3540 Adkisson Drive Nw, Cleveland, TN 37312

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Signature Brokers
3540 Adkisson Drive Nw,Cleveland, TN 37312
$1,600,000
  • - Beds
  • 16 Baths
  • 5,022 sq. ft.
  • Multi-family
  • Active
Listed by: heath davis, elizabeth davis
Office: award realty ii
MLS#:20261430
Source:TN_RCAR

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$318.6

About this home

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.

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Home facts

  • Year built:1986
  • Listing ID #:20261430
  • Added:6 day(s) ago
  • Updated:March 20, 2026 at 08:48 PM

Rooms and interior

  • Total bathrooms:16
  • Full bathrooms:16
  • Flooring:Laminate
  • Kitchen Description:Electric Range, Refrigerator
  • Living area:5,022 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1986
  • Building area:5,022 sq. ft.
  • Lot Features:Cleared, Level
  • Construction Materials:Brick, Brick Veneer
  • Foundation Description:Brick/Mortar
  • Levels:2 Story

Schools

  • High school:Cleveland
  • Middle school:Cleveland
  • Elementary school:Ross-Yates

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$318.6
  • Tax amount:$5,907

Features and amenities

  • Appliances:Electric Range, Electric Water Heater, Refrigerator
  • Amenities:Electric Water Heater

Parking

  • Parking description:Concrete, Paved

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