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24 Beds
16 Baths
3,576 sqft

$1,870,000

123 Yother Lane, Chattanooga TN, 37415

Price per sqft$522.93
Built in1988
Property size3,576 sqft
Property typeMulti-family
Courtesy of Sarah E Brogdon, Real Estate Partners Chattanooga LLC,423-290-4416

Overview

Active

Listed Sep 21, 2026

Updated 3 days ago

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

$12,441/mo

Est. mortgage payment based on a $1,870,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1543177

Interior Features

Bedrooms
24
Bathrooms
16
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.02 Acres

Other Property Details

Taxes
$3,176
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of Sarah E Brogdon, Real Estate Partners Chattanooga LLC,423-290-4416 

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 Kathleen Hill shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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