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    Cleveland, TN Residential Income Properties for Sale

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    Mixed-Use Income Property
    Updated: Jun 15
    Mixed-Use Income Property

    1242 Ladd Springs Road SE, Cleveland, TN 37323

    $750,000
    8,814 sqft 1.10 AC lot
    Mixed‑use property with eight fully occupied 1‑bedroom apartments plus a central retail space
    One‑level layout with four apartment units on each side of the retail space
    Apartments feature open floorplans with luxury vinyl plank flooring and renovated bathrooms
    Utilities include cable; water from well and public, with septic tank sewer
    Construction is block; flooring is vinyl
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    This listing looks promising.

    Here's a quick look at some key insights for

    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

    • Price @ 7% Cap

      $936K
      Above asking

    • Last Sold

      Nov 2018
      $220K

    • Property Type

      Retail Stores
      Built 1976
    View Property Analytics
    Turnkey 5-Unit Townhouse Investment
    Updated: Apr 7
    Turnkey 5-Unit Townhouse Investment

    2861 Michigan Ave Road NE, Cleveland, TN 37323

    $999,900
    4,948 sqft
    5‑unit townhouse building built in 1997, fully tenant occupied
    Each unit features 2 bedrooms and 1.5 bathrooms
    Open floorplan interior features
    Central heating and central air conditioning
    Brick veneer and vinyl siding exterior with shingle roof
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    Four-Unit Townhome Investment
    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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    Corner Lot Office and Fourplex
    Corner Lot Office and Fourplex

    402 Inman Street East, Cleveland, TN 37311

    $1,500,000
    384 sqft 1.03 AC lot

    Three contiguous parcels include two office buildings and a residential fourplex on a highly visible corner lot.

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    92-Unit Apartment Community
    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 with recent exterior and interior upgrades and on-site pay-per-use laundry.

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    Dual-Zoned Residential Income Home
    Dual-Zoned Residential Income Home

    111 Old 25th Street NE, Cleveland, TN 37311

    $299,000
    1,404 sqft 0.23 AC lot

    A move-in-ready 2-bedroom, 1-bath home suited for rental use with both commercial and residential zoning.

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    Three-Unit Brick Triplex
    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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    Office Building with Penthouse Apartment
    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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    Corner Lot Investment Opportunity
    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
    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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    Mixed-Use Income Property with Retail
    Mixed-Use Income Property with Retail

    1242 Ladd Springs Road SE, Cleveland, TN 37323

    Contact for pricing
    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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    Small Commercial Building with Homes
    Small Commercial Building with Homes

    2537 Harrison Pike, Cleveland, TN 37311

    $350,000
    432 sqft 2.00 AC lot

    Includes a 562 SF commercial building plus three residences on a corner lot with 2.2 acres and 1,123 total road frontage.

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    Renovated Quadplex with Modern Updates
    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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    Stratford Village Four-Unit Townhomes
    Stratford Village Four-Unit Townhomes

    900 Stratford Cir NW, Cleveland, TN 37312

    Contact for pricing
    4,332 sqft

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

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    New Duplex in Growing Cleveland
    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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    New Duplex in Growing Cleveland
    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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    Multifamily Investment in Cleveland, Tennessee
    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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    Renovated Duplex with Income Potential
    Renovated Duplex with Income Potential

    1117/1119 Village Court, Cleveland, TN 37312

    $395,000
    2,035 sqft

    Luxury duplex featuring modern amenities and immediate income potential.

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    92-Unit Apartment Community
    92-Unit Apartment Community

    37000422 Stephens Rd Ne, Cleveland, TN 37312

    $7,999,900

    Well-maintained 92-unit apartment community with on-site laundry and recent exterior and interior upgrades.

    View details
    Brick Cottage Income Property
    Brick Cottage Income Property

    4410 Michigan Avenue Road NE, Cleveland, TN 37323

    $259,000
    1,510 sqft

    Brick cottage on 1.6 acres with 1 bedroom and 1.5 baths, offered furnished and supported by recent upgrades.

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    Two-Bedroom Duplex Residence
    Two-Bedroom Duplex Residence

    129 Skylar Drive, Cleveland, TN 37312

    $145,000

    Well-maintained one-level duplex with two bedrooms, two baths, and private exterior space on each side.

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    New Construction Duplex Near University
    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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    Multifamily Duplex in Cleveland, TN
    Multifamily Duplex in Cleveland, TN

    650 Central Ave NE, Cleveland, TN 37311

    Contact for pricing
    1,632 sqft

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

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    New Construction Duplex Near University
    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.

    View details

    Cleveland, TN Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Cleveland, TN, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 160,900 square feet of properties for sale, with an estimated market value of $28,715,200.

    Sale prices for residential income properties in Cleveland, TN start at $75,000, averaging $1,025,542, 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

    Commercial property segments ranked by active listings on the market

    Multifamily properties 31
    Duplexes 10
    Apartment buildings 8
    Quadplexes 8
    Short term rental properties 4

    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 $397.2K
    37323 $783.8K
    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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    Most Searched ZIP Codes in Cleveland, TN

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