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Multifamily Investment in Cleveland, Tennessee
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3716 Cliffside Drive Northeast, Cleveland, TN 37312

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

Property Size25,950 SF
Days on Market275

Property Features for 3716 Cliffside Drive Northeast

General Information

Standard status Active
Size 25,950 SF
Property subtype Multifamily

Building Details

Building Size 25,950 SF
Year Built 1974
Listing Agency:
Listed By: Andrew Agee
Source: Svn
Added: Nov 21, 2025 Changed: Aug 17 Last Checked: Aug 22 at 5:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew Agee

Investment Insights

Based on property information with market context.

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.

Key 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.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby

Demographics for 37312, TN

36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

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.
More about this property
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