1604 Beech St Chattanooga, TN 37404
This exceptional investment opportunity presents a portfolio of 21 residential units in Chattanooga, Tennessee, offering immediate cash flow and significant upside potential. The portfolio comprises a diverse mix of property types, including a nine-unit two-story apartment complex, one duplex, and ten single-family homes, all meticulously maintained and constructed between 2015 and 2023. Located in the desirable Ridgedale neighborhood, near Highland Park and the Southside District, these properties benefit from a prime location within a square mile radius in zip code 37404. The units, built with durable Hardie board and concrete slab foundations, boast a mix of sizes and configurations, ranging from one-bedroom to four-bedroom units. Currently operating at 100% occupancy, this portfolio provides a stable income stream with the potential for future rent increases. The asking price is $5,400,000, and the sale is structured to accommodate a 1031 exchange. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a thriving Chattanooga market. Detailed unit information, including square footage, bedroom/bathroom counts, and individual addresses, is available upon request. The seller is a reputable general contractor, ensuring high-quality construction and ongoing maintenance. This portfolio is ideal for investors seeking immediate returns and long-term growth in a strong rental market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.