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Multi-Family Apartment Building

1939 Central Ave, Chattanooga, TN 37408

For Sale
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Apartment building with on-site parking and 32 residential units.

Property Size963 SF
Price / SF$425.75
Days on Market772

Property Features for 1939 Central Ave

General Information

Standard status Active
Size 963 SF
Property subtype OFFICE

Additional Details

Multifamily Units 32

Amenities

Strong visibility
Parking on Site
Listing Agency: SVN | Second Story RE Management
Listed By: Kelly Fitzgerald · License ##385215
Source: Moodyscre
Added: Sep 27, 2024 Changed: Nov 5 Last Checked: Nov 6 at 10:03AM

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 SVN | Second Story RE Management

Rey
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Investment Insights

Based on property information with market context.

This apartment building offers 32 residential units within a single structure, with on-site parking provided for residents and guests. The property is positioned for buyers seeking a straightforward residential income asset.

Located at 1939 Central Ave in Chattanooga, TN 37408. Access and day-to-day operations are supported by the parking on site.

Key Highlights

  • Apartment building with 32 residential units
  • On‑site parking available
  • Located in a vibrant, growing neighborhood

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

922
Businesses Nearby

Demographics for 37408, TN

3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building with on-site parking and 32 residential units.
Where is this apartment building located?
The property is located at 1939 Central Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Apartment building with 32 residential units; On‑site parking available; Located in a vibrant, growing neighborhood
(615) 714-6378 Call to check price and availability
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