Converted Multifamily Property in
For Sale
$3,980,000
405 Chickamauga Drive, Dayton, TN 37321
22,528 SF property with 31 units, converted in 2025.
Property Size22,528 SF
Price / SF$176.67
Days on Market168
Property Features for 405 Chickamauga Drive
General Information
Standard status
Active
Size
22,528 SF
Property subtype
Multifamily
Building Details
Year Built
2021
Listing Agency:
NAI Koella | RM Moore
(321) 439-3175
Listed By:
Heidi Adams · License #00320097
(321) 439-3175
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 21 at 5:16AM
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 NAI Koella | RM Moore
Investment Insights
Based on property information with market context.
This 22,528 SF property in Dayton, TN, presents an investment opportunity in workforce housing/multifamily. Originally built in 2021 as a hotel, it was converted to workforce/multifamily living in 2025. The property features 31 units and is zoned for commercial-hospitality use. The property has been converted to accommodate both short- and long-term rentals. The location is near Chickamauga Lake, offering waterside activities such as fishing and boating. The historic downtown district is also nearby, featuring local shops, eateries, and cultural attractions. The property's proximity to major highways and transportation centers makes it an ideal location for residential living.
Key Highlights
- High‑occupancy workforce/multifamily housing conversion completed in 2025.
- 31 fully‑furnished, modern units.**
- 22,528 SF property built in 2021.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 37321, TN
19,823
Population
8,947
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
84%
High-School Grad
114.0 sq mi
ZIP Area
174
Density / Sq Mi
$59,182
Median Household Income
$35,883
Median Earnings
$819
Median Rent
$168,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 22,528 SF property with 31 units, converted in 2025.
Where is this apartment building located?
The property is located at 405 Chickamauga Drive Dayton, TN.
What is the asking price?
The asking price for this property is $3,980,000.
What are key features of this property?
This property features: High‑occupancy workforce/multifamily housing conversion completed in 2025.; 31 fully‑furnished, modern units.**; 22,528 SF property built in 2021.
