Four-Unit Townhome
900 Stratford Circle NW Cleveland, TN 37312
900 Stratford Circle NW, Cleveland, TN, 37312
$660,000
For Sale
$660,000
MULTI_FAMILY - Cleveland, TN
Property Size4,336 SF
Price / SF$152.21
Days on Market163
Property Features for 900 Stratford Circle NW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 8, Bathroom 4, Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 9, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 4, Bedroom 8, Bathroom 7, Bathroom 5, Bedroom 2
- Parking features
- Parking Lot, Off Street
- Patio and Porch features
- Porch
- Appliances
- Water Heater, Refrigerator, Free-Standing Electric Range
- Standard status
- Active
- APN
- 034i B 05100 000
- Size
- 4,336 SF
Taxes and HOA fees
- Tax Annual Amount
- 6600
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Carpet
- Building materials
- Block
Listing Agency
Keller Williams Realty
(423) 664-1600
7158 Lee Hwy, Chattanooga, TN
Listed by
Jeffrey Dodson · License #TN336360
(423) 400-1984
Added: Feb 5 Checked: Jul 18 at 9:06 pm
MLS# 1527971
Listing URL
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 for-sale four-unit multifamily property consists of four attached two-story townhomes sold together. Each unit offers a practical layout with two bedrooms and 1.5 bathrooms, along with a consistent rental history. The buildings are described as well maintained, presenting an income-oriented option for buyers looking for a small, manageable portfolio.
The property is located in Stratford Village in Cleveland, Tennessee, with convenient access to I-75 just minutes away. It sits at 900 Stratford Circle NW, placing it within a developed residential setting where tenants can rely on straightforward everyday access.
With all four units packaged together, the asset may fit investors seeking steady cash-flow potential from a compact rental configuration. The uniform unit design can simplify leasing and operations compared with more diverse multifamily offerings, while the maintained condition can help reduce near-term maintenance concerns. Contact Jeff Dodson for additional information on the units and sale details.
The property is located in Stratford Village in Cleveland, Tennessee, with convenient access to I-75 just minutes away. It sits at 900 Stratford Circle NW, placing it within a developed residential setting where tenants can rely on straightforward everyday access.
With all four units packaged together, the asset may fit investors seeking steady cash-flow potential from a compact rental configuration. The uniform unit design can simplify leasing and operations compared with more diverse multifamily offerings, while the maintained condition can help reduce near-term maintenance concerns. Contact Jeff Dodson for additional information on the units and sale details.
Key Highlights
- Four‑unit Stratford Village property with units 37, 38, 39, and 40 sold together
- Each unit is a 2‑story townhome with 2 bedrooms and 1.5 bathrooms
- Each townhome measures 1,084 SF
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 | $56.2k | $12.96 |
| − Vacancy | −$3.3k | −$0.75 |
| EGI | $52.9k | $12.21 |
| − OpEx | −$15.9k | −$3.66 |
| NOI | $37.1k | $8.55 |
4,336 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit townhome property near I-75, offering an established rental history for long-term investors.
Where is this quadplex located?
The property is located at 900 Stratford Circle 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‑unit Stratford Village property with units 37, 38, 39, and 40 sold together; Each unit is a 2‑story townhome with 2 bedrooms and 1.5 bathrooms; Each townhome measures 1,084 SF
