2025 Quadplex Townhome
New
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 Market7
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
Bathroom 9, Bathroom 1, Bathroom 7, Bedroom 11, Bathroom 6, Bedroom 7, Bedroom 10, Bedroom 9, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 8, Bedroom 1, Bedroom 12, Bathroom 10, Bedroom 3, Bathroom 2, Bathroom 5, Bathroom 11, Bedroom 8, Bathroom 12, Bedroom 2, Bathroom 4, Bedroom 4
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
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
(770) 686-9366
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 10 at 12:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
