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    The Largest CRE Database in the US with Over 1 Million Listings

    1907 Gate Tower Way NE Cleveland, TN 37312

    Sponsored
    For Sale
    $997,500

    MULTI_FAMILY - Contemporary - Cleveland, TN

    Property size:
    6,248 SF
    Lot size:
    1.11 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 25 at 5:06 am

    Property Features for 1907 Gate Tower Way NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Window features
    Insulated Windows, Low Emissivity Windows, Vinyl Frames, Double Pane Windows
    Rooms
    Bedroom 11, Bedroom 12, Bathroom 5, Bathroom 10, Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 2, Bathroom 3, Dining Room, Bedroom 4, Bathroom 4, Bathroom 11, Bathroom 2, Bedroom 8, Bathroom 7, Bathroom 9, Bedroom 9, Bathroom 1, Bathroom 6, Bathroom 8, Bathroom 12
    Bedrooms
    12
    APN
    050e H 040.00
    Parking features
    Driveway, Garage, Open
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Separate Dining Room, Split Bedrooms, Tub/shower Combo, Vaulted Ceiling(s), Walk-In Closet(s)
    Appliances
    Stainless Steel Appliance(s), Refrigerator, Microwave, Free-Standing Electric Range, Dishwasher
    Size
    6,248 SF
    Lot size
    1.11 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Teresa Scheiwe
    Teresa Scheiwe

    Keller Williams Realty (423) 664-1600

    Listing agent Teresa Scheiwe (423) 664-1800 License #323927

    Listing date Feb 24, 2026

    MLS# 1529116 Listing URL

    Copyright © 2026 Greater Chattanooga 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.

    Learn more

    Overview

    New Construction Quadplex Investment Opportunity

    This new construction quadplex, estimated for completion in April 2026, presents an ideal opportunity for investors or owner-occupants. The property is suitable for VA, FHA, and 1031 exchange transactions. An additional quadplex, slated for completion soon, offers the potential for investors to expand their portfolios. The construction emphasizes quality and low maintenance. Each residence features 1562 square feet of living space, incorporating 3 bedrooms, 2.5 bathrooms, and a 1-car garage. Interior features include 9-foot ceilings on the main level, vaulted ceilings with ceiling fans in all bedrooms, a 2-story foyer, LVP flooring, soft-close shaker cabinets, granite countertops, a kitchen island, and stainless steel appliances. Each unit also includes a back patio and lawn area. The property is located in Cleveland, TN, in Bradley County. The lot size is 1.11 acres. Property taxes are to be determined. The property contains 6248 square feet. Appointments are required for viewing; trespassing is not permitted.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.828258
    Latitude
    35.173235

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    FAQs

    What type of property is this?
    Quadplex - New construction quadplex for sale, ideal for investors.
    Where is this quadplex located?
    The property is located at 1907 Gate Tower Way NE Cleveland, TN.
    What is the asking price?
    The asking price for this property is $997,500.
    What are key features of this property?
    This property features: - New construction quadplex (4 units) ideal for investors or owner occupancy, estimated completion April 2026.; - Spacious residences: 1562 sq ft, 3 bedrooms, 2.5 bathrooms, and 1-car garage per unit.; - High-quality finishes: LVP flooring, soft-close shaker cabinets, granite countertops, stainless steel appliances, and kitchen island.
    (423) 718-5079
    Request Owner's contact information
    1907 Gate Tower Way NE Cleveland, TN 37312
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    Cleveland, TN 37312
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1907 Gate Tower Way NE Cleveland, TN 37312
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    We can help!
    Listing Contact
    Teresa Scheiwe
    Teresa Scheiwe
    Real Estate License ID: 323927
    (423) 718-5079 (423) 664-1800
    Learn more
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