40 Clift Trail
About This Property
The large trees have been cleared, so nothing stands between you and the horizon. Development is already in motion, with the driveway started, the top of the lot graded, and a ground study completed. A city water line runs from the top of the ridge down between this lot and its neighbor, which puts you well ahead of a typical raw-land purchase before the first plan is drawn.
The lot is approximately 0.70 acres, rectangular, and sloped, and it fronts a concrete street among established single-family homes. Zoning is R-1 single-family residential with no HOA: no design review, no dues, and no one to answer to but your builder.
A sloped site like this rewards good design. Place the main floor high to frame the valley from the kitchen and great room, and step a daylight lower level down the grade for guest space, a media room, or a studio. Wrap the back in a deep porch or terrace and the view becomes part of everyday life, from the first cup of coffee to the city lights after dark.
The property sits outside a designated flood zone, and with the clearing and early site work behind you, the path from closing to breaking ground is that much shorter.
Walk up to the graded top of the lot and see what the seller saw. Private showings are available by appointment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $40,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
| Jan 23, 2025 | Listed | $80,000 | |
| Listed | |||
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Welcome to 40 Clift Trail, an extraordinary opportunity to create your dream new construction home surrounded by the stunning panoramic views of downtown Rossville and Chattanooga! Imagine waking up to breathtaking sunrises and winding down with picturesque sunsets, all from the comfort of your own sanctuary. This prime location not only offers a visual feast but also ensures a seamless lifestyle with convenient access to major routes like 75-S, and nearby attractions, including the vibrant downtown Chattanooga and charming St. Elmo. Let your agent expert guide you through this journey, helping you realize your vision of homeownership in this idyllic setting. Embrace the beauty and convenience of life at 40 Clift Trail, where every day feels like a getaway!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017