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Updated 4-Unit Quadplex
For Sale
$140,000

1401 Wildwood Lake Rd. SE, Cleveland, TN 37311

Brick apartment property with central heating and air, individual kitchens, and paved parking.

Property SizeContact for details
Days on Market161

Property Features for 1401 Wildwood Lake Rd. SE

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Financials

Asking Price $149,000
Gross Income $22,200

Additional Details

Multifamily Units 4

Amenities

Central
Electric
Central Air
Electricity Available, Water Available

Building Details

Year Built 1980
Buildings 1
Construction brick
Listing Agency: KW CLEVELAND Keller Williams
Listed By: Robert Praytor · License #211511
Source: Kw
Added: May 8 Changed: Oct 15 Last Checked: Oct 14 at 8:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW CLEVELAND Keller Williams

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Investment Insights

Based on property information with market context.

Located at 1401 Wildwood Lake Rd. SE in Cleveland, Tennessee, this brick quadplex contains four apartment units. Each residence includes two bedrooms, one bathroom, a kitchen and living-room area, central heating and air conditioning, and access to paved parking. The property is fully rented.

Built in 1980, the building has received several updates, including a metal roof, replacement CH&A units, and interior paint. Electricity and water are available, supporting the existing apartment configuration and its ongoing residential use.

Key Highlights

  • Four‑unit brick apartment building, with every unit fully rented
  • Each apartment includes 2 bdrms., 1 bath, kitchen/living room, and CH&A
  • Recent updates include a metal roof, replaced CH&A units, and paint

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

257
Businesses Nearby

Demographics for 37311, TN

29,687
Population
12,942
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
83%
High-School Grad
50.1 sq mi
ZIP Area
593
Density / Sq Mi
$46,827
Median Household Income
$28,839
Median Earnings
$890
Median Rent
$205,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Brick apartment property with central heating and air, individual kitchens, and paved parking.
Where is this quadplex located?
The property is located at 1401 Wildwood Lake Rd. SE Cleveland, TN.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Four‑unit brick apartment building, with every unit fully rented; Each apartment includes 2 bdrms., 1 bath, kitchen/living room, and CH&A; Recent updates include a metal roof, replaced CH&A units, and paint
More about this property
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