Four-Unit Townhome
For Sale
$660,000
900 Stratford Cir NW, Cleveland, TN 37312
Four two-story residences provide two bedrooms and one-and-a-half bathrooms per unit.
Property Size4,336 SF
Price / SF$152.21
Days on Market65
Property Features for 900 Stratford Cir NW
General Information
Standard status
Active
Size
4,336 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1984
Listing Agency:
Keller Williams Realty
Listed By:
Jeffrey Dodson · License #336360
(423) 664-1600
Source:
Weathersbeerealty
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 7 at 12:53PM
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
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Investment Insights
Based on property information with market context.
This four-unit residential income property includes 4,336 square feet across Units 37, 38, 39, and 40, which are being sold together. Each residence is a two-story townhome with 1,084 square feet, two bedrooms, and 1.5 bathrooms. The property was built in 1984 and has a consistent rental history.
Located at 900 Stratford Cir NW in Cleveland’s Stratford Village, the quadplex is minutes from I-75. The four residences share the same townhome configuration, providing a consistent physical layout across the offering.
Located at 900 Stratford Cir NW in Cleveland’s Stratford Village, the quadplex is minutes from I-75. The four residences share the same townhome configuration, providing a consistent physical layout across the offering.
Key Highlights
- Four units sold together: Units 37, 38, 39, and 40
- 4,336 square feet across the property
- Each unit measures 1,084 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,059
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,180
$741.2K
Cap Rate 7%
$529,414
$529.4K
Cap Rate 9%
$411,767
$411.8K
Market Conditions
NOI Build-Up for 4,336 SF
Gross rent
$56.2K $12.96/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$52.9K $12.21/SF
− OpEx
−$15.9K −$3.66/SF
NOI
$37.1K $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%
$741,180
Cap Rate 7%
$529,414
Cap Rate 9%
$411,767
Alternative Uses
Best Use
Multifamily LT 5
$529.4K
$463.2K – $617.7K
NOI $37,059 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$460.7K
$403.1K – $537.4K
NOI $32,246 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$909.8K
$796.1K – $1.06M
NOI $63,687 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 37312, TN
36,291
Population
15,023
Households
2.4
Avg Household Size
42
Median Age
36%
College-Educated
93%
High-School Grad
64.4 sq mi
ZIP Area
564
Density / Sq Mi
$75,369
Median Household Income
$41,148
Median Earnings
$1,080
Median Rent
$270,500
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 two-story residences provide two bedrooms and one-and-a-half bathrooms per unit.
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 sold together: Units 37, 38, 39, and 40; 4,336 square feet across the property; Each unit measures 1,084 square feet
