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    Cleveland, TN Multifamily Properties for Sale

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    Mc Donald, TN Georgetown, TN Charleston, TN
    37 results
    92-Unit Apartment Community in Cleveland
    $7,999,900
    61,954 SF

    92-Unit Apartment Community in Cleveland

    3700/04/22 Stephens Road NE, Cleveland, TN 37312

    Well-maintained apartment complex with recent improvements in a prime location.

    • Prime Cleveland location, just 5 minutes from everything Cleveland has to offer.
    • 92‑unit apartment community with a desirable unit mix.
    • Extensive recent capital improvements including new roofs, windows, paving, and updated siding.
    • Interior upgrades including Allure Traffic Master flooring in approximately 90% of units and new HVAC systems in an estimated 80% of the units.
    • Strong investment opportunity due to established community and attractive unit options.
    Updated: Mar 11
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    Renovated Quadplex Investment Opportunity
    $329,000
    2,288 SF

    Renovated Quadplex Investment Opportunity

    650 Railroad Street NE, Cleveland, TN 37311

    Fully renovated quadplex with four units, ideal for investors.

    • Fully renovated quadplex offering immediate rental income potential.
    • Each unit features 1 bedroom and 1 bathroom with updated interiors.
    • Brand‑new plumbing and efficient mini‑split heating and cooling systems installed.
    • Turnkey property with fresh finishes, ready for tenants.
    • Durable exterior with brick veneer, vinyl siding, and metal roof.
    Updated: Apr 15
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    New Duplex in Growing Market
    $439,000
    2,040 SF

    New Duplex in Growing Market

    New construction duplex near downtown Cleveland, offering income potential.

    1622/1624 21st Street SE, Cleveland, TN 37311
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    Renovated Quadplex with Modern Updates
    $329,000
    2,108 SF

    Renovated Quadplex with Modern Updates

    Updated quadplex featuring new roof, mini-splits, and in-unit laundry.

    1514 Aurora Avenue SE, Cleveland, TN 37311
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    New Duplex in Growing Cleveland
    $479,900
    2,450 SF

    New Duplex in Growing Cleveland

    New construction duplex in Cleveland, TN, estimated completion May 2026.

    116 & 118 Courtland Crest Drive SW, Cleveland, TN 37311
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    Executive Suites with Penthouse Apartment
    $499,000
    4,342 SF

    Executive Suites with Penthouse Apartment

    Commercial building with executive suites and renovated penthouse apartment.

    2500 Executive Park Drive NW, Cleveland, TN 37312
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    New Construction Duplex Near University
    $479,000
    2,280 SF

    New Construction Duplex Near University

    New construction duplex near Lee University with income potential.

    1745 Carolina Avenue NE, Cleveland, TN 37311
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    Charming Cottage with Airbnb Success
    $265,000
    1,510 SF

    Charming Cottage with Airbnb Success

    Brick cottage with proven Airbnb success on 1.6 acres.

    4410 Michigan Avenue Road NE, Cleveland, TN 37323
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    Four-Unit Townhome Investment
    $660,000
    4,336 SF

    Four-Unit Townhome Investment

    Well-maintained four-unit townhome property near I-75, offering an established rental history for long-term investors.

    900 Stratford Circle NW, Cleveland, TN 37312
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    Corner Lot Investment Opportunity
    $1,500,000
    384 SF

    Corner Lot Investment Opportunity

    High-traffic corner lot with income potential in Cleveland, TN.

    402 Inman Street W, Cleveland, TN 37311
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    New Duplex in Growing Cleveland
    $479,900
    1,250 SF

    New Duplex in Growing Cleveland

    New construction duplex in Cleveland, TN, ready May 2026.

    116 & 118 Courtland Crest Drive SW, Cleveland, TN 37311
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    New Duplex in Growing Cleveland
    $479,900
    1,250 SF

    New Duplex in Growing Cleveland

    New construction duplex in Cleveland, TN, ready January 2026.

    122 & 124 Courtland Crest Drive SW, Cleveland, TN 37311
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    Renovated Duplex with Income Potential
    $395,000
    2,035 SF

    Renovated Duplex with Income Potential

    Luxury duplex featuring modern amenities and immediate income potential.

    1117/1119 Village Court, Cleveland, TN 37312
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    New Construction Duplex Near University
    $479,000
    1,140 SF

    New Construction Duplex Near University

    New construction duplex near Lee University with income potential.

    1745 Carolina Avenue NE, Cleveland, TN 37311
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    Cleveland Multifamily Property For Sale
    $550,000
    4,400 SF

    Cleveland Multifamily Property For Sale

    Two duplexes on two parcels, commercially zoned in Cleveland, TN.

    2530-2560 NE N Ocoee Street NE, Cleveland, TN 37312
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    Turnkey 5-Unit Townhouse Investment
    $999,900
    4,948 SF

    Turnkey 5-Unit Townhouse Investment

    Tenant-occupied 5-unit apartment building in a high-demand area.

    2861 Michigan Ave Road NE, Cleveland, TN 37323
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    Multi-Unit Building Under Construction
    $125,000
    1,632 SF

    Multi-Unit Building Under Construction

    Multi-unit building under construction with potential for rental income.

    650 Central Avenue NE, Cleveland, TN 37311
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    New Quadruplex Townhome-Style Investment
    $1,060,000
    6,040 SF

    New Quadruplex Townhome-Style Investment

    New construction quadruplex with townhome-style units, stainless appliances, and garages.

    1922,1924, 1926,1928 Cypress Lane, Cleveland, TN 37323
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    Stratford Village Four-Unit Townhomes
    $660,000
    4,332 SF

    Stratford Village Four-Unit Townhomes

    Four well-maintained townhome units in Cleveland's Stratford Village.

    900 Stratford Cir NW, Cleveland, TN 37312
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    Turnkey Investment in Cleveland, TN
    $245,000
    2,934 SF

    Turnkey Investment in Cleveland, TN

    Fully leased multi-building property in downtown Cleveland, Tennessee.

    1600/1610 Chippewa Avenue SE, Cleveland, TN 37311
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    92-Unit Apartment Community in Cleveland
    $8,499,900

    92-Unit Apartment Community in Cleveland

    Well-maintained apartment community with recent improvements in a prime location.

    3700 Stephens Road NE, Cleveland, TN 37312
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    Duplex in Northeast City Location
    $239,900
    840 SF

    Duplex in Northeast City Location

    Duplex with tenant-paid utilities, ideal for investment or owner-occupancy.

    3301/3303 NE Steeple Circle, Cleveland, TN 37312
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    Duplex in Northeast Cleveland
    $239,900
    840 SF

    Duplex in Northeast Cleveland

    Duplex with tenant-paid utilities, ideal for investment or owner-occupancy.

    3358/3360 NE Steeple Circle, Cleveland, TN 37312
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    Duplex in Northeast Cleveland
    $239,900
    840 SF

    Duplex in Northeast Cleveland

    Duplex with two units, great investment opportunity.

    3313/3315 NE Steeple Circle, Cleveland, TN 37312
    View details

    Cleveland, TN Multifamily Properties Investment Opportunities Market Analysis

    Explore 64 multifamily properties for sale in Cleveland, TN, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 134,709 square feet of properties for sale, with an estimated market value of $22,361,200.

    Sale prices for multifamily properties in Cleveland, TN start at $125,000, averaging $638,891, and reaching up to $7,999,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 22
    Quadplexes 8
    Apartment buildings 3
    Short term rental properties 3

    Demographics Overview

    Population 99K
    Population Growth (5Y) +5.8%
    Median Household Income $63,951
    College Educated 20.2%

    High-Yield Neighborhoods for Investment

    Identify Cleveland submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    37311 $457.5K
    37323 $775K
    37312 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.44%
    Property Tax per SF $31.91 per sq ft
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Cleveland, TN

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