Asset Type: Real Estate
Estate: Leasehold
Year Built: 2023
Number of Floors: 2
Property Size: 5,603 SF
Property Type: Multifamily
Occupancy %: 75
Land Area: 0.62 Acres
Number of Units: 4
Investment Highlights
- 5,603 SF total
- 4 units (2 townhomes and 2 SFHs)
- Fully rehabbed homes and newer construction townhomes built in 2023
- Estimated Annual Gross Income: ~$76,150
- Located in Chattanooga
- 100% occupancy
4 Properties: 1682 and 1686 S Watkins St and 7041 and 7045 Maplewood Ln
4-Property Chattanooga Investment Portfolio | Townhomes + SFR | Stabilized Rental Income
Owner is open to selling the properties individually as well. The two SFHs are on separate parcels but share the same septic system and would need to be sold together. Offered as a single portfolio, this 4-property investment opportunity combines new-construction townhomes in Chattanooga’s thriving Mill Town / Southside area with two upgraded single-family residences in Lookout Valley, delivering diversified rental income, strong in-place cash flow, and long-term appreciation potential.
Portfolio Breakdown
1682 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
Lease signed to start 3/1/2026
3 bed | 2.5 bath | 1,157 SF
Current rent: $1,600/mo
1686 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
2 bed | 3 bath | 1,306 SF
Current rent: $1,800/mo
7041 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Estimated Rent: $1,600/month
2 bed | 1 bath | 1,464 SF
7045 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Month-to-month lease
Current rent: $2,000/mo
3 bed | 2 bath | 1,676 SF
Estimated total rent: $7,000/mo
Estimated annual total rent: $84,000
Estimated NOI: $58,800
Cap Rate: 6%
The S Watkins Street townhomes are located in and adjacent to Mill Town, a modern urban infill neighborhood on Chattanooga’s Southside known for new construction, walkability, and close proximity to Downtown Chattanooga, UTC, Erlanger Hospital, I-24/I-75, breweries, dining, and major employment centers.
The Maplewood Lane properties sit in Lookout Valley, approximately 10 minutes from Downtown Chattanooga, with convenient access to I-24, Ruby Falls, Rock City, Point Park, and Black Creek Golf Club. Both homes operate as long-term rentals, providing stable income and reduced operational complexity compared to short-term rental management.
Major Capital Improvements (Maplewood Properties – 2021)
New roofs and gutters
New HVAC systems (heat pumps)
New water heaters
Encapsulated crawlspaces
New septic systems and water lines
Updated appliances
Financial Highlights (Long-Term Rental Scenario)
This portfolio offers stable rental income, significant recent capital improvements, and exposure to two of Chattanooga’s strongest growth corridors, making it an attractive opportunity for investors seeking long-term appreciation and dependable cash flow.
Sale FAQs