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    Chattanooga, TN Multifamily Properties for Sale

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    Triplex with Three Separate Units
    Updated: Apr 10
    Triplex with Three Separate Units

    6625 Vaden Drive, Chattanooga, TN 37421

    $369,000
    3,340 sqft 0.28 AC lot
    Zoned commercial for triplex with 100% occupied status and gross monthly income of $2,800
    Top unit: 1,670 SF with 3/4 bedrooms and 2 full bathrooms, living/dining combination and large eat‑in kitchen
    Two basement apartments: each 1 bedroom, 1 full bath, eat‑in kitchen and living room, with laundry hook‑ups (rented $800 per unit)
    Exterior features include a large deck and a storage building in the back yard
    Utilities and systems: 3 electric meters, 3 separate heat pumps, and public water with public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    6625 Vaden Drive, Chattanooga, TN 37421

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $468K
      Above asking

    • Property Type

      Triplex
      Built 1999
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    Duplex with Street and Alley Access
    Updated: Jun 3
    Duplex with Street and Alley Access

    328 Beck Avenue, Chattanooga, TN 37405

    $634,998
    2,254 sqft 0.25 AC lot
    Duplex with 2 units: upper unit has 3 bedrooms and 1 full bathroom; lower unit has 3 bedrooms and 1 full bathroom
    Lower unit updates include newer HVAC system and updated windows
    Year built 1896 with central air and a fireplace (FireplaceYN: true)
    Public water and public sewer (WaterSource: public, Sewer: public sewer)
    Off‑street parking plus both street frontage and alley access for flexible use
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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    406 High Street, Chattanooga, TN 37403

    $1,580,000
    4,300 sqft 0.05 AC lot

    Six-unit building with in-unit washers and dryers, positioned for both short-term and long-term rental use.

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    Remodeled Duplex with Private Entrances
    Remodeled Duplex with Private Entrances

    541 Cedar Glen Circle, Chattanooga, TN 37412

    $380,000
    2,372 sqft 0.31 AC lot

    Fully occupied duplex with private entrances, individual porches, updated interiors, and a roof installed about two years ago.

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    406 High Street, Chattanooga, TN 37403

    $1,580,000
    3,787 sqft

    Six-unit building with in-unit washers and dryers and multiple unique layouts suited for mixed-term rentals.

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    Chattanooga Quadplex: Value-Add Investment
    Chattanooga Quadplex: Value-Add Investment

    1500 Keeble Street, Chattanooga, TN 37412

    $579,900
    4,402 sqft 0.47 AC lot

    Value-add quadplex with new roof and income potential.

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    Fully Remodeled Duplex Property
    Fully Remodeled Duplex Property

    2111 Chamberlain Avenue, Chattanooga, TN 37404

    $375,000
    2,243 sqft 0.15 AC lot

    Move-in-ready duplex offers separate unit living with rental income potential for owner-occupants.

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    Vacant Duplex With Two Porches
    Vacant Duplex With Two Porches

    356 Browns Ferry Road, Chattanooga, TN 37419

    $339,000
    1,652 sqft 0.25 AC lot

    Updated duplex with two identical 2-bedroom units, each with front and back porches, ready for immediate occupancy or leasing.

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    Premier Mixed-Use Asset in Chattanooga
    Premier Mixed-Use Asset in Chattanooga

    110 Somerville Ave, Chattanooga, TN 37405

    $12,250,000
    53,087 sqft

    Newly built mixed-use property with office and multifamily spaces.

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    Updated Duplex with Two 3-Bed Units
    Updated Duplex with Two 3-Bed Units

    1754 Ocoee Street, Chattanooga, TN 37406

    $275,000
    2,100 sqft 0.17 AC lot

    Updated duplex offers two vacant 3-bedroom, 1.5-bath units with separate electric meters and individual central HVAC.

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    Renovated Triplex with Private Entrance
    Renovated Triplex with Private Entrance

    6314 Fisk Avenue, Chattanooga, TN 37421

    $325,000
    2,497 sqft 0.32 AC lot

    Three separately metered units with in-unit laundry and LVP flooring, including a vacant, newly renovated unit for immediate occupancy.

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    Chattanooga Duplex with Rental Potential
    Chattanooga Duplex with Rental Potential

    5006 Marylin Lane, Chattanooga, TN 37411

    $300,000
    2,128 sqft

    Duplex in Chattanooga with strong rental demand and convenient location.

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    Income-Producing Duplex With Two Units
    Income-Producing Duplex With Two Units

    1422 Stratton Place Drive, Chattanooga, TN 37421

    $439,900
    2,700 sqft 0.34 AC lot

    Income-producing duplex offers two leased units with separate bedroom and bath layouts and in-unit laundry.

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    Updated Duplex on Missionary Ridge
    Updated Duplex on Missionary Ridge

    311 E View Drive, Chattanooga, TN 37404

    $550,000
    3,216 sqft 1.00 AC lot

    Turnkey investment: updated duplex near downtown Chattanooga with immediate income.

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    Historic Downtown Studio Apartment
    Historic Downtown Studio Apartment

    117 E 7th Street #607-C, Chattanooga, TN 37402

    $275,000
    416 sqft

    Updated studio in historic Chattanooga building with downtown views.

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    Updated Duplex For Sale
    Updated Duplex For Sale

    188 Frawley Road, Chattanooga, TN 37412

    $275,000
    1,860 sqft 0.11 AC lot

    Two vacant units each with 2 beds and 1 bath, recently updated, with a new roof and modernized interiors.

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    Two-Unit Duplex with Central HVAC
    Two-Unit Duplex with Central HVAC

    506 Hargraves Avenue, Chattanooga, TN 37411

    $255,000
    1,378 sqft 0.30 AC lot

    Each side offers 2 bedrooms, 1 bath, washer/dryer hookups, central HVAC, and separate utility meters.

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    Renovated Duplex in East Ridge
    Renovated Duplex in East Ridge

    5302 Dupont St, Chattanooga, TN 37412

    $320,000
    1,800 sqft

    Fully renovated duplex in booming East Ridge, Tennessee.

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    Turnkey Renovated Duplex Property
    Turnkey Renovated Duplex Property

    5109 Sunbeam Avenue, Chattanooga, TN 37411

    $245,000
    1,402 sqft 0.26 AC lot

    Fully renovated duplex with 2023 upgrades and a leased unit through 2026, plus a vacant second unit.

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    Condo with Mountain Views
    Condo with Mountain Views

    1131 Stringers Ridge Road #7j, Chattanooga, TN 37405

    $245,000
    1,475 sqft

    3-bedroom, 2-bath condo with mountain views and community amenities.

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    Historic Mixed-Use Building For Sale
    Historic Mixed-Use Building For Sale

    614 E Main St, Chattanooga, TN 37408

    $4,800,000
    13,950 sqft

    Eleven-unit mixed-use property with residential, STVR, and office spaces.

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    Renovation Duplex with Two Units
    Renovation Duplex with Two Units

    3626 Tanaka Trail, Chattanooga, TN 37404

    $165,000
    1,560 sqft 1.00 AC lot

    Two 2-bedroom, 1-bath units needing interior improvements, with exterior updates and a roof replacement for a value-add project.

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    Glenwood Drive Duplex Opportunity
    Glenwood Drive Duplex Opportunity

    175 Glenwood Dr, Chattanooga, TN 37404

    $299,999
    1,800 sqft

    Duplex with five bedrooms, updated units, and shared basement.

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    Chattanooga Multifamily Investment Opportunity
    Chattanooga Multifamily Investment Opportunity

    212 Gillespie Road, Chattanooga, TN 37411

    $250,000
    1,664 sqft 0.14 AC lot

    Multifamily property near downtown Chattanooga with income potential.

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    Chattanooga, TN Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Chattanooga, TN, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 136,481 square feet of properties for sale, with an estimated market value of $32,386,697.

    Sale prices for multifamily properties in Chattanooga, TN start at $165,000, averaging $952,549, and reaching up to $12,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 20
    Apartment buildings 7
    Short term rental properties 3
    Triplexes 3
    Quadplexes 2

    Demographics Overview

    Population 213K
    Population Growth (5Y) +7.2%
    Median Household Income $64,021
    College Educated 35.8%

    High-Yield Neighborhoods for Investment

    Identify Chattanooga submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37406 $195K
    37402 $275K
    37411 $278K
    37412 $359K
    37419 $409.5K

    Taxes & Financing

    Tax Rate (average for all types) 2.34%
    Property Tax per SF $41.42 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hamilton County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hamilton County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Chattanooga fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Chattanooga, TN

    • 37412
    • 37405
    • 37404
    • 37406
    • 37411
    • 37421
    • 37403
    • 37408
    • 37419
    • 37402
    • 37410

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