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123 Yother Lane, Chattanooga, TN 37415

Hamilton County · Duplex
$1,870,000
Bedrooms
24
Living area
3,576 sqft
Acreage
2.02 acres
Year built
1988
Property type
Duplex
County
Hamilton
MLS number
1543177

About this property

Investment opportunity in Red Bank featuring five well-maintained duplexes with 10 fully occupied units, plus two adjacent vacant lots offering future development potential. Listed under 123 Yother Lane, the portfolio includes multiple properties and addresses being offered together.

Nine of the 10 units are currently month-to-month, giving a new owner flexibility to gradually increase rents and make updates as units turn over. Utilities are separately metered and paid by tenants, and the properties have been well maintained, with many featuring brick construction.

The two vacant lots are located alongside the existing duplexes and are currently zoned RN-2, offering potential for additional residential development subject to buyer verification. Conveniently located near Downtown Chattanooga, Hixson shopping and dining, and major roadways, this portfolio combines immediate income with opportunities for rental growth and future expansion. Seller prefers to sell the five duplexes together but may consider selling the vacant lots separately.

**No showings until acceptable offer as there are current tenants living in the units.** Unit 113/115- Roof 2023

Unit 115 - new dishwasher & fridge 2025

Unit 119 - remodel 2/26

Unit 121 - HVAC 10/25, Dishwasher 12/24, stove and microwave vent hood 1/23

Unit 123 - Stove and dishwasher 10/22

Unit 130 - Garage Door 2/26, Roof 2023 for whole building, new appliances 1/23

Unit 132 - Garage door 2/26

Property details4 groups

Utilities

Water
Public
Sewer
Public Sewer
Utilities
Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities, Water Available
Heating
Central
Cooling
Central Air

Construction

Construction
Brick, Other
Roof
Shingle
Levels
Two

Land and access

Lot features
Gentle Sloping, Level
Parcel number
099c C 035.01
Annual taxes
$3,176 a year

Schools

Elementary school
Hixson Elementary
Middle school
Red Bank Middle
High school
Red Bank High School

Information deemed reliable but not guaranteed.