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Renovated 16-Unit Quadplex Portfolio
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3324 Pinewood Avenue, Chattanooga, TN 37411

All-brick buildings feature updated systems and decks overlooking a private wooded hillside.

Property SizeContact for details
Days on Market141

Property Features for 3324 Pinewood Avenue

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Amenities

laundry facility
office and storage area

Building Details

Buildings 4
Construction all-brick
Listing Agency: Grace Frank Group
Listed By: Grace Frank · License #TN 305329
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 4:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grace Frank Group

Investment Insights

Based on property information with market context.

This multifamily offering comprises four all-brick quadplex buildings with 16 apartments in total. Each apartment includes 2 bedrooms, 1 bathroom, a kitchen with pantry, and a living area, along with luxury vinyl plank flooring. Renovations and replacements include energy-efficient windows, new roofs, interior and exterior painting, and replacement of the majority of HVAC units. Updated rear decks extend the living areas and face a private wooded hillside.

The property is located at 3324 Pinewood Avenue in Chattanooga, near downtown employers, attractions, and amenities. A community laundry facility with new washer/dryer units is located at 3328 Pinewood Ave, which also includes office and storage space. Several units are currently being repositioned for mid-term rentals. Small pets are permitted with a $500 nonrefundable deposit and $25 monthly per pet rental fee.

Key Highlights

  • Four all‑brick quadplex buildings containing 16 income‑producing apartments
  • Each apartment offers 2 bedrooms, 1 bathroom, a kitchen with pantry, and a living area
  • Updated energy‑efficient windows, new roofs, painting, and replacement of the majority of HVAC units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Spa & Massage Center Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

436
Businesses Nearby

Demographics for 37411, TN

17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - All-brick buildings feature updated systems and decks overlooking a private wooded hillside.
Where is this quadplex located?
The property is located at 3324 Pinewood Avenue Chattanooga, TN.
What are key features of this property?
This property features: Four all‑brick quadplex buildings containing 16 income‑producing apartments; Each apartment offers 2 bedrooms, 1 bathroom, a kitchen with pantry, and a living area; Updated energy‑efficient windows, new roofs, painting, and replacement of the majority of HVAC units
(423) 208-3834 Call to check price and availability
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