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    51 Gate Tower Way NE Cleveland, TN 37312

    For Sale
    $2,500,000

    MULTI_FAMILY - Cleveland, TN

    Property size:
    12,496 SF
    Lot size:
    3.01 Acres
    Days on Market:
    24
    Last Refresh:
    Dec 11 at 12:06 am

    Property Features for 51 Gate Tower Way NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Window features
    Low Emissivity Windows, Insulated Windows, Double Pane Windows, Vinyl Frames
    Rooms
    Bedroom 15, Bathroom 1, Bedroom 6, Bedroom 7, Bedroom 12, Bathroom 4, Bathroom 23, Bedroom 22, Bathroom 12, Bathroom 10, Bathroom 19, Bathroom 16, Bedroom 4, Bathroom 13, Bathroom 3, Bedroom 10, Bathroom 5, Bathroom 18, Bedroom 23, Bedroom 17, Bedroom 1, Bedroom 20, Bedroom 2, Bedroom 16, Bathroom 11, Bathroom 8, Bedroom 9, Bedroom 24, Bedroom 8, Bedroom 11, Bathroom 6, Bathroom 7, Bedroom 13, Bathroom 17, Dining Room, Bathroom 15, Bedroom 21, Bathroom 21, Bathroom 24, Bathroom 2, Bedroom 3, Bathroom 14, Bathroom 22, Bedroom 5, Bedroom 19, Bathroom 20, Bedroom 18, Bedroom 14, Bathroom 9
    Bedrooms
    24
    APN
    050e H 040.00
    Parking features
    Garage, Driveway, Open
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Pantry, Separate Dining Room, Tub/shower Combo, Vaulted Ceiling(s), Walk-In Closet(s)
    Exterior features
    Rain Gutters
    Appliances
    Stainless Steel Appliance(s), Refrigerator, Microwave, Free-Standing Electric Range, Dishwasher
    Size
    12,496 SF
    Lot size
    3.01 Acres

    Utilities

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

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    Keller Williams Realty (423) 664-1600 [email protected]

    Listing agent Teresa Scheiwe (423) 664-1800 License #TN 323927 GA 346685

    Listing date Nov 18, 2025

    MLS# 1522203 Listing URL

    Copyright © 2025 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.

    Overview

    New Construction Quadplexes and Lots

    An exceptional opportunity exists to own two brand new construction quadplex properties and two adjacent building lots. The lots are zoned Residential R-2, which allows for single-family, two-family/duplex, and four-family/quadplex development. One four-family/quadplex is under construction on Lot 51 Gate Tower Way NE, and the second is under construction on Lot 52 Gate Tower Way NE. The adjacent lots are Lot 49 Bell Tower Ln and Lot 50 Bell Tower Ln. Each four-family/quadplex will feature four units, each with three bedrooms, two and a half bathrooms, a one-car garage, 9-foot ceilings on the main level, vaulted ceilings in all bedrooms with ceiling fans, a 2-story foyer, LVP flooring, custom white cabinets, granite countertops, a kitchen island, stainless steel appliances, and a back patio. The expected completion date is Spring 2026. City water, sewer, and electricity are available, and water meter boxes have been set for the lots. The total property size is 12496 square feet on a 3.01-acre lot. The access road will be completed prior to closing.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.828546
    Latitude
    35.173095

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    FAQs

    What type of property is this?
    Quadplex - Two new quadplexes and two adjacent building lots for sale.
    Where is this quadplex located?
    The property is located at 51 Gate Tower Way NE Cleveland, TN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Investment opportunity: Two brand new construction quadplexes and two adjacent R-2 zoned building lots.; - Income potential: Each quadplex features four 3-bedroom, 2.5-bathroom units, expected to generate rental income.; - New construction: Modern features including 9-foot ceilings, vaulted ceilings, LVP flooring, custom white cabinets, granite countertops, kitchen island, and stainless steel appliances.
    (423) 664-1800
    Request Owner's contact information
    51 Gate Tower Way NE Cleveland, TN 37312
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    Cleveland, TN 37312
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    Realmo Value Estimation

    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.

    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.

    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
    51 Gate Tower Way NE Cleveland, TN 37312
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