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.
For sale
Price cut: $30K (9/7)
$569,000
578 Withrow Rd, Mc Donald, TN 37353
8beds
3,888sqft
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$146/sqft
$-- HOA
What's special
Low-maintenance brick exterior
- 32 days
- 233
- 18
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: $146/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
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Price change | $569,000-5%$146/sqft |
Source: Greater Chattanooga Realtors #1540695 Report a problem | ||
| 8/13/2026 | Listed for sale | $599,000+19.1%$154/sqft |
Source: Greater Chattanooga Realtors #1540695 Report a problem | ||
| 12/17/2024 | Listing removed | $899-0.1% |
Source: Zillow Rentals Report a problem | ||
| 11/8/2024 | Price change | $900-5.3% |
Source: Zillow Rentals Report a problem | ||
| 9/17/2024 | Listed for rent | $950+72.7% |
Source: Zillow Rentals Report a problem | ||
| 8/16/2024 | Sold | $503,000$129/sqft |
Source: Greater Chattanooga Realtors #1394557 Report a problem | ||
| 7/2/2024 | Contingent | $503,000$129/sqft |
Source: Greater Chattanooga Realtors #1394557 Report a problem | ||
| 6/26/2024 | Listed for sale | $503,000+96.7%$129/sqft |
Source: Greater Chattanooga Realtors #1394557 Report a problem | ||
| 6/6/2019 | Sold | $255,700-4.9%$66/sqft |
Source: Public Record Report a problem | ||
| 4/2/2019 | Listed for sale | $269,000+124.2%$69/sqft |
Source: Bender Realty #20191782 Report a problem | ||
| 1/4/2019 | Listing removed | $550 |
Source: Owner Report a problem | ||
| 1/1/2019 | Listed for rent | $550 |
Source: Owner Report a problem | ||
| 5/25/2017 | Sold | $120,000$31/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 37353
Nearby schools
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.





