$7,066

closing credit¹

4514/4516 Oakland Ave Chattanooga, TN 37410

$595,000
3,120 sqft
0.1 acres
$191 / sqft
Multi-Family

Property details

About 4514/4516 Oakland Ave

Discover an exceptional investment opportunity with these newly constructed townhomes, designed to generate consistent income in a thriving, up-and-coming area. This property features two separate 3-bedroom, 2.5-bathroom units, each offering modern comforts and excellent rental potential. These properties bring in an impressive average of $5,916 per month over a 12-month period. One townhome is currently rented on a two-year lease for $2,500 per month, while the other operates as a fully furnished short-term vacation rental (STVR). All furnishings for the STVR will convey but are subject to negotiation with any sale, offering the next owner a turnkey solution for maintaining this high-performing rental. The owner has made several improvements to enhance the property, including professional landscaping and the addition of fencing in the backyard, further increasing its value and appeal to tenants. Both townhomes are thoughtfully designed with a modern aesthetic and high-quality finishes, including a contemporary color palette, stainless steel appliances, granite countertops, and a large kitchen island. Durable LVL flooring, ceiling fans, and a charming covered back deck add to the comfort and functionality of these units. Each townhome includes an open-concept great room, an eat-in kitchen, and a sizable one-car garage. Built with energy efficiency in mind, these properties are EPB Smart Build certified, ensuring lower utility costs and long-term savings. Located on the edge of St. Elmo and just minutes from Chattanooga's vibrant Southside and downtown, this property offers incredible convenience. Tenants will enjoy proximity to a variety of local shops, grocery stores, restaurants, entertainment venues, and major employers, making it an attractive option for both long-term and short-term renters. This turnkey investment offers an amazing rate of return and the opportunity to capitalize on the growth of Chattanooga's real estate market. Whether you're a seasoned investor or looking to break into the market with a strong-performing property, 4514/4516 Oakland Avenue is a rare find. Don't miss your chance to own this high-performing asset in one of Chattanooga's most promising areas. Schedule your showing today!

Highlights

Home typeDuplex
StatusActive
CoolingCentral Air, Electric
Size3,120 sqft
Lot size0.14 Acres
Year built2023
ParkingGarage, Off Street, Paved
MLS #1505848
FireplaceElectric

Summary

  • MLS Number: 1505848
  • MLS Name: Greater Chattanooga REALTORS®
  • Office Name: EXP Realty LLC
  • Office Phone: (888) 519-5113
  • Office Email: tn.mls@exprealty.net

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property with a garage

$595,000

4514/4516 Oakland Ave

$7,066

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

3

Calvin Donaldson Elementary School

Public Magnet PK-5

0.8 mi

927 W 37th St

8

Lookout Mountain Elementary School

Public District KG-5

1.4 mi

321 N Bragg Ave

5

Rossville Elementary School

Public District PK-5

1.8 mi

1250 Wilson Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $13,511. Most Chattanooga, TN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

73%
<35k
21%
35k-100k
5%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

57%
Single, No Kids
32%
Single, with Kids
8%
Married, No Kids
3%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

22%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
32%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • NHRA Drag RacingNHRA Drag Racing
  • SoccerSoccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Burger KingBurger King
  • Golden CorralGolden Corral
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • BuickBuick
  • KiaKia
  • MazdaMazda

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 4514/4516 Oakland Ave in Chattanooga, TN and zip code 37410 in the South Chattanooga neighborhood. This 3,120 square foot home, which was built in 2023, sits on a 0.14 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 17, 2025 and is currently priced at $595,000.

While more than 47 listings in Chattanooga, TN in December 2024 were sold above asking price, there were more than 100 listings sold at asking price, and more than 216 were sold below. In December 2024 in Chattanooga, TN there were 8.3% less homes for sale than in November. The median list price of listings available in December 2024 was $329,879, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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