Multi Family homes for sale & real estate in 37421, TN

Multi Family Home for sale in 37421, TN:

Investment opportunity with immediate rental income! This all-brick duplex is situated on a spacious lot of nearly one acre and is currently generating $2,795 per month in rental income. Both units are tenant occupied with month-to-month leases, giving the next owner the flexibility to continue the existing rental arrangement or make changes to fit their investment strategy. Each unit offers 2 bedrooms and 1 full bathroom, along with a kitchen, dining area, spacious living room, private parking, and access to its own outdoor space. The left unit has received several updates, including LVT flooring throughout the living room, dining area, and kitchen, fresh paint and baseboards, a newer rang

Multi Family Home for sale in 37421, TN:

An opportunity to own an income-producing duplex in a convenient Chattanooga location! With both units rented, this property offers established rental income, spacious floor plans and flexibility for your investment goals. The duplex features a three-bedroom, two-bath unit and a two-bedroom, one-and-a-half-bath unit, totaling approximately 2,428 square feet. One unit rents for $1,750 per month under a one-year lease beginning August 2026, while the other rents for $1,350 per month on a month-to-month agreement. Combined gross rental income is $3,100 per month, or $37,200 annually at current rents. Previously updated electrical, plumbing, flooring and appliances complement the partial brick

Multi Family Home for sale in 37421, TN:

This duplex offers a solid opportunity for an investor looking for immediate rental income with additional upside over time. Each unit features 2 bedrooms and 1 bathroom, and both units are currently occupied with leases in place. One unit is leased on a 6-month term at $1,150/month and features recently updated flooring throughout, a new bathroom vanity, a refrigerator, and washer/dryer hookups. The second unit is currently leased month-to-month at $1,000/month and also includes a refrigerator and washer/dryer hookups. Tenants pay all utilities, and each unit is individually metered. Current gross monthly rent is $2,150, producing $25,800 in gross annual rental income. With two separately

Multi Family Home for sale in 37421, TN:

All brick tri-plex at the corner of S. Terrace & Brookfield Ave. Seller had same tenants for years. Upstairs units have high ceilings, LARGE living rooms, formal dining rooms, woodburning fireplaces & partially updated bathrooms. Kitchen appliances. Hardwood, carpet & vinyl or linoleum floors. Many wooden built-in features for storage & display. Covered broken tile front porches & enclosed covered back porches for outdoor living! Large paved parking lot in back. Grass backyard for kids. Convenient location! Property sold as-is where is. No repairs by seller.

Multi Family Home for sale in 37421, TN:

TURNKEY, FULLY OCCUPIED DUPLEX INVESTMENT OPPORTUNITY! Built and owned by the same family since its construction, this well-maintained, four-sides-brick duplex offers a strong rental history with both units currently occupied and leased through July 2027. Current tenants would like to remain, providing an incoming investor with established tenancy from day one. Each side rents out for $1260/mo. Each side features 2 bedrooms and 1.5 baths with a functional layout that has supported long-term rental appeal. Significant mechanical updates have already been completed, including new HVAC systems on both sides in October 2024 and new water heaters on both sides in July 2025, helping reduce near-t

Multi Family Home for sale in 37421, TN:

Well maintained Chattanooga duplex offering strong rental income, updated major systems, and an extra lot with build potential. One unit features three bedrooms and one and a half baths, and the second unit offers two bedrooms and one and a half baths, creating flexible rental options for investors. Recent improvements include HVAC systems installed in 2022, a new roof in 2021, and a new deck, providing low maintenance and turnkey ownership. Both units are Section 8 approved with reliable monthly income and eligibility for a rent increase, making this a valuable cash flow investment. The additional lot provides space to build another unit or expand, adding long term value and development po