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    Cleveland, TN Apartment Buildings for Sale

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    Mixed-Use Income Property
    Updated: Jun 15
    Mixed-Use Income Property

    1242 Ladd Springs Road SE, Cleveland, TN 37323

    $750,000
    8,814 sqft 1.10 AC lot
    Mixed‑use property with eight fully occupied 1‑bedroom apartments plus a central retail space
    One‑level layout with four apartment units on each side of the retail space
    Apartments feature open floorplans with luxury vinyl plank flooring and renovated bathrooms
    Utilities include cable; water from well and public, with septic tank sewer
    Construction is block; flooring is vinyl
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    This listing looks promising.

    Here's a quick look at some key insights for

    1242 Ladd Springs Road SE, Cleveland, TN 37323

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    • Est. Cap Rate

      8.7%
      Above avg (5.9%)

    • Est. NOI

      $66K
      Annual

    • Price @ 7% Cap

      $936K
      Above asking

    • Last Sold

      Nov 2018
      $220K

    • Property Type

      Retail Stores
      Built 1976
    View Property Analytics
    Turnkey 5-Unit Townhouse Investment
    Updated: Apr 7
    Turnkey 5-Unit Townhouse Investment

    2861 Michigan Ave Road NE, Cleveland, TN 37323

    $999,900
    4,948 sqft
    5‑unit townhouse building built in 1997, fully tenant occupied
    Each unit features 2 bedrooms and 1.5 bathrooms
    Open floorplan interior features
    Central heating and central air conditioning
    Brick veneer and vinyl siding exterior with shingle roof
    View details
    92-Unit Apartment Community
    92-Unit Apartment Community

    3700/04/22 Stephens Road NE, Cleveland, TN 37312

    $7,499,000
    61,954 sqft 5.36 AC lot

    Well-maintained 92-unit apartment community with recent exterior and interior upgrades and on-site pay-per-use laundry.

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    Mixed-Use Income Property with Retail
    Mixed-Use Income Property with Retail

    1242 Ladd Springs Road SE, Cleveland, TN 37323

    Contact for pricing
    8,814 sqft

    One-level building with eight occupied one-bedroom apartments and central retail space for stable residential and commercial income.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multifamily Investment in Cleveland, Tennessee
    Multifamily Investment in Cleveland, Tennessee

    3716 Cliffside Drive Northeast, Cleveland, TN 37312

    Contact for pricing
    25,950 sqft

    Well-maintained 31-unit multifamily property with renovation upside.

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    92-Unit Apartment Community
    92-Unit Apartment Community

    37000422 Stephens Rd Ne, Cleveland, TN 37312

    $7,999,900

    Well-maintained 92-unit apartment community with on-site laundry and recent exterior and interior upgrades.

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    92-Unit Apartment Community in Cleveland
    92-Unit Apartment Community in Cleveland

    3700 Stephens Road NE, Cleveland, TN 37312

    Contact for pricing

    Well-maintained apartment community with recent improvements in a prime location.

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    Furnished Efficiency Apartment Building
    Furnished Efficiency Apartment Building

    1300 S Lee Hwy, Cleveland, TN 37311

    Contact for pricing

    Recent conversion offers furnished efficiency units with full baths and kitchenettes, plus parking on-site.

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    Based on your search, we've compiled 36 Potential Opportunities for your consideration. Besides 8 Active listings in Cleveland, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Twelve Properties in Etowah, TN
    Twelve Properties in Etowah, TN

    128 County Road 882, Etowah, TN 37331

    $1,400,000
    576 sqft 4.17 AC lot

    Investment opportunity: 11 cabins and one doublewide with signed leases.

    View details
    Multifamily Cabin Portfolio
    Multifamily Cabin Portfolio

    128 County Road 882, Etowah, TN 37331

    $1,400,000
    576 sqft

    Portfolio includes 11 leased cabins and one doublewide, with two additional cabins under construction.

    View details
    Renovated Multifamily Investment Opportunity
    Renovated Multifamily Investment Opportunity

    100 Creeks Bend Drive, Ringgold, GA 30736

    $1,100,000
    9,060 sqft

    Ten-unit multifamily property in Ringgold, GA, renovated in 2024.

    View details
    Multifamily Apartment Building
    Multifamily Apartment Building

    335 Chapman Rd, Ringgold, GA 30736

    Contact for pricing

    Apartment building for sale offering 32 units with a 2-bedroom, 1-bathroom unit mix.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Off-Market Properties in Cleveland, TN

    Consider similar Off-Market properties in Cleveland, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1504 14th SE St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1504 14th SE St, Cleveland, TN 37311-3198

    Value Estimation by Request
    1,944 sqft 0.53 AC lot
    View details
    1510 14th SE St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1510 14th SE St, Cleveland, TN 37311-3199

    Value Estimation by Request
    1,920 sqft 0.38 AC lot
    View details
    140 Edwards NE St
    APARTMENT HOUSE (UNDER 5 UNITS)

    140 Edwards NE St, Cleveland, TN 37311-5313

    Value Estimation by Request
    89,414 sqft 0.98 AC lot
    View details
    1401 Wildwood Lk SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1401 Wildwood Lk SE Rd, Cleveland, TN 37311-6999

    Value Estimation by Request
    2,675 sqft 4.00 AC lot
    View details
    655 5th NW St
    APARTMENT HOUSE (UNDER 5 UNITS)

    655 5th NW St, Cleveland, TN 37311-4990

    Value Estimation by Request
    3,720 sqft 0.96 AC lot
    View details
    1583 Perry SE St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1583 Perry SE St, Cleveland, TN 37311-3280

    Value Estimation by Request
    3,000 sqft 0.38 AC lot
    View details
    2049 Wynwood NW Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    2049 Wynwood NW Dr, Cleveland, TN 37311-1100

    $910,000
    Estimated value
    3,760 sqft 0.37 AC lot
    View details
    2196 Dalton SE Pike
    APARTMENT HOUSE (UNDER 5 UNITS)

    2196 Dalton SE Pike, Cleveland, TN 37311-7750

    Value Estimation by Request
    2,424 sqft 1.49 AC lot
    View details
    1102 Victory SW St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1102 Victory SW St, Cleveland, TN 37311-6781

    Value Estimation by Request
    1,850 sqft 0.30 AC lot
    View details
    3024 Blue Spgs SE Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    3024 Blue Spgs SE Rd, Cleveland, TN 37311-0814

    Value Estimation by Request
    4,416 sqft 0.52 AC lot
    View details
    210 Westside NW Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    210 Westside NW Dr, Cleveland, TN 37311-3496

    Value Estimation by Request
    2,046 sqft 2.70 AC lot
    View details
    795 6th NE St
    APARTMENT HOUSE (UNDER 5 UNITS)

    795 6th NE St, Cleveland, TN 37311-2388

    $780,000
    Estimated value
    9,880 sqft 9.00 AC lot
    View details
    2295 Georgetown Rd
    Multifamily properties

    2295 Georgetown Rd, Cleveland, TN 37311

    Value Estimation by Request
    4,368 sqft
    View details
    615-855 Brown Ave
    Multifamily properties

    615-855 Brown Ave, Cleveland, TN 37311

    Value Estimation by Request
    46,822 sqft
    View details
    855 Brown Ave
    Multifamily properties

    855 Brown Ave, Cleveland, TN 37311

    Value Estimation by Request
    5,856 sqft 0.27 AC lot
    View details
    101 Blythe Ferry Rd
    Multifamily properties

    101 Blythe Ferry Rd, Cleveland, TN 37312

    Value Estimation by Request
    6,514 sqft 0.93 AC lot
    View details

    Cleveland, TN Apartment Buildings Market Trends and Statistics

    Explore 28 apartment buildings for sale in Cleveland, TN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 110,480 square feet of properties for sale, with an estimated market value of $17,248,800.

    Sale prices for two-family homes in Cleveland, TN start at $750,000, averaging $4,312,200, and reaching up to $7,999,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 99K
    Population Growth (5Y) +5.8%
    Median Household Income $63,951
    College Educated 20.2%

    High-Yield Neighborhoods for Investment

    Identify Cleveland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37323 $866.6K
    37312 $8.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.44%
    Property Tax per SF $31.91 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bradley County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Cleveland, TN

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    • 37323
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