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3700/04/22 Stephens Road NE
Cleveland TN 37312 US

$8,499,900

Active Listing ID 20261220
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Lot: 5.36 Acres
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Other

$8,499,900

Active Listing ID 20261220
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3700/04/22 Stephens Road NE 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.

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Property Features

  • Facts
  • Lot Size: 5.36 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Multi Units, Window Unit(s), Central Air
  • Exterior Finish: Rain Gutters
  • Floor Covering: Carpet, Vinyl, Laminate
  • Heating Fuels: Central

School Information

  • School
  • Ross-Yates(Elementary)
  • Cleveland(MiddleSchool)
  • Cleveland(HighSchool)

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 8499900
  • unparsedaddress: 3700/04/22 Stephens Road NE
  • postalcity: Cleveland
  • stateorprovince: TN
  • country: US
  • postalcode: 37312
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 5.36
  • lotsizeunits: Acres
  • lotsizearea: 5.36
  • livingarea: 61954
  • livingareaunits: Square Feet
  • latitude: 35.183829
  • longitude: -84.83807
  • listagentfullname: Max Phillips
  • listagentemail: gmaxphillips@gmail.com
  • listagentkey: 3yd-RCARTN-129_1
  • listagentmlsid: 129_1
  • listagentpreferredphone: 4235967173
  • listagentofficephone: 4235967173
  • listofficekey: 3yd-RCARTN-129
  • listagentstatelicense: 203547
  • listofficemlsid: 129
  • disclaimer: Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RCARTN
  • yearbuilt: 1978
  • listingcontractdate: 2026-03-11
  • countyorparish: Bradley
  • parcelnumber: 042n B 003.00/003.01/003.02
  • elementaryschool: Ross-Yates
  • highschool: Cleveland
  • appliances: Electric Range, Refrigerator
  • cooling: Multi Units, Window Unit(s), Central Air
  • constructionmaterials: Brick Veneer, Vinyl Siding
  • flooring: Carpet, Vinyl, Laminate
  • heating: Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 133
  • parkingfeatures: Assigned, Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Rain Gutters
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -84.83807, 35.18383
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Crye-Leike, REALTORS", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"gmaxphillips@gmail.com", "ListBrokerageCity":null, "ListBrokerageCountry":null, "ListBrokerageEmail":"Campbelot@Bellsouth.net", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Crye-Leike, REALTORS", "ListBrokeragePhone":"4238921515", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":null, "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"4627 N Lee Highway ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"129", "ListOfficeCity":"Cleveland", "ListOfficeCountry":"USA", "ListOfficeEmail":"kristi.damato@crye-leike.com", "ListOfficePostalCode":"37312", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Cleveland, TN", "ListingURL":null, "MLSModificationTimestamp":"2026-03-11 20:27:23", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":36358, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/13/2026 3:18:38 AM GMT
Source Updated Date: 3/27/2026 7:03:21 PM GMT

Courtesy of: Max Phillips, Crye-Leike REALTORS - Cleveland, gmaxphillips@gmail.com

Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.