




3 Beds
2 Baths
1,607 sqft
$205,000
1307 Wheeler Avenue, Chattanooga TN, 37406
Price per sqft$127.57
Built in1930
Property size1,607 sqft
Property typeResidential
Courtesy of Chanda Strickland, Best Realty of Chattanooga LLC,423-305-8666
Overview
Active
Listed Aug 10, 2026
Updated 2 weeks ago
TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT
Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027.
Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave.
The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations.
Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount.
An attractive opportunity for a buy-and-hold investor seeking occupied properties with established rental income.
Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
1725 Newton $189,900
$1,364/mo
Est. mortgage payment based on a $205,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 1540425
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Cooling
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.15 Acres
Other Property Details
- Taxes
- $723
- Tax Frequency
- Annually
- 55+/Senior Community
- No
Courtesy of Chanda Strickland, Best Realty of Chattanooga LLC,423-305-8666
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kim Bass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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