$299,900
1130 Mcdonald Drive, Chattanooga, TN 37421
Listing updated October 20, 2026
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1307 Wheeler Avenue, Chattanooga, TN 37406
Hamilton County · Single Family Residence
$205,000
21 photos in total. Ask us for the full set.
- Bedrooms
- 3
- Bathrooms
- 2 full
- Living area
- 1,607 sqft
- Acreage
- 0.16 acres
- Year built
- 1930
- Property type
- Single Family Residence
- County
- Hamilton
- MLS number
- 1540425
About this property
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
Property details4 groups
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected
- Cooling
- Central Air
Construction
- Construction
- Cement Siding, Wood Siding
Land and access
- Parcel number
- 136m L 011
- Annual taxes
- $723 a year
Schools
- Elementary school
- Hardy Elementary
- Middle school
- Orchard Knob Middle
- High school
- Brainerd High
Information deemed reliable but not guaranteed.