




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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