Multifamily Investment in Cleveland,
3716 Cliffside Drive Northeast, Cleveland, TN 37312
Well-maintained 31-unit multifamily property with renovation upside.
Type:Multifamily
Property size:
25,950 SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- May 8 at 10:40 pm
Property Features for 3716 Cliffside Drive Northeast
General Information
- Standard status
- Active
- Size
- 25,950 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agent Andrew Agee (256) 653-0065
Listing office (256) 653-0065
Listing date Nov 21, 2025
Source Svn
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All listing content including descriptions, pricing, images are the copyrighted material of Andrew Agee
HighLights
- High occupancy & solid rental history: stabilized occupancy exceeding 95% demonstrates strong tenant demand and consistent income.
- Significant renovation upside: 71% of units already renovated with modern finishes, providing opportunity to increase rents by completing renovations on the remaining 29%.
- Strong location: prime location in Cleveland, TN, near the growing Chattanooga MSA, offering access to a larger economic base and convenient access to local universities.
- Attractive investment opportunity: achieving expense‑adjusted cap rates over 6.5% at the ask price of $3,515,000.
- Well‑maintained property: only 2 owners in the property's history, indicating consistent upkeep and thoughtful renovations.
- Proximity to educational institutions: convenient access to Lee University and Cleveland State Community College, attracting students, faculty, and staff.
Overview
The Vue on Cliffside is a 31-unit multifamily property located in Cleveland, Tennessee, near the Chattanooga Metropolitan Statistical Area. Constructed in 1974 and renovated in 2022, the property consists of four buildings situated on three sites in close proximity to one another. A significant portion, 71%, of the units have been renovated with modern finishes. The property has a solid rental history and high occupancy, exceeding 95%. The location benefits from a $70,000+ average household income within a 0.3-mile radius. The property is located in close proximity to Lee University and Cleveland State Community College. The property is well-maintained and thoughtfully renovated, with only two owners in its history. The property offers convenient access to local universities, making it an attractive option for students, faculty, and staff. Cleveland's economy is supported by education, healthcare, and manufacturing sectors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.8424
- Latitude
- 35.1853
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 31-unit multifamily property with renovation upside.
Where is this apartment building located?
The property is located at 3716 Cliffside Drive Northeast Cleveland, TN.
What are key features of this property?
This property features: High occupancy & solid rental history: stabilized occupancy exceeding 95% demonstrates strong tenant demand and consistent income.; Significant renovation upside: 71% of units already renovated with modern finishes, providing opportunity to increase rents by completing renovations on the remaining 29%.; Strong location: prime location in Cleveland, TN, near the growing Chattanooga MSA, offering access to a larger economic base and convenient access to local universities.
