Buying In Cleveland, TN
Sell Your Commercial Property In Cleveland, TN
We are an active buyer of Cleveland commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Downtown Cleveland · McDonald · Charleston · Ooltewah — Bradley County, TN
Market Snapshot
Renter Demand In Cleveland
Cleveland is a Bradley County city of 48,829 residents, per ACS 2020-2024. Renters hold 52.0% of its homes, well above the 32.7% county share, and 18.1% of housing sits in buildings with five or more units. Median gross rent is $1,034 a month, against $1,189 across Tennessee, and median household income is $58,559. This page gathers the rent, tax and legal facts an owner needs before deciding to sell commercial property in Cleveland, TN, using Census, HUD, Tennessee Comptroller and state code sources.
Whirlpool and manufacturers
Tennessee ECD lists Whirlpool at 1,535 employees, Wacker Polysilicon at 710 and Mars Chocolate at 575 in Cleveland.Lee University
Lee University's quick facts page reports total enrollment of 3,743 students at its Cleveland campus.Duracell expansion
Tennessee ECD announced in April 2023 a $25 million Duracell expansion in Bradley County adding 25 jobs.Our Buy Box
What We Buy In Cleveland
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Cleveland Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Cleveland
Renters occupy 52.0% of Cleveland households, or 9,791 of 18,829 homes, in ACS 2020-2024 (Census B25003). Bradley County sits at 32.7% renters (Bradley County tenure).
Buildings with five or more units hold 18.1% of Cleveland homes, about 3,696 units (Census B25024). Cleveland's median year built is 1983, and 46.3% of its housing predates 1980 (Census B25034).
Rents and affordability in Cleveland
Median gross rent in Cleveland is $1,034 a month in ACS 2020-2024 (Census B25064). Tennessee's median is $1,189 (state rent table).
In Cleveland, 47.5% of renter households pay 30% or more of income on rent, and 21.8% pay 50% or more (Census B25070).
| HUD FY2027 FMR, Cleveland, TN MSA | Monthly rent |
|---|---|
| Efficiency | $884 |
| One-bedroom | $971 |
| Two-bedroom | $1,270 |
| Three-bedroom | $1,593 |
| Four-bedroom | $1,669 |
Source: HUD Fair Market Rents documentation.
Property taxes in Bradley County and Cleveland
Cleveland's 2025 combined rate is $2.2554 per $100 of assessed value: $0.9922 Bradley County plus $1.2632 city (Tennessee Comptroller 2025 rates). Tennessee classes dwellings with two or more rental units as commercial, assessed at 40% (Comptroller glossary).
A $2,000,000 building assesses at $800,000, so the 2025 bill is about $18,043 a year. That splits into $7,937.60 for Bradley County and $10,105.60 for Cleveland.
If you sell commercial property in Cleveland, TN, the state realty transfer tax is $0.37 per $100, or $7,400 at that price (Tennessee Department of Revenue).
Landlord rules in Cleveland
Tennessee bars any local rule that controls rent on private residential or commercial property (TCA 66-35-102). A tenant breach that money can fix ends the lease if not cured within 14 days of notice (TCA 66-28-505).
Landlords must hold security deposits in an account used only for that purpose (TCA 66-28-301). Owners who sell commercial real estate in Cleveland, TN hand buyers this same state framework, with no city rent cap.
What it means for a Cleveland owner
Cleveland pairs a $1,034 median rent with 3,696 homes in 5+ unit buildings and a 52.0% renter share. The $18,043 tax line on a $2,000,000 building is the main cost buyers will price in.
To sell commercial property in Cleveland, TN, start with your net operating income in our cap rate calculator. Skyline Capital Investments buys 5+ unit apartment buildings, and you can sell multifamily property in Cleveland through our direct sale process.
Good To Know
Pricing Your Building In Cleveland
More about selling in Tennessee →Investing in Cleveland? See apartment syndications in Cleveland →
- Tennessee bars local rent control, a plus for owners who sell commercial real estate in Cleveland, TN.
- Cleveland's city levy of $1.2632 per $100 adds $10,105.60 a year on a $2,000,000 building.
- In ACS 2020-2024, 21.8% of Cleveland renter households paid half or more of income on rent.
Seller Guides
Selling In Cleveland? Common Situations We Handle
Learn More
Taxes & Rules For Cleveland Property
The Tennessee rules that shape any deal in Cleveland: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Cleveland Seller FAQ
What taxes apply when I sell commercial property in Cleveland, TN?
Tennessee charges a realty transfer tax of $0.37 per $100 of purchase price, or $7,400 on a $2,000,000 sale. Buyers also underwrite Cleveland's 2025 rate of $2.2554 per $100 of assessed value, set by Bradley County and the city.
How much rent do Cleveland apartments get?
Median gross rent in Cleveland is $1,034 a month in ACS 2020-2024, below the Tennessee median of $1,189. HUD's FY2027 two-bedroom fair market rent for the Cleveland, TN area is $1,270, a benchmark buyers see when selling commercial property in Cleveland.
Can Cleveland limit rent increases on my building?
No. Tennessee Code 66-35-102 bars local governments from enacting, maintaining or enforcing rules that control the amount of rent charged on private residential or commercial property. Cleveland and Bradley County cannot cap rents on buildings of any size.
Is it a good time to sell commercial real estate in Cleveland, TN?
Cleveland has a deep rental base: 52.0% of households rent and 18.1% of homes sit in 5+ unit buildings in ACS 2020-2024. Buyers weigh that against the 46.3% of housing built before 1980 and a 47.5% rent burden.
How is a Cleveland apartment building assessed?
Tennessee classes dwellings with two or more rental units as commercial property, assessed at 40% of appraised value. A $2,000,000 Cleveland building assesses at $800,000, giving a 2025 bill near $18,043, which buyers weigh when you sell your apartment building in Cleveland.
What if my Cleveland building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Bradley County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Cleveland?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Cleveland?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Cleveland
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
