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Under contract - not showing
  • Price cut: $101K (6/17)
    $1,499,000

    3540 Adkisson Dr NW, Cleveland, TN 37312

    --beds
    --baths
    5,022sqft
    : 
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    Multi Family
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $298/sqft
    $-- HOA

    What's special

    Constructed of low-maintenance brickOn-site laundry facility
    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.
    115 days
    |
    137
    |
    10
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Heath Davis 423-476-3205,

    Award Realty II 423-476-3205,

    Elizabeth Davis,

    Award Realty II

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3217070MLS Logo

      Facts & features

      Interior

      Heating
      • Central, Electric
      Cooling
      • Central Air
      Features
      • Flooring: Laminate
      Interior area
      • Total structure area: 5,022
      • Total interior livable area: 5,022 sqft

      Property

      Parking
      • Parking features: Concrete, Paved
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.93 Acres
      • Dimensions: 202 x 201
      Details
      • Parcel number: 033M F 03400 000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick, Other
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1986

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Water Available

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Cleveland

      Financial & listing details

      • Price per square foot: $298/sqft
      • Annual tax amount: $5,907
      • Date on market: 3/20/2026
      • Tenant pays: Electricity
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/11/2026Pending sale$1,499,000$298/sqft
        Source: RCAR #20261430 Report a problem
        6/17/2026Price change$1,499,000-6.3%$298/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3217070 Report a problem
        3/20/2026Listed for sale$1,600,000+138.8%$319/sqft
        Source: RCAR #20261430 Report a problem
        7/19/2017Sold$670,000$133/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2783807 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37312

        Getting around

        20 / 100
        Car-Dependent
        24 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Cleveland Middle
        • High: Cleveland High

        Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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