3540 Adkisson Drive Nw, Cleveland, TN 37312

Cleveland
Local realty services provided by:Reliant Realty ERA Powered
3540 Adkisson Drive Nw,Cleveland, TN 37312
$1,600,000
  • - Beds
  • - Baths
  • 5,022 sq. ft.
  • Multi-family
  • Active
Listed by: heath davis, elizabeth davis
Office: award realty ii
MLS#:3217070
Source:NASHVILLE

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1986
  • Listing ID #:3217070
  • Added:17 day(s) ago
  • Updated:June 07, 2026 at 04:38 PM

Rooms and interior

  • Flooring:Laminate
  • 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.
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Cleveland High
  • Middle school:Cleveland Middle

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Amenities:Smoke Detector(s)

Parking

  • Parking description:Concrete, Paved
MLS LogoCopyright 2026 Realtracs Mls. All rights reserved. Realtracs Mls provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Realtracs Mls will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Realtracs Mls.

New listings near 3540 Adkisson Drive Nw