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    126 Myrtle Ln Ooltewah, TN 37363

    Sponsored
    For Sale
    $535,000

    MULTI_FAMILY - Ooltewah, TN

    Property size:
    2,600 SF
    Lot size:
    0.94 Acres
    Days on Market:
    23
    Last Refresh:
    Jan 10 at 10:06 am

    Property Features for 126 Myrtle Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 7
    Bedrooms
    7
    APN
    141j A 049.03
    Parking features
    Off Street, Underground/Basement
    Patio and Porch features
    Deck, Patio
    Pets allowed
    Yes, Dogs OK, Cats OK
    Interior features
    Eat-in Kitchen, Open Floorplan, Storage
    Basement
    Partial, Full, Finished
    Size
    2,600 SF
    Lot size
    0.94 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Additional Structures
    Storage

    RE/MAX Properties (423) 894-2900 [email protected]

    Listing agent Matthew J Mucciolo (423) 800-4488 License #323367

    Listing date Dec 19, 2025

    MLS# 1525502 Listing URL

    Copyright © 2025 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ooltewah Multifamily Investment Opportunity

    This multifamily property in Ooltewah, Tennessee, presents a significant investment opportunity with the potential to convert into a triplex. The sale includes 126 Myrtle Lane. The property is in very good condition, featuring two heat pumps approximately 4-5 years old. Unit 1, located at 124 Myrtle Lane, boasts a large open floor plan and a master suite with an open ensuite area. New flooring has been installed throughout, including in both upstairs bathrooms. The basement has been completely finished, adding approximately 1500 square feet of living space (not included in the listed square footage). This finished basement includes a full bathroom, kitchenette, two bedrooms, and a playroom, all completed within the last two years. Unit 2, located at 122 Myrtle Lane, has been updated and features a living room, dining area, kitchen, laundry room, and half bath on the main level. Upstairs, there are two large bedrooms and a full bathroom. A large unfinished basement with ceilings over 9 feet high offers ample storage space or the potential for further finishing to expand the unit. The property includes a lot size of 0.94 acres and provides plenty of parking in the back, with the potential for a wraparound driveway. The empty lot at 126 Myrtle Lane offers room for another unit, although the seller has no information regarding its buildability. The property currently generates a total of $4500 per month in rental income. The listed property size is 2600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Nail Salon Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel Kitchen & Bath Department Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.037842
    Latitude
    35.057502

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    FAQs

    What type of property is this?
    Duplex - Multifamily property with potential for triplex conversion and additional unit.
    Where is this duplex located?
    The property is located at 126 Myrtle Ln Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - High income potential: Property generates $4500 per month.; - Potential for Triplex conversion and additional unit on included lot (126 Myrtle Ln.).; - Finished basement adds approximately 1500 sq ft with full bathroom, kitchenette, 2 bedrooms, and playroom (less than 2 years old).
    (423) 800-4488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    126 Myrtle Ln Ooltewah, TN 37363
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