Cleveland, TN Multifamily Properties for Sale

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Updated: Aug 12

5-Unit Townhouse Apartment Building

2861 Michigan Ave Road NE, Cleveland, TN 37323

$899,900

4,948 sqft

Five 2‑bedroom, 1.5‑bath townhouse units
All 5 units are currently occupied
4948 square feet of total property size
1997 construction with brick veneer and vinyl siding
Open floorplans with laminate flooring and decks

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Updated: Jun 15

Single-Level Mixed-Use Property

1242 Ladd Springs Road SE, Cleveland, TN 37323

$725,000

8,814 sqft 1.10 AC lot

Eight occupied one‑bedroom apartments
Central retail space with four apartments on each side
8,814‑square‑foot building on 1.1 acres
Updated bathrooms and luxury vinyl plank flooring
Commercial zoning and single‑level layout

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92-Unit Apartment Community

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

$7,499,000

61,954 sqft 5.36 AC lot

Well maintained 92-unit apartment community zoned Commercial with public water and sewer.

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Mixed-Use Property with Retail

1242 Ladd Springs Road, SE, Cleveland, TN 37323

$700,000

8,814 sqft

Single-level property combines eight occupied apartments with a centrally positioned retail component and updated residential finishes.

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Four-Unit Townhome Quadplex

900 Stratford Circle NW, Cleveland, TN 37312

$660,000

4,336 sqft

Four individually configured townhome units provide a multifamily property with off-street parking and public utilities.

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Duplex with En Suite Bedrooms

1117/1119 Village Court, Cleveland, TN 37312

$395,000

2,035 sqft

Two units combine private bedroom suites, updated kitchens, outdoor decking, and one occupied side.

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Triplex Ranch with Attached Garage

2609 Campbell Bridge Road NW, Cleveland, TN 37312

$360,000

1,925 sqft

Brick triplex on a flat half-acre lot with one extra-long attached one-car garage on an end unit.

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Four-Unit Townhome Quadplex

900 Stratford Cir NW, Cleveland, TN 37312

$660,000

4,336 sqft

Four two-story residences provide two bedrooms and one-and-a-half bathrooms per unit.

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Mixed-Use Property with Fourplex

402 Inman Street W, Cleveland, TN 37311

$1,500,000

384 sqft 0.39 AC lot

Commercial property combining office buildings, a residential fourplex, and billboard income within a multi-parcel Cleveland site.

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Renovated Four-Unit Quadplex

650 Railroad Street NE, Cleveland, TN 37311

$329,000

2,288 sqft 0.29 AC lot

Four one-bedroom units feature updated interiors, new plumbing, and ductless heating and cooling systems.

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Brick Triplex with Attached Garage

2609 Campbell Bridge Road, NW, Cleveland, TN 37312

$349,900

1,925 sqft 0.50 AC lot

Three residential units feature one-bedroom layouts, individual parking, and month-to-month tenancy.

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Renovated Quadplex

1514 Aurora Avenue SE, Cleveland, TN 37311

$329,000

2,108 sqft 0.37 AC lot

Four residential units feature updated systems, modern finishes, and washer/dryer hookups.

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New Construction Duplex

1745 Carolina Avenue NE, Cleveland, TN 37311

$479,000

2,280 sqft 0.17 AC lot

Two three-bedroom residences offer flexible layouts near Lee University, with a basement prepared for future expansion.

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Renovated Four-Unit Quadplex

650 Railroad Street, NE, Cleveland, TN 37311

$329,000

1,144 sqft

Four one-bedroom, one-bath units include updated interiors and mini-split heating and cooling systems.

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Brand-New Construction Duplex

116 & 118 Courtland Crest Drive SW, Cleveland, TN 37311

$479,900

1,250 sqft

Newly under-construction two-unit duplex with separate utility metering, central HVAC, and modern finishes.

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New Construction Duplex

116 & 118 Courtland Crest Drive SW, Cleveland, TN 37311

$479,900

2,450 sqft 0.17 AC lot

Two separately metered residences offer townhome-style layouts with stainless appliances, granite countertops, and public utilities.

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Renovated Quadplex with Mini-Splits

1514 Aurora Avenue, SE, Cleveland, TN 37311

$329,000

2,108 sqft

Four one-bedroom units include updated cabinets, individual heating and cooling, and washer/dryer hookups.

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New Construction Quadplex with Garages

1808,1806, 1804,1802 Arbor Hills Drive lot: 26, Cleveland, TN 37323

$1,069,900

6,080 sqft 0.14 AC lot

Four townhome-style units feature contemporary finishes, attached garages, and public sewer service within an established community.

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Renovated Two-Unit Duplex

11171119 Village Ct, Cleveland, TN 37312

$395,000

2,035 sqft

Both residences feature en suite bedrooms, updated kitchens, and open living areas.

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Brick Cottage Short-Term Rental

4410 Michigan Avenue Road NE, Cleveland, TN 37323

$259,000

1,510 sqft

Brick cottage with one bedroom and 1.5 baths, furnished for short-term stays and supported by established Airbnb performance.

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New Construction Duplex with Basement

1745 Carolina Ave Ne, Cleveland, TN 37311

$479,000

1,140 sqft

Two three-bedroom residences near Lee University, with basement plumbing roughed in for a possible future third unit.

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New Construction Duplex Near University

1745 Carolina Avenue NE, Cleveland, TN 37311

$479,000

1,140 sqft

New construction duplex near Lee University with income potential.

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Mixed-Use Property With Three Homes

2537 Harrison Pike, Cleveland, TN 37311

$350,000

562 sqft 2.20 AC lot

Corner acreage combines three homes with a separate commercial building and extensive road frontage.

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Fully Renovated Executive Office Suites

2500 Executive Park Drive NW, Cleveland, TN 37312

$499,000

4,342 sqft 0.30 AC lot

Executive office suites plus a fully renovated penthouse apartment with all suites currently leased.

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Cleveland, TN Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Cleveland, TN, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 168,764 square feet of properties for sale, with an estimated market value of $29,378,400.

Sale prices for multifamily properties in Cleveland, TN start at $140,000, averaging $1,013,048, and reaching up to $7,499,000 — 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

Commercial property segments ranked by active listings on the market

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 average listing prices of real estate assets

Neighborhood	Average Price
37311	$477.1K
37323	$785.6K
37312	$1.8M

Taxes & Financing

Tax Rate (average for all types) 1.44%

Property Tax per SF $31.91 per SF

Tax Rate vs County Average 0.04 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bradley County

New Delisted

Total CRE Inventory on Market (SF)

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Cleveland, TN Multifamily Properties for Sale

2861 Michigan Ave Road NE, Cleveland, TN 37323

1242 Ladd Springs Road SE, Cleveland, TN 37323

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

1242 Ladd Springs Road, SE, Cleveland, TN 37323

900 Stratford Circle NW, Cleveland, TN 37312

1117/1119 Village Court, Cleveland, TN 37312

2609 Campbell Bridge Road NW, Cleveland, TN 37312

900 Stratford Cir NW, Cleveland, TN 37312