92-Unit Apartment Community in
For Sale
Contact for pricing
3700 Stephens Road NE, Cleveland, TN 37312
Well-maintained apartment community with recent improvements in a prime location.
Property SizeContact for details
Days on Market174
Property Features for 3700 Stephens Road NE
General Information
Standard status
Active
Class
A
Total Parking Spaces
133
Property subtype
Multifamily
Investment Type
Owner/User
Building Details
Stories
2
Units
92
Listing Agency:
Crye-Leike, REALTORS
(423) 596-7173
Listed By:
Max Phillips · License #TN 203547
Source:
Crexi
Added: Mar 12
Changed: Aug 16
Last Checked: Sep 1 at 11:36AM
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 Crye-Leike, REALTORS
Investment Insights
Based on property information with market context.
This well-maintained 92-unit apartment community is located in Cleveland, offering convenient access to shopping, dining, schools, and major routes. The property features a mix of units, 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, and 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, and new appliances. A substantial number of trees have been removed, enhancing visibility and curb appeal. The owner currently pays for water and sewer. The property is located just 5 minutes from everything Cleveland has to offer.
Key Highlights
- Prime Cleveland location, just 5 minutes from city amenities.
- Well‑maintained 92‑unit apartment community offering a strong investment opportunity.
- Extensive recent capital improvements including new roofs, windows, and updated paving.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment community with recent improvements in a prime location.
Where is this apartment building located?
The property is located at 3700 Stephens Road NE Cleveland, TN.
What is the asking price?
The asking price for this property is $7,499,000.
What are key features of this property?
This property features: Prime Cleveland location, just 5 minutes from city amenities.; Well‑maintained 92‑unit apartment community offering a strong investment opportunity.; Extensive recent capital improvements including new roofs, windows, and updated paving.
