Description
Immediate income. Five leased residences. Future flexibility. Located at 1500 & 1502 E. 13th Street, this fully occupied Chattanooga portfolio combines four townhomes and one detached single-family residence totaling approximately 6,455 square feet. Current rents generate $8,115 per month, or $97,140 in annual gross rental income. Each townhome offers approximately 1,220 square feet, while the detached residence includes approximately 1,575 square feet. Most tenants are on one-year leases, with Unit 112 leased month-to-month, providing an established income stream alongside near-term flexibility. Situated on a spacious corner lot with alley access, the property features dedicated parking for each townhome, additional parking behind the residence, a rear-building sprinkler system, and underground stormwater management. Newer townhome construction adds appeal for investors seeking a manageable residential portfolio. Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property offers access to employment, dining, breweries, and entertainment. Hold the portfolio for ongoing rental income, explore future rent adjustments as leases renew, or pursue potential individual unit sales, subject to verification of separate ownership and applicable requirements. An opportunity to acquire five income-producing residences in Chattanooga's urban core.
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11BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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6,455SQFT
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$201$/SQFT
School Information
Description
Immediate income. Five leased residences. Future flexibility. Located at 1500 & 1502 E. 13th Street, this fully occupied Chattanooga portfolio combines four townhomes and one detached single-family residence totaling approximately 6,455 square feet. Current rents generate $8,115 per month, or $97,140 in annual gross rental income. Each townhome offers approximately 1,220 square feet, while the detached residence includes approximately 1,575 square feet. Most tenants are on one-year leases, with Unit 112 leased month-to-month, providing an established income stream alongside near-term flexibility. Situated on a spacious corner lot with alley access, the property features dedicated parking for each townhome, additional parking behind the residence, a rear-building sprinkler system, and underground stormwater management. Newer townhome construction adds appeal for investors seeking a manageable residential portfolio. Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property offers access to employment, dining, breweries, and entertainment. Hold the portfolio for ongoing rental income, explore future rent adjustments as leases renew, or pursue potential individual unit sales, subject to verification of separate ownership and applicable requirements. An opportunity to acquire five income-producing residences in Chattanooga's urban core.
1500 +1502 E 13th Street Chattanooga, TN 37404
Property Description
Architectural Style Contemporary Attached Garage YN No Construction Materials BlockCement SidingWood Siding Exterior Features CourtyardLighting Exterior Features Lighting Yes Fencing Chain Link Foundation Details BlockSlab Lot Features Back YardCity LotFront YardLevel Other Structures [] Parking Features GravelOff Street Patio And Porch Features CoveredFront Porch Pool Features None Pool Features None Yes Roof Shingle Roof Shingle Yes Structure Type TownhouseSee Remarks View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Washer/Dryer StackedWasher/DryerMicrowaveFree-Standing Electric OvenElectric Water HeaterElectric OvenDisposalDishwasher Basement [] Basement YN No Building Area Total 6455 Cooling Central Air Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring CarpetHardwoodLuxury Vinyl Heating Central Heating YN Yes Interior Features Eat-in KitchenHigh Speed InternetKitchen IslandOpen FloorplanRecessed LightingTub/shower Combo Laundry Features Electric Dryer HookupIn HallLaundry Closet Levels [] Window Features ENERGY STAR Qualified WindowsVinyl Frames
Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Multi Family Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Structure Type Townhouse Yes Tax Annual Amount 0 Utilities Cable AvailableElectricity ConnectedPhone AvailableSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Zach Taylor - Chattanooga: 855-261-2233.
