92-Unit Apartment Community
3700/04/22 Stephens Road NE, Cleveland, TN 37312
COMMERCIAL - Cleveland, TN
Property size:
61,954 SFLot size:
5.36 AcresPrice / SF:
$137/SF- Added:
- Mar 11, 2026
- Days on Market:
- 63
- Last Refresh:
- May 12 at 11:06 pm
Property Features for 3700/04/22 Stephens Road NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 133
- Parking features
- Assigned, Parking Lot
- Exterior features
- Rain Gutters
- Appliances
- Electric Range, Refrigerator
- Standard status
- Active
- APN
- 042n B 003.00/003.01/003.02
- Size
- 61,954 SF
- Lot size
- 5.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 36358
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Multi Units, Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1984
- Flooring type
- Laminate, Vinyl, Carpet
- Building materials
- Brick Veneer, Vinyl Siding
Listing agent Max Phillips License #203547 (423) 596-7173
Listing office Crye-Leike REALTORS - Cleveland 4627 N Lee Highway, TN (423) 473-9545
Listing date Mar 11, 2026
MLS# 20261220
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Cleveland location, just 5 minutes from city amenities.
- Extensive recent capital improvements, including new roofs, windows, paving, and updated siding.
- Desirable unit mix with a total of 92 units, including one and two‑bedroom options.
- Significant interior upgrades, including new flooring in 90% of units and new HVAC systems in 80% of units.
- Convenient access to shopping, dining, schools, and major routes.
- Community laundry facility available for tenants.
Overview
This well-maintained 92-unit apartment community presents an excellent investment opportunity in a prime Cleveland, Tennessee location, situated just 5 minutes from local amenities. The property features a desirable unit mix, including 64 one-bedroom/one-bath units, 19 two-bedroom/one-and-a-half-bath units, 8 two-bedroom/one-and-a-half-bath units with washer & dryer hookups, and 1 one-bedroom/one-bath unit with washer & dryer hookup. Tenants have access to a community laundry facility with pay-per-use washers & dryers. Significant capital improvements have been completed, including replacement of the main water line, new roofs, new windows, new steel steps, new paving, new gutters, updated siding and exterior paints, & new dumpsters. Interior upgrades include Allure Traffic Master flooring installed in approximately 90 percent of the units, new HVAC systems in an estimated 80 percent of the units, & new appliances. A substantial number of trees have been removed, enhancing visibility & overall curb appeal. Located in a superb, highly convenient area, the apartment community offers residents quick access to shopping, dining, schools, & major routes, making it a consistently desirable place to live. The property consists of fourteen buildings on a 5.36-acre lot. Seven buildings were built in 1978 & the other seven buildings were built in 1984. The owner currently pays water & sewer.
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
- -84.83807
- Latitude
- 35.183829
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained apartment complex in a prime Cleveland, Tennessee location.
Where is this apartment building located?
The property is located at 3700/04/22 Stephens Road NE Cleveland, TN.
What is the asking price?
The asking price for this property is $8,499,900.
What are key features of this property?
This property features: Prime Cleveland location, just 5 minutes from city amenities.; Extensive recent capital improvements, including **new roofs, windows, paving, and updated siding.**; Desirable unit mix with a total of 92 units, including one and two‑bedroom options.
