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  • $1,420,000

    3540 Adkisson Dr NW, Cleveland, TN 37312

    --beds
    --baths
    5,022sqft
    Multi Family
    Built in 1986
    -- sqft lot
    $-- Zestimate®
    $283/sqft
    $1,230 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,230/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Heath Davis 423-476-3205,

    Award Realty II,

    Elizabeth T. Davis,

    Award Realty II

    Bought with:

    Heath Davis, 306810

    Award Realty II

    Elizabeth T. Davis, 362631

    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
    • Finished area above ground: 5,022

    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: $283/sqft
    • Annual tax amount: $5,907
    • Date on market: 5/20/2026
    • Tenant pays: Electricity
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/21/2026Sold$1,420,000-5.3%$283/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3217070 Report a problem
    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.

    Neighborhood: 37312

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: E.L. Ross and D.P. Yates Elementary
    • 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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