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Stratford Village Four-Unit Townhomes

900 Stratford Cir NW Cleveland, TN 37312

900 Stratford Cir NW, Cleveland, TN, 37312
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Four well-maintained townhome units in Cleveland's Stratford Village.

Property Size4,332 SF
Price / SF$152.35
AddedJan 27
Days on Market169
Last RefreshJul 3 at 5:58 am

Property Features for 900 Stratford Cir NW

General Information

Standard status
Active
Size
4,332 SF
Property subtype
Multifamily

Building Details

Year Built
1984

Listing office Keller Williams Realty

Listing date Jan 27, 2026

Source Crexi

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 Keller Williams Realty


Investment Insights

Based on property information with market context.

Located in Cleveland’s Stratford Village, this property features four units with a consistent rental history. The units, identified as 37, 38, 39, and 40, are being sold together. Each unit is a two-story townhome with 1,084 square feet of living space, including two bedrooms and 1.5 bathrooms. The total property size is 4,332 square feet. The property is conveniently located minutes from I-75. Currently, one unit is vacant and undergoing renovations.

Key Highlights

  • Four units being sold together in Stratford Village.
  • Consistent rental history.
  • Conveniently located minutes to I‑75.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $56.1k $12.96
− Vacancy −$3.3k −$0.75
EGI $52.9k $12.21
− OpEx −$15.9k −$3.66
NOI $37.0k $8.55
4,332 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.1K (±1% cap)
NOI $37,024 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$460.2K
$402.7K – $537.0K (±1% cap)
NOI $32,217 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$909.0K
$795.4K – $1.06M (±1% cap)
NOI $63,628 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Parking Lot & Garage Real Estate Agency Storage Facility Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four well-maintained townhome units in Cleveland's Stratford Village.
Where is this quadplex located?
The property is located at 900 Stratford Cir NW Cleveland, TN.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four units being sold together in Stratford Village.; Consistent rental history.; Conveniently located minutes to I‑75.
Contact an agent
(423) 664-1600 Call to check price and availability
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