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32-Unit Apartment Buildings
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1880 Green Dr NW, Cleveland, TN 37311

Two adjacent buildings offer one-bedroom residences with PTEC heating and cooling.

Property SizeContact for details
Days on Market145

Property Features for 1880 Green Dr NW

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 32 x 1BR/1BA
Multifamily Units 32

Building Details

Buildings 2
Listing Agency: Oliver Smith Realty & Development Company
Listed By: Will Wegner · License #TN | 367583
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:46AM

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 Oliver Smith Realty & Development Company

Investment Insights

Based on property information with market context.

Green Drive Apartments comprises 32 apartments across two neighboring buildings on Green Drive NW in Cleveland, Tennessee. The property includes 32 one-bedroom, one-bath units averaging roughly 500 square feet, with PTEC heating and cooling systems serving both buildings.

Residents pay their own electricity, while water is currently paid by the landlord. The property has no common-area electricity expense, and trash costs are included in city and county taxes. Pre-approved zoning allows for 4–8 townhouse-style units between the existing buildings. Chattanooga is approximately a half-hour west of Cleveland.

Key Highlights

  • 32 apartments across two adjacent buildings
  • Unit mix consists of 32 one‑bedroom, one‑bath apartments
  • Units average roughly 500 sq ft

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Dental Office Computer & Electronic Repair Carpet & Flooring Store (Bike/Boat/Book/etc) 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.

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

279
Businesses Nearby

Demographics for 37311, TN

29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
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 - Two adjacent buildings offer one-bedroom residences with PTEC heating and cooling.
Where is this apartment building located?
The property is located at 1880 Green Dr NW Cleveland, TN.
What are key features of this property?
This property features: 32 apartments across two adjacent buildings; Unit mix consists of 32 one‑bedroom, one‑bath apartments; Units average roughly 500 sq ft
(513) 745-9333 Call to check price and availability
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