Description
Duplex opportunity on a wooded 1-acre lot with rental income, near-term flexibility, and upside for an investor or owner-occupant. Each side offers 2 bedrooms and 1 bath. One unit is leased at $1,050/month through 5/31/26. The second unit is vacant and was most recently rented for $1,064/month, but it will need improvements before it is rent ready. With the current lease ending soon, this property may offer a cleaner path for an investor to evaluate both units, make improvements, adjust rents, or explore an owner-occupant strategy after closing. A nearby fully renovated duplex on Tanaka Trail recently rented for $1,175 per side, offering a helpful benchmark for potential rental upside after improvements. Based on a similar sale on the same street, the after-repair value could be around $280,000+. Recent exterior updates include paint, handrails, and lighting in 2023, plus a new roof in 2025. Right unit: Renovated in 2019 with central HVAC and ductwork, updated kitchen and bath, refinished hardwood floors, and newer finishes. Currently leased through 5/31/26 at $1,050/month. Tenant pays water, sewer, and electric. Water heater is located in the rear attached shed. Left unit: Vacant and not currently rent ready. Features electric wall heaters, tenant-supplied window AC, washer/dryer hookups, and water heater located in the kitchen. Needs some door replacements and additional improvements before occupancy. Showings are currently for the vacant left unit only. The occupied right unit may be viewed after an accepted offer, subject to tenant coordination, with broader access expected after lease expiration. Please see plat page/map to verify property/state line.
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4BEDS
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1ACRES
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0BATHS
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01/2 BATHS
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1,560SQFT
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$135$/SQFT
School Information
Description
Duplex opportunity on a wooded 1-acre lot with rental income, near-term flexibility, and upside for an investor or owner-occupant. Each side offers 2 bedrooms and 1 bath. One unit is leased at $1,050/month through 5/31/26. The second unit is vacant and was most recently rented for $1,064/month, but it will need improvements before it is rent ready. With the current lease ending soon, this property may offer a cleaner path for an investor to evaluate both units, make improvements, adjust rents, or explore an owner-occupant strategy after closing. A nearby fully renovated duplex on Tanaka Trail recently rented for $1,175 per side, offering a helpful benchmark for potential rental upside after improvements. Based on a similar sale on the same street, the after-repair value could be around $280,000+. Recent exterior updates include paint, handrails, and lighting in 2023, plus a new roof in 2025. Right unit: Renovated in 2019 with central HVAC and ductwork, updated kitchen and bath, refinished hardwood floors, and newer finishes. Currently leased through 5/31/26 at $1,050/month. Tenant pays water, sewer, and electric. Water heater is located in the rear attached shed. Left unit: Vacant and not currently rent ready. Features electric wall heaters, tenant-supplied window AC, washer/dryer hookups, and water heater located in the kitchen. Needs some door replacements and additional improvements before occupancy. Showings are currently for the vacant left unit only. The occupied right unit may be viewed after an accepted offer, subject to tenant coordination, with broader access expected after lease expiration. Please see plat page/map to verify property/state line.
Related Properties
3626-3626/3628 Tanaka Trail Chattanooga, TN 37404
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials Other Exterior Features [] Fencing [] Foundation Details Block Garage YN No Lot Features Cul-De-SacSloped Other Structures [] Parking Features Off Street Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type [] View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Water HeaterRefrigeratorFree-Standing Electric Range Basement Crawl Space Basement YN Yes Building Area Total 1560 Cooling Central AirWall Unit(s)Window Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring VinylWoodOther Heating BaseboardCentral Heating YN Yes Interior Features Open Floorplan Laundry Features Electric Dryer HookupWasher Hookup Levels One Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Duplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Tax Annual Amount 2067.75 Utilities Sewer Connected Utilities Sewer Connected Yes Water Source Public

Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Coldwell Banker Pryor Realty: 423-894-6762.