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Listed price in listed location currency (USD).
$2,500,000

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MLS® 1522203

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12496 sqft
Garage Yes
Taxes $273
Days Active 56
Lot Size 3.01 acres
Approx. Age 2026
Avg. Price Per Sqft $200
MLS® Number 1522203

Property Address: 51 Gate Tower Way Ne, Cleveland, TN, 37312

Average square foot calculated using Size range provided by listing agent.

Description

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® Number1522203
Laundry LevelUpper Level, Washer Hookup
Central VacNo
FireplaceNo
Acreage3.01
Exterior
GarageYes
Approx. Age2026
Basement
DrivewayConcrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces8
Heat
A/C
Heating Fuel

Extras

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Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 11, 2025List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
51 Gate Tower Way Ne, Cleveland, TN

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