3540 Adkisson Drive NW Cleveland, TN $ 1,499,000
3540 Adkisson Drive NW
$ 1,499,000
Share Save

3540 Adkisson Drive NW

Cleveland, TN, 37312
$ 1,499,000
Baths0.0 Sq 5,022

Monthly Estimate*

$ 9,465

3540 Adkisson Drive NW, Cleveland, TN 37312 - Image 1
3540 Adkisson Drive NW, Cleveland, TN 37312 - Image 2
3540 Adkisson Drive NW, Cleveland, TN 37312 - Image 3
Studio

Multi-Family Home for sale in Cleveland, TN

for $1,499,000. This 5,022 square foot home was built in 1986.

This 16-unit multifamily opportunity (two buildings with 8 units each) offers a compelling value-add investment in a high-demand rental corridor adjacent to Cleveland State Community College. The property consists of all 1 bed / 1 bath units, ideally suited for student housing, providing consistent occupancy potential and reliable rental demand. Constructed of low-maintenance brick, the asset includes an on-site laundry facility, creating an additional income stream opportunity. With its prime location near campus, tenants benefit from walkable access to school and a short drive to restaurants, retail, and I-75, enhancing long-term desirability. Value-add potential exists through interior upgrades, rent optimization, and operational efficiencies--positioning this asset for increased NOI and long-term appreciation. Ideal for investors seeking stable cash flow with upside, this property combines location, durability, and scalability in a growing rental market.

See more

Multi-Family Active

Price

$ 1,499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,907

Style

Multi Family

Year Built

1986

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

3217070

Features
General
Living Area 5022
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Shingle
Security Features Smoke Detector(s)
Construction Materials Brick Other
Year Built 1986
Tenant Pays Other Electricity
Stories Count 2
Levels Two
County Bradley County TN
New Construction N
Property Type Residential Income
Attached Garage N
Rent Includes Other
Status Active
Buyer Financing Conventional Other
Directions From Paul Huff Turn left onto Adkisson Dr NW. Property on Left.
High School Cleveland High
City Cleveland
Senior Community Y/N N
Number Of Units Total 16
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 5907
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
See more
Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
See more
Exterior
Parking Features Concrete Paved
Water Source Public
Total Parking 0
Building Area Total 5022
Lot Dimensions 202 x 201
Waterfront Y/N N
Covered Spaces 0
See more
Internal Only
Street Number 1 3540
See more
* Excluded Features
List By
Award Realty Ii

Broker

hdavis1320@gmail.com

Email

Affordability Calculator

$9,957
Per Month
95%
5%
0%
Monthly Principal & Interest
$9,465
Monthly Property Taxes
$492
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4824367 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$1,499,000 -6.31% Price Down
5/20/2026$1,600,000 Listed Price

Map


See all

3540 Adkisson Drive NW, Cleveland, TN, 37312 is a Multi-Family Home for sale at $1,499,000 with 5,022 sqft. 3540 Adkisson Drive NW is a studio with 0.0 baths and was built in 1986. The property's zip code is 37312 which is in Cleveland, TN