Renovated 12-Unit Apartment
For Sale
Contact for pricing
Pending
563 Central Ave NE, Cleveland, TN 37311
Two updated buildings contain compact units with individual HVAC, ranges, and refrigerators.
Property SizeContact for details
Days on Market144
Property Features for 563 Central Ave NE
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily
Additional Details
Multifamily Units
12
Building Details
Year Renovated
2020
Buildings
2
Listing Agency:
Keller Williams Chattanooga - East Brainerd
Listed By:
Alissa Norgren · License #378637
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Sep 1 at 5:00AM
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 Keller Williams Chattanooga - East Brainerd
Investment Insights
Based on property information with market context.
This multifamily property comprises two apartment buildings with six units in each, for a total of 12 units. Renovations were completed in 2020 across both interiors and exteriors. Each approximately 406 sq. ft. unit includes a living room, kitchen, bathroom, bedroom, and closet, along with its own heat/air system, range, and refrigerator. Tenants pay rent weekly.
The buildings are located at 563 Central Ave NE and 385 Dooley St in Cleveland, Tennessee. The property is minutes from Lee University and downtown Cleveland, with schools, shops, restaurants, and entertainment nearby.
The buildings are located at 563 Central Ave NE and 385 Dooley St in Cleveland, Tennessee. The property is minutes from Lee University and downtown Cleveland, with schools, shops, restaurants, and entertainment nearby.
Key Highlights
- 12‑unit apartment complex arranged across two buildings
- Six units in each building at 563 Central Ave NE and 385 Dooley St
- Renovations completed in 2020, including interior and exterior updates
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two updated buildings contain compact units with individual HVAC, ranges, and refrigerators.
Where is this apartment building located?
The property is located at 563 Central Ave NE Cleveland, TN.
What are key features of this property?
This property features: 12‑unit apartment complex arranged across two buildings; Six units in each building at 563 Central Ave NE and 385 Dooley St; Renovations completed in 2020, including interior and exterior updates
