Don't miss this opportunity to own a cash-flowing 6-unit apartment building in desirable Bradley County--just minutes from I-75, Cleveland, and Chattanooga. The property is currently generating $4,047 per month in rental income with one vacant unit currently marketed for $850 per month, providing immediate upside for a new owner. The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low. Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes. With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio. Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.
Multi-familyProperty Type
1972Year Built
$146Price/Sq.Ft.
Listed by Gina Shumway• Greater Chattanooga Realty, Keller Williams Realty
Don't miss this opportunity to own a cash-flowing 6-unit apartment building in desirable Bradley County--just minutes from I-75, Cleveland, and Chattanooga. The property is currently generating $4,047 per month in rental income with one vacant unit currently marketed for $850 per month, providing immediate upside for a new owner. The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low. Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes. With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio. Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.
REALTRACS as Distributed by MLS Grid #2710597
Aug 16, 2024
Sold
$503,000
$129/sq ft
GCAR #1394557
Aug 16, 2024
Sold
$503,000
$129/sq ft
Jul 2, 2024
Contingent
—
Jun 26, 2024
Listed
$503,000
$129/sq ft
+6
DON'T MISS THIS INVESTMENT OPPORTUNITY! The listing features a below-average rent rate that presents an opportunity for potential buyers to increase. Conveniently located right off i75 on the outskirts of beautiful Cleveland, TN. This property features 4 units with 1 bedroom and 1 bath and 2 units with 2 bedrooms and 1 bath. Don't miss out on this chance to capitalize on attractive rental yields and potential.
REALTRACS as Distributed by MLS Grid #3125291
Jun 4, 2019
Sold
$255,700
$66/sq ft
Jun 4, 2019
Listed
$269,000
$69/sq ft
REALTRACS as Distributed by MLS Grid #3125733
May 25, 2017
Sold
$120,000
$31/sq ft
May 25, 2017
Listed
$125,000
$32/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,596 (+1.2%)
$11,440 + $118,000
$129,440
2024
$1,577
$11,440 + $118,000
$129,440
2023
$1,577
$7,840 + $80,120
$87,960
2022
$1,577
$7,840 + $80,120
$87,960
2021
$1,577 (−27.5%)
$7,840 + $80,120
$87,960
2020
$2,176 (+9.2%)
$7,840 + $80,120
$87,960
2019
$1,993 (+5.9%)
$6,360 + $91,560
$97,920
2018
$1,882 (−15.7%)
$6,360 + $83,320
$89,680
2017
$2,232
$6,360 + $83,320
$89,680
Public record
Beds
—
Baths
6
Stories
1
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
1992
Finished Sq. Ft.
3,888
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,888
Year built
1972
Style
Multi-Family (5+ Unit)
County
Bradley County
APN
056 11500 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
3/10 Wind Factor
8% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Mc Donald, TN • 37353
Average low and high temperatures (°F)
47
27
57
35
70
44
77
53
77
59
86
66
90
72
85
67
82
63
73
51
64
43
53
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
66/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 578 Withrow Rd
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