916 Airport Rd, Chattanooga, Tennessee

Multi-Family for Sale in Chattanooga

916 Airport Rd, Chattanooga, TN

  • CA$1,638,948
  • 12 BEDS
  • 6 BATHS
  • 0.60 ac Land
  • CA$1,638,948

Multi-Family for Sale in Chattanooga

916 Airport Rd, Chattanooga, TN

  • CA$1,638,948
  • 12 BEDS
  • 6 BATHS
  • 0.60 ac Land
  • CA$1,638,948

Key Facts

  • MLS® #: 1528506
  • Property ID: SIRC3112004
  • Original Price: USD 1,299,000
  • Property Type: Residential, Multi-Family Home
  • Style: 1 Level Ranch
  • Lot Size: 0.60 ac
  • Bedrooms: 12
  • Bathrooms: 6

Property Description

Brand new 2026 construction six-unit apartment complex located in Chattanooga's high-demand Airport corridor, currently in active lease-up with projected stabilization within 90 days at approximately $120,000 gross annual income. This stabilized-ready asset features a clean, modern aesthetic with architectural shingle roofing, low-maintenance vinyl siding, full concrete parking, and updated interiors with stainless steel appliances in every unit, offering minimal to zero deferred maintenance for years to come. All units are single-level, providing convenient one-level living with strong accessibility appeal. Utilities are separately metered for electric and water, each unit has individual trash can service, and high-speed internet is available, creating efficient operations and meeting modern tenant expectations. The parcel appears to be located within a Community Reinvestment Act (CRA) eligible lending area, which may provide favorable financing considerations through participating lenders. The unit mix includes two end units projected at $1,800 per month and four interior units projected at $1,600 per month. Projected NOI is approximately $84,000 based on a conservative 70% expense ratio, reflecting an estimated 6.5% cap rate at current pricing assumptions. Professional property management is in place and overseeing lease-up, allowing a new owner to step into a turnkey investment with minimal operational friction. Located minutes from Chattanooga Metropolitan Airport, I-75 and Highway 153, and surrounded by major retail including Hamilton Place and national brands such as Target, Publix, Chick-fil-A, and Starbucks, along with major employers including Volkswagen Chattanooga Assembly Plant and Amazon. Rare small-format new construction multifamily opportunity in one of Chattanooga's most convenient and growth-oriented corridors. Buyer responsible to verify all information deemed important.

Listing Agents

  • Justin Hood

    C. 404.558.0107

    O. 423.756.9999

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Location

916 Airport Rd, Chattanooga, Tennessee, 37421 United States

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Marketed By

Horizon Sotheby's International Realty
7522 East Brainerd Road
Chattanooga, Tennessee, 37421
United States

4237569999

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