Sold
Last Sold Price
3,306 sqft$157/sqft
479 Old Federal Rd, Cleveland, TN 37323
Multi FamilyProperty Type
1977Year Built
$157/sq ftPrice per sq ft

Description

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...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!
  • Listed by: Jason Wright jasonlwright22@gmail.com • RE/MAX Experience
Listing closed: 09/09/2025 01:00 AM • Source: REALTRACS as distributed by MLS GRID, MLS#: 3187818

Recent comparable sales

Median sold price

$522,350

Avg days on market

68

Sale-to-list ratio

79.3%

Cleveland, TN

9 comparable properties found

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Location

Listing Courtesy of RE/MAX Experience, Jason Wright (423.650.9806)

Sold By --NON-MEMBER OFFICE--, A NON-MEMBER

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Principal and Interest

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Property Taxes

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Property Information for 479 Old Federal Road

Property Details
  • Taxes: $959 / year
  • MLS Type: Residential Income
  • Subdivision Name: Not Applicable
  • Waterfront: No
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1977
Summary
Location and General Information
  • Directions: From the intersection of Bell Road SE and Varnell Road SE - Head North on Varnell Road SE, Turn Right on Old Federal Road SE, Home on left.
  • Elementary School: Black Fox Elementary School
  • High School: Bradley Central High School
  • Levels: Three Or More
  • Living Area Units: Square Feet
  • Middle Or Junior School: Lake Forest Middle School
  • Mlg Can View: Yes
Parking
  • Parking Features: Concrete, Driveway
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Units: Square Feet
  • Flooring: Carpet, Other
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 073C B 00701 000
Property and Assessments
  • Construction Materials: Other
  • Documents Count: 3
  • New Construction: No
  • Possession: Close Of Escrow
  • Security Features: Smoke Detector(s)
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • Roof: Metal
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental Information
Rental Information
  • Rent Includes: Water
  • Tenant Pays: Cable TV, Electricity

Property History for 479 Old Federal Road

DateEvent & SourcePriceAppreciation
Sep 9, 2025

Closed

REALTRACS #3187818

$520,000
Sep 8, 2025

Closed (Public Record)

Public Record #1912038244

$520,000

+37.3% / yr

Aug 18, 2025

Contract - Not Showing

REALTRACS #3187818

DateEvent & SourcePrice
09/09/2025

Closed

REALTRACS #3187818

$520,000
09/08/2025

Closed (Public Record)

Public Record #1912038244

$520,000

+37.3% / yr

08/18/2025

Contract - Not Showing

REALTRACS #3187818

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 479 Old Federal Road

Taxable ValueLand$17,600Additions$144,840Total$162,440
Tax Record2025$1,966 ($164 / month)
Home Facts
Total Finished SqFt4,872 SqFtAbove Grade Finished SqFt3,248 SqFtFinished Basement SqFt1,624 SqFtStories1Lot Size87,120 SqFtStyleDuplexYear Built1977Year Renovated1985ZoningR1CountyBRADLEYAPN073C B 007.01 000Fireplace TypeHas Fireplace

Schools near 479 Old Federal Road

This home is within Bradley County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Black Fox Elementary School
PublicPK to 5

Lake Forest Middle School
Public6 to 8

Bradley Central High School
Public9 to 12

Bradley County Virtual School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Experience, Jason Wright (423.650.9806)

Based on information submitted to the MLS GRID as of 05/14/2026 02:05 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.