4061 Teakwood Drive Chattanooga, TN $ 322,000
4061 Teakwood Drive
$ 322,000
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4061 Teakwood Drive

Chattanooga, TN, 37416
$ 322,000
Baths2.0 Sq 1,920

Monthly Estimate*

$ 1,983

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Studio

Multi-Family Home for sale in Chattanooga, TN

for $322,000 with 2 full baths. This 1,920 square foot home was built in 1969.

PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDE Fantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns. Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort--ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates. The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements. Located in an area with strong rental demand, this duplex checks all the boxes for a smart investment: brick construction, single-level layout, flexible leasing options, and income growth potential. Seller is ready to make a deal--don't miss this opportunity to add a high-upside property to your portfolio.

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Multi-Family Active

Price

$ 322,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,423

Style

Ranch

Year Built

1969

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

20261303

Features
General
Living Area 1920
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Water Connected Water Available Sewer Connected Sewer Available Phone Available Cable Available Cable Connected Electricity Available Electricity Connected
Possession Close Of Escrow
Roof Other
Appliances Washer Dishwasher Dryer Electric Oven Electric Range Microwave Refrigerator
Patio/Porch Features Patio
Architectural Style Ranch
Construction Materials Brick None
Year Built 1969
Levels One
Property Subtype Duplex
Community Features Other
County Hamilton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name Harbor Place
Garage Y/N false
Full Baths 2
Status Active
Directions From the Chattanooga Airport take 153N to Exit 5A then turn left onto Webb Road and follow to make a right onto Webb Road then turn left on Teakwood and the duplex will be on your right.
High School Central High
City Chattanooga
Number Of Units Total 2
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Elementary School Harrison Elem.
Tax Annual Amount 2423.14
Middle/Junior High School Brown
Property Condition Functional
Structure Type Duplex
Standard Status Active
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Interior
Interior Amenities Primary Downstairs Open Floorplan Laminate Counters
Basement None
Flooring Carpet Luxury Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Vinyl Frames
Half Baths 0
Laundry Features Main Level
Total Baths 0
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Exterior
Exterior Amenities Rain Gutters
Parking Features Driveway Off Street
Lot Features Level
Water Source Public
Foundation Details Slab
Waterfront Y/N false
Road Frontage Type City Street
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* Excluded Features
List By
Drew Carey

Listing Agent

Exp Realty, Llc

Broker

drew@choicehomes.co

Email

Affordability Calculator

$2,185
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,983
Monthly Property Taxes
$202
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Central High High School High School
Pricing History
DatePricePrice ChangeDescription
3/14/2026$322,000 Listed Price

Map


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4061 Teakwood Drive, Chattanooga, TN, 37416 is a Multi-Family Home for sale at $322,000 with 1,920 sqft. 4061 Teakwood Drive is a studio with 2.0 baths and was built in 1969. The property's zip code is 37416 which is in Chattanooga, TN