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Gate Tower Way NE, Cleveland, TN 37312

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For Sale

$2,500,000

24 beds • 24 baths • 12,496 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $200.06
    Price per square foot

  • New Construction
    Age

Explore this Property

ATTENTION INVESTORS or 1031 EXCHANGE BUYERS! Exceptional Opportunity to own TWO Brand New Construction Quadplex/Four Family properties AND TWO adjacent building lots. The lots are zoned Residential R-2 which allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. One Four-Family/Quadplex is being built on Lot 51 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 039.00) and the second is being built on Lot 52 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 040.00). The adjacent lots are Lot 49 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 017.00) and Lot 50 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 018.00). Each Four-Family/Quadplex will have four 3 bedrooms, 2 and a half bathrooms, one car garage, 9 foot ceilings on the main level, vaulted ceilings in all bedrooms with ceiling fans, 2 story foyer, LVP flooring, custom white cabinets, granite countertops, kitchen island, stainless steel appliances, and back patio. Expected completion Spring 2026. Enjoy future rental income while building on the adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for the lots. Property taxes to be determined. Information is deemed reliable but is not guaranteed. Buyers are responsible to independently verify all information. Agent has a personal interest. Local Lender recommendations available. Owner financing is not available. Access road will be completed prior to closing. APPOINTMENTS REQUIRED - NO TRESPASSING. Call for more information.
MLS# 1522203

Courtesy Of Keller Williams Realty

(423) 664-1800

Property Features

  • Age
    New Construction
  • Amenities
    Double Pane Windows, Patio, Vaulted Ceiling, Ceiling Fan, Cable Ready
  • Appliances
    Refrigerator, Microwave, Dishwasher
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Vinyl
  • Lot Size
    3.01 Acres
  • Rooms
    Dining Room

Map and Directions

Directions to Gate Tower Way NE, Cleveland, TN 37312

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.