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For sale
  • $599,000

    578 Withrow Rd, Mc Donald, TN 37353

    8beds
    3,888sqft
    : 
    $3,394/mo
    Get pre-qualified
    Multi Family
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $154/sqft
    $-- HOA

    What's special

    Low-maintenance brick exterior
    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Gina Shumway 770-686-9366,

    Keller Williams Realty 423-664-1600

    Source: Greater Chattanooga Realtors,MLS#: 1540695

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 6
      • Full bathrooms: 5
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Oven, Water Heater
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Luxury Vinyl
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 3,888
      • Total interior livable area: 3,888 sqft

      Property

      Parking
      • Parking features: Asphalt, Off Street, Parking Lot
      Features
      • Levels: Two
      • Patio & porch: Front Porch
      • Spa features: None
      • Fencing: None
      Lot
      • Size: 1 Acres
      • Dimensions: 186 x 208 x 171 x 176
      Details
      • Parcel number: 056 11500 000

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Brick/Mortar
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Mc Donald

      Financial & listing details

      • Price per square foot: $154/sqft
      • Tax assessed value: $323,600
      • Annual tax amount: $1,596
      • Date on market: 8/13/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,489/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$599,000+19.1%$154/sqft
        Source: Greater Chattanooga Realtors #1540695 Report a problem
        12/17/2024Listing removed$899-0.1%
        Source: Zillow Rentals Report a problem
        11/8/2024Price change$900-5.3%
        Source: Zillow Rentals Report a problem
        9/17/2024Listed for rent$950+72.7%
        Source: Zillow Rentals Report a problem
        8/16/2024Sold$503,000$129/sqft
        Source: Greater Chattanooga Realtors #1394557 Report a problem
        7/2/2024Contingent$503,000$129/sqft
        Source: Greater Chattanooga Realtors #1394557 Report a problem
        6/26/2024Listed for sale$503,000+96.7%$129/sqft
        Source: Greater Chattanooga Realtors #1394557 Report a problem
        6/6/2019Sold$255,700-4.9%$66/sqft
        Source: Public Record Report a problem
        4/2/2019Listed for sale$269,000+124.2%$69/sqft
        Source: Bender Realty #20191782 Report a problem
        1/4/2019Listing removed$550
        Source: Owner Report a problem
        1/1/2019Listed for rent$550
        Source: Owner Report a problem
        5/25/2017Sold$120,000$31/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $129,440 +47.2%
        2024$1,577 $87,960
        2023$1,577 $87,960
        2022$1,577 $87,960
        2021$1,577 -20.9%$87,960 -1.9%
        2019$1,993 +5.9%$89,680
        2018$1,883 +0%--
        2017$1,882 +71.4%--
        2016$1,098 --
        2015$1,098 +3.5%--
        2014$1,061 --
        2013-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37353

        Getting around

        25 / 100
        Car-Dependent
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Prospect Elementary
        • Middle: Ocoee Middle
        • High: Ocoee Middle/High

        Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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