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Townhome-Style Multifamily Building
For Sale
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855 Brown Ave NW, Cleveland, TN 37311

Townhome-style multifamily with eight units: four 2BR/1.5BA and four 1BR/1BA, plus new decks overlooking the Greenway.

Property SizeContact for details
Days on Market123

Property Features for 855 Brown Ave NW

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: K W Cleveland
Listed By: William Eilf · License #TN 337177
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 3:15AM

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 K W Cleveland

Investment Insights

Based on property information with market context.

Townhome-style multifamily building featuring eight apartment units total, including four 2-bedroom, 1.5-bath units and four 1-bedroom, 1-bath units. The property includes low-maintenance landscaping and new decks overlooking the Greenway.

The building is described as stabilized, and the offering is positioned as having value-add opportunity. It is located near Lee University and close to shopping and restaurants, which may support continued tenant demand in the area.

Additional apartment buildings are also listed for sale; call for details.

Key Highlights

  • Townhome‑style multifamily with 8 units total
  • Unit mix includes four 2BR/1.5BA and four 1BR/1BA
  • New decks overlooking the Greenway

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Acupuncture

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

983
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 - Townhome-style multifamily with eight units: four 2BR/1.5BA and four 1BR/1BA, plus new decks overlooking the Greenway.
Where is this apartment building located?
The property is located at 855 Brown Ave NW Cleveland, TN.
What are key features of this property?
This property features: Townhome‑style multifamily with 8 units total; Unit mix includes four 2BR/1.5BA and four 1BR/1BA; New decks overlooking the Greenway
(423) 813-9800 Call to check price and availability
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