Cleveland, TN Multifamily Properties for Sale

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Updated: Jun 15

Mixed-Use Residential and Retail Building

1242 Ladd Springs Road SE, Cleveland, TN 37323

$750,000

8,814 sqft 1.10 AC lot

Mixed‑use property with 8 one‑bedroom apartments and a central retail space
Eight apartments are fully occupied (fully leased) with consistent occupancy
Updated interiors: luxury vinyl plank flooring and renovated bathrooms in each apartment
Four apartment units on each side of the retail space on one level
Block construction; open floorplan; vinyl flooring

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1242 Ladd Springs Road SE, Cleveland, TN 37323

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$66K
Annual
Mortgage

$220K
Nov 2018
Last Sold

Nov 2018
$220K
Property Type

Retail Stores
Built 1976

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Updated: Mar 11

92-Unit Apartment Community

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

$7,499,000

61,954 sqft 5.36 AC lot

92‑unit apartment community with a unit mix of 64 one‑bed/1‑bath and 28 two‑bed units (various 1.5‑bath layouts)
Capital improvements include replacement of the main water line, new roofs, new windows, new steel steps, new paving, updated siding/exterior paint, and new gutters
Interior updates include flooring with Allure Traffic Master in about 90% of units, and new HVAC systems in an estimated 80% of units
Additional updates include new appliances and removal of a substantial number of trees (improving visibility/curb appeal)
Water source is public and sewer is public sewer; owner pays for water & sewer

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Turnkey 5-Unit Townhouse Investment

2861 Michigan Ave Road NE, Cleveland, TN 37323

$999,900

4,948 sqft

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

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Mixed-Use Income Property with Retail

1242 Ladd Springs Road SE, Cleveland, TN 37323

$750,000

8,814 sqft

One-level building with eight occupied one-bedroom apartments and central retail space for stable residential and commercial income.

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Corner Lot Investment Opportunity

402 Inman Street W, Cleveland, TN 37311

$1,500,000

384 sqft 0.39 AC lot

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

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Renovated Quadplex Investment Opportunity

650 Railroad Street NE, Cleveland, TN 37311

$329,000

2,288 sqft 0.29 AC lot

Fully renovated quadplex with four units, ideal for investors.

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Three-Unit Brick Triplex

2609 Campbell Bridge Road NW, Cleveland, TN 37312

$360,000

1,925 sqft

Updated triplex with separate living spaces, flat lot, and ample parking, offering straightforward rental use for investors or owner-operators.

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Stratford Village Four-Unit Townhomes

900 Stratford Cir NW, Cleveland, TN 37312

$660,000

4,332 sqft

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

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Four-Unit Townhome Investment

900 Stratford Circle NW, Cleveland, TN 37312

$660,000

4,336 sqft

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

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Renovated Quadplex with Modern Updates

1514 Aurora Avenue SE, Cleveland, TN 37311

$329,000

2,108 sqft 0.37 AC lot

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

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Office Building with Penthouse Apartment

2500 Executive Park Nw, Cleveland, TN 37312

$499,000

4,342 sqft

Renovated executive office suites with a fully renovated penthouse apartment above, with all suites currently leased.

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New Duplex in Growing Cleveland

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

$479,900

2,450 sqft 0.17 AC lot

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

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Executive Office Building with Apartment

2500 Executive Park Drive NW, Cleveland, TN 37312

$499,000

4,342 sqft 0.30 AC lot

For-sale commercial building with fully renovated executive office suites and a penthouse apartment above.

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Multifamily Duplex in Cleveland, TN

650 Central Ave NE, Cleveland, TN 37311

$125,000

1,632 sqft

Two-unit multifamily property for sale in Cleveland, Tennessee.

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New Duplex in Growing Cleveland

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

$479,900

1,250 sqft

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

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New Construction Duplex Near University

1745 Carolina Avenue NE, Cleveland, TN 37311

$479,000

2,280 sqft 0.17 AC lot

New construction duplex near Lee University with income potential.

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Multifamily Investment in Cleveland, Tennessee

3716 Cliffside Drive Northeast, Cleveland, TN 37312

Contact for pricing

25,950 sqft

Well-maintained 31-unit multifamily property with renovation upside.

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Cleveland Multifamily Property For Sale

2530-2560 NE N Ocoee Street NE, Cleveland, TN 37312

$550,000

4,400 sqft

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

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92-Unit Apartment Community in Cleveland

3700 Stephens Road NE, Cleveland, TN 37312

$7,874,900

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

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Partially Brick Quadplex

1375 Village Oak Circle NW, Cleveland, TN 37312

$369,900

2,232 sqft

Fully occupied quadruplex with mostly brick construction and recent updates, positioned just off major Cleveland roads.

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Duplex in Northwest Cleveland

1505/1507 Rustic NW Drive, Cleveland, TN 37312

$234,900

1,590 sqft

Duplex with two units in a desirable location.

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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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Duplex in Northeast City Location

3301/3303 NE Steeple Circle, Cleveland, TN 37312

$239,900

840 sqft 0.13 AC lot

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

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New Quadruplex Townhome-Style Investment

1922,1924, 1926,1928 Cypress Lane, Cleveland, TN 37323

$1,060,000

6,040 sqft 0.06 AC lot

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

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Cleveland, TN Multifamily Properties Market Trends and Statistics

Explore 57 multifamily properties for sale in Cleveland, TN, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 141,800 square feet of properties for sale, with an estimated market value of $20,880,300.

Sale prices for multifamily properties in Cleveland, TN start at $125,000, averaging $773,344, 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	$452.7K
37323	$915K
37312	$980.6K

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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