New Construction Quadplex with
For Sale
$1,069,900
1808 1806 1804 1802 Arbor Hills Drive lot 26, Cleveland, TN 37323
Residential Income, Cleveland, TN
Property Size6,080 SF
Lot Size0.14 Acres
Price / SF$175.97
Days on Market89
Property Features for 1808 1806 1804 1802 Arbor Hills Drive lot 26
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Bedrooms
12
Bathrooms
12
Full bathrooms
4
Rooms
Bathroom 12, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 9, Bedroom 7, Bedroom 3, Bathroom 6, Bedroom 8, Bedroom 6, Bathroom 1, Bathroom 8, Bathroom 11, Bedroom 9, Bedroom 10, Bedroom 12, Bathroom 2, Bathroom 10, Bedroom 11, Bedroom 2, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 7
Parking features
Garage, Open
Interior features
Ceiling Fan(s), Crown Molding, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Plumbed
Appliances
Stainless Steel Appliance(s), Refrigerator, Dishwasher, Built-In Range, Built-In Electric Range, Built-In Electric Oven
Lot features
Subdivided
Elementary school
Blythe-Bower Elementary
Middle school
Cleveland Middle
High school
Cleveland High
Directions
Take APD 40 in Cleveland, Tennessee to McGrady Road at Food City. Take an immediate left onto Young Rd. Arbor Hills will be on your right.
Standard status
Active
APN
066h B 025.00
Size
6,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Part of lot 26 Arbor Hills Subdivision
Tax Annual Amount
2473
HOA Fee
$2,400 Annually
Legal Description
Part of lot 26 Arbor Hills Subdivision
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Brick, HardiPlank Type
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Gina Shumway · License #TN373412
(423) 218-2108
Added: Aug 7
Changed: Oct 23
Last Checked: Nov 3 at 1:06PM
MLS# 1540284
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,080-square-foot quadplex is under construction with a projected 2026 completion. The property contains four townhome-style units, each offering three bedrooms, 2.5 bathrooms, high ceilings, crown molding, granite countertops, an eat-in kitchen, and a kitchen island. Stainless steel appliances, soft-close cabinetry, and vinyl flooring are planned throughout the residences. Every unit includes an attached two-car garage, while brick and HardiPlank exteriors complement the Craftsman-inspired design. Heating is provided by heat pumps, with central electric air conditioning.
The 0.14-acre property is located within walking distance of grocery stores, restaurants, and retail shopping. Major highways are nearby for regional access. The community HOA covers landscaping and includes plans for a future pool. Public water and public sewer serve the property.
The 0.14-acre property is located within walking distance of grocery stores, restaurants, and retail shopping. Major highways are nearby for regional access. The community HOA covers landscaping and includes plans for a future pool. Public water and public sewer serve the property.
Key Highlights
- Four‑unit quadplex with 6,080 square feet of property size
- Each unit includes 3 bedrooms and 2.5 bathrooms
- Attached 2‑car garage provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,964
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,280
$1.0M
Cap Rate 7%
$742,343
$742.3K
Cap Rate 9%
$577,378
$577.4K
Market Conditions
NOI Build-Up for 6,080 SF
Gross rent
$78.8K $12.96/SF
− Vacancy
−$4.6K −$0.75/SF
EGI
$74.2K $12.21/SF
− OpEx
−$22.3K −$3.66/SF
NOI
$52.0K $8.55/SF
Area
Bradley County, TN
Vacancy
5.79%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,280
Cap Rate 7%
$742,343
Cap Rate 9%
$577,378
Alternative Uses
Best Use
Multifamily LT 5
$742.3K
$649.6K – $866.1K
NOI $51,964 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$645.9K
$565.2K – $753.6K
NOI $45,216 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,303 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 37323, TN
31,497
Population
12,841
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
114.6 sq mi
ZIP Area
275
Density / Sq Mi
$67,538
Median Household Income
$41,922
Median Earnings
$908
Median Rent
$213,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four townhome-style units feature contemporary finishes, attached garages, and public sewer service within an established community.
Where is this quadplex located?
The property is located at 1808 1806 1804 1802 Arbor Hills Drive lot 26 Cleveland, TN.
What is the asking price?
The asking price for this property is $1,069,900.
What are key features of this property?
This property features: Four‑unit quadplex with 6,080 square feet of property size; Each unit includes 3 bedrooms and 2.5 bathrooms; Attached 2‑car garage provided for every unit
