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0 Gate Tower Way Ne #Lots 51, 52, 50, 49, 
Cleveland, TN 37312

$2,500,000


Bed


Bath


6,248

Sq Ft


Multi-Family

Active

Listed by

Teresa Scheiwe

Keller Williams Realty

423-664-1800

Last updated:

October 14, 2025, 02:45 PM

MLS#

1522203

Source:

TN CAR

About This Home

0 Gate Tower Way Ne #Lots 51, 52, 50, 49

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.

Home Facts

Multi-Family

Built in 2026

Price Summary

2,500,000

$400 per Sq. Ft.

MLS #:

1522203

Last Updated:

October 14, 2025, 02:45 PM

Added:

4 day(s) ago


Rooms & Interior

Interior

Living Area:

6,248 Sq. Ft.


Structure

Structure

Building Area:

6,248 Sq. Ft.

Year Built:

2026


Lot

Lot Size (Sq. Ft):

48,351


Finances & Disclosures

Finances

Price:

$2,500,000

Price per Sq. Ft:

$400 per Sq. Ft.

Source:TN CAR
The information being provided by Greater Chattanooga Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Greater Chattanooga Association of Realtors All rights reserved.

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