$2,500,000

0 Gate Tower Way NE Cleveland, TN 37312

Estimated payment $13,290/month

Total Views 173
-- Bed
-- Bath
6,248 Sq Ft
$400 Price per Sq Ft

Highlights

  • Home Under Construction
  • Vaulted Ceiling
  • No HOA
  • Private Lot
  • Granite Countertops
  • Formal Dining Room

About This Home

ATTENTION INVESTORS! Exceptional New Construction Investment Package Offered! Currently under construction and sold together are TWO Four-Family/Quadplex buildings (Lot 51 Gate Tower Way NE Parcel Id/ Tax ID: 050E H 039.00 and Lot 52 Gate Tower Way NE Parcel Id/ Tax ID: 050E H 040.00) PLUS TWO ready to build adjacent lots zoned Residential R-2 (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). Residential R-2 allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. Expected completion Spring 2026. 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. Designed and built for low maintenance. Enjoy future rental income while building on the adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for lots. MLS listing reflects information for the one Four-Family/Quadplex on Lot 52. 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. 1031 Exchange Buyers Welcome. 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.

Listing Agent

Teresa Scheiwe

Keller Williams Realty License #TN 323927 GA 346685 Listed on: 10/11/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $273

Year Built

  • Home Under Construction

Lot Details

  • 1.11 Acre Lot
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Back Yard
  • Additional Parcels

Parking

  • 4 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6,248 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Luxury Vinyl Tile Flooring

Kitchen

  • Stove
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry on upper level
  • Washer and Dryer Hookup

Outdoor Features

  • Patio
  • Rain Gutters

Schools

  • Mayfield Elementary School
  • Cleveland Middle School
  • Cleveland High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Stonebriar Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 050e H 040.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$273

Year Built

Home Under Construction

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.11
  • Subdivision Name: Stonebriar
  • Directions: 20th Street to Old Tasso Rd. Turn into Stonebriar Subdivision. Right onto Gate Tower Way. Property begins at the end of the cul de sac.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 6248.0
  • New Construction: Yes
  • Structure Type: Multi Family, Quadruplex
  • Year Built: 2026
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 050e H 040.00
  • Location Tax and Legal Elementary School: Mayfield Elementary
  • Location Tax and Legal High School: Cleveland High
  • Location Tax and Legal:Tax Annual Amount: 272.67
  • Location Tax and Legal Additional Parcels YN: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: Yes
  • General Property Information Home Warranty YN: Yes
  • General Property Information Lot Size Acres: 1.11
  • General Property Information Lot Size Square Feet2: 48351.6
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Cleveland Middle
  • Utilities Phone Available: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Water Available: Yes
  • Interior Features Separate Dining Room: Yes
  • Flooring Luxury Vinyl: Yes
  • Structure Type Multi Family: Yes
  • Utilities:Sewer Available: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry Features:Upper Level: Yes
  • Property Condition:Under Construction: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Furnished3: Unfurnished
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: Yes
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Efficiency2: No
  • Unit 2 Furnished4: Unfurnished
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: Yes
  • Unit 2 Microwave7: Yes
  • Unit 3 Efficiency3: No
  • Unit 3 Furnished5: Unfurnished
  • Unit 3 Den5: No
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: Yes
  • Unit 3 Microwave8: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Microwave9: Yes
  • Unit 4 Efficiency4: No
  • Unit 4 Furnished6: Unfurnished
  • Unit 4 Den6: No
  • Unit 4 Living Room6: Yes
  • Unit 4 Separate Dining4: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Stainless Steel Appliance(s), Refrigerator, Microwave, Free-Standing Electric Range, Dishwasher
  • Basement YN: No
  • Fireplace: No
  • Flooring: Luxury Vinyl
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Pantry, Separate Dining Room, Tub/shower Combo, Vaulted Ceiling(s), Walk-In Closet(s)
  • Window Features: Double Pane Windows, Insulated Windows, Low-Emissivity Windows, Vinyl Frames
  • Appliances Dishwasher: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Vaulted Ceiling(s): Yes

Exterior Features

  • Fencing: None
  • Lot Features: Back Yard, Level, Private, Secluded
  • View: No
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding
  • Exterior Features: Rain Gutters
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Under Construction
  • Roof: Shingle
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Level: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Back Yard2: Yes
  • Lot Features:Private: Yes
  • Window Features:Low Emissivity Windows: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Secluded: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 4.0
  • Parking Features:Driveway: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Concrete3: Yes

Utilities

  • Laundry Features: Upper Level, Washer Hookup
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Mayfield Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Lot Info

  • Lot Size Sq Ft: 48351.6
  • Additional Parcels Description: 4 LOTS TO BE SOLD AS ONE PACKAGE: Bell Tower Ln NE Lots 49, 50 and Gate Tower Way NE Lots 51, 52
  • Additional Parcels: Yes
  • Parcel #: 050e H 040.00

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 272.67

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2025 10/11/25 For Sale $2,500,000 -- $400 / Sq Ft
Source: Greater Chattanooga REALTORS®

Source: Greater Chattanooga REALTORS®

MLS Number: 1522203

Greater Chattanooga REALTORS®