Neighborhood: 37311
Nearby schools
GreatSchools rating
- 3/10George R StuartGrades: PK-5Distance: 0.5 mi
- 4/10Cleveland Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.5 mi
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