2025 Quadplex Townhome
For Sale
$1,100,000
1912 1914 1916 1918 Cypress Lane, Cleveland, TN 37323
Residential Income, Cleveland, TN
Property Size6,080 SF
Lot Size0.57 Acres
Price / SF$180.92
Days on Market55
Property Features for 1912 1914 1916 1918 Cypress Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
12
Bathrooms
12
Full bathrooms
8
Rooms
Bedroom 9, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 7, Bedroom 1, Bathroom 12, Bathroom 8, Bedroom 5, Bathroom 5, Bathroom 7, Bedroom 11, Bathroom 10, Bathroom 3, Bedroom 12, Bedroom 3, Bathroom 1, Bathroom 9, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 2, Bedroom 6, Bathroom 11
Parking features
Garage, Driveway
Pets allowed
Yes
Interior features
Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Recessed Lighting
Basement
Unfinished
Appliances
Refrigerator, Oven, Microwave, Dishwasher
Subdivision
Arbor Hills Townhomes
Lot features
Paved
Elementary school
Blythe Bower Elementary
Middle school
Cleveland Middle
High school
Cleveland High
Standard status
Active
APN
066h B 025.00
Size
6,080 SF
Lot size
0.57 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 24 Part of Arbor Hills Subdivision
Tax Annual Amount
8624
HOA Fee
$600 Annually
Legal Description
Lot 24 Part of Arbor Hills Subdivision
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
2
Number of units
4
Building materials
Concrete, HardiPlank Type
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Gina Shumway · License #TN373412
(423) 218-2108
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 28 at 5:06AM
MLS# 1542145
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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Investment Insights
Based on property information with market context.
This Cleveland quadplex comprises four townhome residences totaling 6,080 square feet on 0.57 acres. Built in 2025, the property features open-plan interiors with granite counters, kitchen islands, high ceilings, recessed lighting, eat-in kitchens, and ceiling fans. Each residence includes a refrigerator, oven, microwave, and dishwasher, along with central heating and central air. Concrete and HardiPlank construction, shingle roofing, garages, and driveway parking are also included.
The property is served by public water and public sewer and is currently 100% occupied. An HOA handles exterior maintenance, supporting a lower-maintenance ownership structure. The residences are positioned near shopping, banking, daily amenities, and highway access in Cleveland, Tennessee.
The property is served by public water and public sewer and is currently 100% occupied. An HOA handles exterior maintenance, supporting a lower-maintenance ownership structure. The residences are positioned near shopping, banking, daily amenities, and highway access in Cleveland, Tennessee.
Key Highlights
- Four townhomes in a quadplex configuration
- 6,080 square feet on 0.57 acres
- Built in 2025 with 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,964
Cap Rate
4.72%
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 4.72%
Second Best
Apartment 5plus
$645.9K
$565.2K – $753.6K
NOI $45,216 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,303 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four newer townhomes offer fully occupied residential income space with HOA-maintained exteriors and public utilities.
Where is this quadplex located?
The property is located at 1912 1914 1916 1918 Cypress Lane Cleveland, TN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four townhomes in a quadplex configuration; 6,080 square feet on 0.57 acres; Built in 2025 with 100% occupancy
