TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT
Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027.
Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave.
The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations.
Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount.
An attractive opportunity for a buy-and-hold investor seeking occupied properties with established rental income.
Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
1725 Newton $189,900
For sale
$205,000
1307 Wheeler Ave, Chattanooga, TN 37406
3beds
1,607sqft
Single Family Residence
Built in 1930
6,751 Square Feet Lot
$195,800 Zestimate®
$128/sqft
$-- HOA
What's special
- 73 days
- 194
- 11
Zillow last checked:
Listing updated:
Listed by:
Chanda Strickland 423-305-8666,
Best Realty of Chattanooga LLC 423-305-8666
Source: Greater Chattanooga Realtors,MLS#: 1540425
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Bathroom
- Level: First
Bathroom
- Level: First
Living room
- Level: First
Cooling
- Central Air
Appliances
- Included: Refrigerator
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,607
- Total interior livable area: 1,607 sqft
- Finished area above ground: 1,607
Property
Parking
- Parking features: Driveway
Features
- Stories: 1
- Exterior features: Rain Gutters
Lot
- Size: 6,751 Square Feet
- Dimensions: 50 x 135
Details
- Parcel number: 136m L 011
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Cement Siding, Wood Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Sewer Connected
Community & HOA
Community
- Subdivision: Arlington Heights
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $128/sqft
- Tax assessed value: $83,900
- Annual tax amount: $722
- Date on market: 8/10/2026
- Listing terms: Cash,Conventional,FHA
Estimated market value
$195,800
$186,000 - $206,000
$1,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $205,000+78.3%$128/sqft |
Source: Greater Chattanooga Realtors #1540425 Report a problem | ||
| 12/19/2024 | Listing removed | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/17/2024 | Listed for rent | $1,550+3.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/17/2024 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/8/2024 | Price change | $1,500-3.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/19/2024 | Listed for rent | $1,550$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2023 | Sold | $115,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $318 +18.2% | $20,975 +74.4% |
| 2024 | $269 | $12,025 |
| 2023 | $269 | $12,025 |
| 2022 | $269 | $12,025 |
| 2021 | $269 -3.9% | $12,025 +18.8% |
| 2020 | $280 | $10,125 |
| 2019 | $280 | $10,125 |
| 2018 | $280 -56% | $10,125 |
| 2017 | $637 +2.1% | $10,125 |
| 2016 | $624 | -- |
| 2015 | $624 +22.6% | $10,025 |
| 2014 | $509 -11.5% | -- |
| 2013 | $575 | $10,025 -11.5% |
| 2012 | $575 | $11,325 |
| 2011 | $575 | $11,325 |
| 2010 | $575 +7.9% | $11,325 |
| 2009 | $533 | $11,325 +11.9% |
| 2008 | -- | $10,125 |
| 2007 | -- | $10,125 |
| 2006 | -- | $10,125 |
| 2005 | -- | $10,125 +9.8% |
| 2004 | -- | $9,225 |
| 2003 | -- | $9,225 |
| 2002 | -- | $9,225 |
| 2001 | -- | $9,225 +7.9% |
| 2000 | -- | $8,550 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wheeler Avenue
Nearby schools
Schools provided by the listing agent
- Elementary: Hardy Elementary
- Middle: Orchard Knob Middle
- High: Brainerd High
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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