37000422 Stephens Road, Cleveland, Tennessee 37312

TN, Cleveland
$7,874,900 $8,499,900
  • Active Status
  • 107 Dayz On Cribz Total Days
  • Commercial Sale Property Type
  • 61954 Total Sqft $127/sqft
  • 5.36 Acres Lot/Land Size
  • 1984 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property Description

Excellent Investment Opportunity!
Well maintained 92-unit apartment community in Prime Cleveland Location.
Positioned in an outstanding location just 5 minutes from everything Cleveland has to offer. This well-established 92-unit apartment community provides a strong investment opportunity with a desirable unit mix & extensive recent improvements.
The property consists of:
64 one-bedroom/one bath units,
19 two bedroom/one and a half bath units,
8 two bedroom/one and a half bath units with washer & dryer hookups, and
1 one bedroom/one bath unit with washer & dryer hookup, offering attractive options for a wide range of tenants. The owner currently pays water & sewer, & tenants enjoy access to a community laundry facility with pay-per-use washers & dryers.
Significant capital improvements have been completed throughout the complex, including replacement of the main water line, new roofs, new windows, new steel steps, new paving, new gutters, updated siding and exterior paints, & new dumpsters.
Interior upgrades include Allure Traffic Master flooring installed in approximately 90 percent of the units, new HVAC systems in an estimated 80 percent of the units, & new appliances. In addition, the property has benefited from the removal of a substantial number of trees, enhancing both visibility & overall curb appeal.
Located in a superb, highly convenient area of Cleveland, this apartment community offers residents quick access to shopping, dining, schools, & major routes, making it a consistently desirable place to live.
A rare opportunity to acquire a large apartment complex in a prime location with numerous recent improvements already in place.
Seven buildings were built in 1978 & the other seven buildings were built in 1984.

Property Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • MLS #: 3224434
  • Price: $7,874,900
  • Year Built: 1984
  • Lot Area: 5.36 Acre
  • Office Name: Crye-Leike - Cleveland
  • Agent Name: Max Phillips
  • Property Sub Type: Office
  • Roof: Other
  • Listing Status: Active
Location Info
  • Street Number: 37000422
  • Street: Stephens Road
  • City Cleveland
  • State TN
  • Zipcode 37312
  • County Bradley County, TN
  • Zoning: Commercial
  • Directions: North on I- 75 to Exit # 25. Turn left on 25th Street. Turn left on Ocoee Street. Turn right on Blythe Ferry Road. Turn left on Stephens Road.
  • Street Dir Suffix: NE
Additional Info
  • Building Size: 61,954 Sqft
  • On Market Date: March 11th, 2026
  • Previous Price: $8,499,900
Listing Data
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jun 18th, 2026 @ 9:21pm
  • Status Change Timestamp: Mar 11th, 2026 @ 7:39pm
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