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40-Unit Apartment Building
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220 Culver St, Chattanooga, TN 37415

Partially renovated apartment property with improvements completed across all floor plans in Red Bank.

Property SizeContact for details
Days on Market144

Property Features for 220 Culver St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 40

Building Details

Year Built 1973
Listing Agency: Newmark | Nashville - 501 Commerce Street
Listed By: Parker Geiger · License #TN 366960
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:20PM

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 Newmark | Nashville - 501 Commerce Street

Investment Insights

Based on property information with market context.

Terra at Ashley is a 40-unit apartment property at 220 Culver St in Chattanooga’s Red Bank area. Built in 1973, the community is partially renovated, with updated units represented across all floor plans. The property combines classic apartments with completed improvements, creating a varied unit presentation within the existing community.

Red Bank sits across the river from Chattanooga and serves as a gateway to the city’s downtown employment base. The surrounding area includes Stringers Ridge Park, TVA Big Ridge, Walden’s Ridge Park, Renaissance/Coolidge Park, and Lake Chickamauga. Apartment rent growth in the submarket reached 6.6% within the last year, outpacing the broader Chattanooga market.

Key Highlights

  • 40‑unit apartment property built in 1973
  • Partially renovated community with improvements across all floor plans
  • Located at 220 Culver St, Chattanooga, TN 37415

Property Analytics

Current Use

Food city Lee ... Grocery & Convenience Store Ashley Place Apartments Apartment Complex

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Restaurant Hair Salon Pharmacy

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

40
Residential units

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 37415, TN

23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
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?
Apartment building - Partially renovated apartment property with improvements completed across all floor plans in Red Bank.
Where is this apartment building located?
The property is located at 220 Culver St Chattanooga, TN.
What are key features of this property?
This property features: 40‑unit apartment property built in 1973; Partially renovated community with improvements across all floor plans; Located at 220 Culver St, Chattanooga, TN 37415
More about this property
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