15-Unit Multi-Family Investment Portfolio — Cleveland, TN.
101 & 103 Blythe Ferry Rd NE | 3805 & 3809 Charleston Drive NE, Cleveland, TN.
Rare Turnkey Multi-Family Opportunity — 15 Units Across Two Adjacent Lots.
A standout investment opportunity for the serious multi-family buyer: four established residential buildings totaling 15 units, situated on two adjoining parcels in Cleveland, TN, with additional room on the lot to build if the buyer wishes to expand the portfolio further.
Why This Portfolio Stands Out
• Scale in one transaction — four buildings, 15 units, acquired together for immediate portfolio growth
• Adjacent lots — Blythe Ferry Rd and Charleston Drive properties sit side by side, simplifying management, maintenance, and oversight
• Uniform unit mix — every unit offers 2 bedrooms and 1.5 baths, streamlining marketing, leasing, and maintenance
• Room to grow — 3815 Charleston Drive NE additional buildable space on the lot offers future upside for an investor looking to add units or amenities
• Professionally managed — currently under management by Gilbert Property Management, offering a smooth transition for a new owner
Prime Location
Ideally situated at the convergence of Blythe Ferry Road, Ocoee Street, and Charleston Drive in Cleveland, TN, this portfolio offers residents and investors alike a highly convenient location. The area provides easy access to shopping, dining, and medical offices, along with quick connectivity to Interstate 75 — a major draw for tenants and a strong indicator of long-term rental demand.
Investment Highlights
Whether you're expanding an existing rental portfolio or entering multi-family investment at scale, this package offers immediate cash-flowing units, a desirable and consistent floor plan across all properties, and expansion potential rarely available in a single listing.
Contact us today for more information and to schedule a tour of this exceptional multi-family investment opportunity.
Active
$2,250,000
101 Blythe Ferry Rd NE, Cleveland, TN 37312
16beds
16baths
3,762sqft
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$598/sqft
$-- HOA
What's special
Two adjoining parcelsAdjacent lots
- 42 days
- 116
- 10
Zillow last checked:
Listing updated:
Listed by:
William Eilf 423-813-9800,
Keller Williams Cleveland 423-303-1200
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3526541
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
Heating
- Other
Cooling
- Electric
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 3,762
- Total interior livable area: 3,762 sqft
- Finished area above ground: 3,762
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Stories: 2
Details
- Parcel number: 042G H 00102 000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Wood Siding
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Cleveland
Financial & listing details
- Price per square foot: $598/sqft
- Tax assessed value: $575,700
- Annual tax amount: $5,194
- Date on market: 8/25/2026
- Inclusions: Appliances
- Total actual rent: 4190
- Tenant pays: Electricity, Gas, Water
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $2,250,000+373.7%$598/sqft |
Source: | ||
| 4/22/1996 | Sold | $475,000$126/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $230,280 +342.5% |
| 2024 | $749 | $52,040 |
| 2023 | $749 | $52,040 |
| 2022 | $749 -54.3% | $52,040 |
| 2021 | $1,640 -53.4% | $52,040 -43.1% |
| 2019 | $3,516 +2% | $91,520 |
| 2018 | $3,449 0% | -- |
| 2017 | $3,449 +14.7% | -- |
| 2016 | $3,006 | -- |
| 2015 | $3,006 | -- |
| 2014 | $3,006 | -- |
| 2013 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37312
Nearby schools
Schools provided by the listing agent
- Elementary: E.L. Ross and D.P. Yates Elementary
- Middle: Cleveland Middle
- High: Cleveland High
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

