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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 4 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 The Gideon Group® shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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