Midtown Ridge Apartment
For Sale
Contact for pricing
312 McBrien Rd, Chattanooga, TN 37411
193-unit apartment community built across phases spanning 1952 and 1986.
Property SizeContact for details
Days on Market122
Property Features for 312 McBrien Rd
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
193
Listing Agency:
Capstone Apartment Partners Nashville
Listed By:
Tyler Mayo · License #TN & NY
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:52AM
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 Capstone Apartment Partners Nashville
Investment Insights
Based on property information with market context.
Midtown Ridge Apartments is a 193-unit apartment community in Chattanooga, Tennessee, constructed in multiple phases. Five buildings were built in 1986, and two other buildings were built in 1952. One of the 1952 buildings burned down and was completely rebuilt prior to the current owner’s acquisition.
The property benefits from a central location providing residents access to multiple interstates and major employers and organizations in Chattanooga, including Erlanger Health, CHI Memorial Hospital, BlueCross BlueShield of Tennessee, Volkswagen, and the Innovation District.
The current owner has invested over $3 million in targeted capital expenditures over the last three years, and reports minimal deferred maintenance remaining, with ongoing operational value-add focused on reducing loss-to-lease.
The property benefits from a central location providing residents access to multiple interstates and major employers and organizations in Chattanooga, including Erlanger Health, CHI Memorial Hospital, BlueCross BlueShield of Tennessee, Volkswagen, and the Innovation District.
The current owner has invested over $3 million in targeted capital expenditures over the last three years, and reports minimal deferred maintenance remaining, with ongoing operational value-add focused on reducing loss-to-lease.
Key Highlights
- 193‑unit apartment community in Chattanooga, TN built across two phases (1952 and 1986)
- Five buildings constructed in 1986; two buildings constructed in 1952
- Building A from the 1952 phase burned down and was completely rebuilt prior to the current owner’s acquisition
Property Analytics
Property Profile
Current Use
Lease Details
193
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 193-unit apartment community built across phases spanning 1952 and 1986.
Where is this apartment building located?
The property is located at 312 McBrien Rd Chattanooga, TN.
What are key features of this property?
This property features: 193‑unit apartment community in Chattanooga, TN built across two phases (1952 and 1986); Five buildings constructed in 1986; two buildings constructed in 1952; Building A from the 1952 phase burned down and was completely rebuilt prior to the current owner’s acquisition
