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Back 3540 Adkisson Drive Northwest
Off Market

3540 Adkisson Drive Northwest

Cleveland TN 37312

5022 sq. ft.
Multi-Family
Last sold for $1,420,000
Heath DavisHeath Davis, last sold this property on 21 July 2026 after 61 days on market.

Overview

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.

Features

5022 sq. ft. floor area
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Cleveland over the last 12 months.

Property history for 3540 Adkisson Drive Northwest

2026
Sold
$1,420,000
21 Jul 2026 by Heath Davis, of Award Realty II
2017
Sold
$670,000
19 Jul 2017 by Heath Davis, of Award Realty II

Happy sellers in Cleveland

94%
94% of sellers in Cleveland reported that their sale price either exceeded or met their price expectations.

Cleveland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Cleveland over the last 12 months.

Local market activity for multi families in Cleveland

In the last 12 months, 1 multi family similar to 3540 Adkisson Drive Northwest, have been sold.

This represents a 50% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cleveland

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Tammy Johnson

Tammy Johnson is a recommended agent for Cleveland.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   4.9   (8 reviews)
  •  1 Review in Cleveland
  •  3 Sales in Cleveland
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Rick Berry

Rick Berry is a recommended agent for Cleveland.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Cleveland
  •  1 Sale in Cleveland
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Amber Lee

Amber Lee is a recommended agent for Cleveland.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (38 reviews)
  •  1 Review in Cleveland
  •  1 Sale in Cleveland
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William Eilf

William Eilf is a recommended agent for Cleveland.  They have 32 local sales across the last 12 months.

  •  32 Sales in Cleveland
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