This is a rare opportunity to acquire a fully leased rental portfolio consisting of 4 single-family rental homes and 1 duplex in Chattanooga, TN.
All properties are fully occupied, each with individual driveways, ample parking, and fenced-in & flat backyards. All leases are month-to-month and tenants have been there for multiple years. Rent is below market value. Leases and showings are available upon submission of an LOI.
For sale
$950,000
1501 Fruitland Dr, Chattanooga, TN 37412
12beds
1,792sqft
:
Get pre-qualified$5,546/mo
Multi Family
Built in 1975
-- sqft lot
$914,500 Zestimate®
$530/sqft
$-- HOA
What's special
Fenced-in and flat backyardsAmple parkingIndividual driveways
- 265 days |
- 178 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Robert Fisher 423-667-8634,
KW Commercial 423-664-1550
Source: Greater Chattanooga Realtors,MLS#: 1524265
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
Cooling
- Varies by Unit
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Parking features: Driveway, Off Street
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 169j H 014
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $530/sqft
- Tax assessed value: $268,800
- Annual tax amount: $1,958
- Date on market: 11/20/2025
- Listing terms: Cash,Conventional
Estimated market value
$914,500
$869,000 - $960,000
$1,359/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Price change | $950,000-24%$530/sqft |
Source: Greater Chattanooga Realtors #1524265 Report a problem | ||
| 2/15/2026 | Price change | $1,250,000-6.7%$698/sqft |
Source: Greater Chattanooga Realtors #1524265 Report a problem | ||
| 11/20/2025 | Listed for sale | $1,339,200$747/sqft |
Source: Greater Chattanooga Realtors #1524265 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,831 +44.6% | $107,520 +128.6% |
| 2024 | $1,958 | $47,040 |
| 2023 | $1,958 | $47,040 |
| 2022 | $1,958 +86.1% | $47,040 |
| 2021 | $1,052 +3.3% | $47,040 +27.7% |
| 2020 | $1,019 | $36,840 |
| 2019 | $1,019 | $36,840 |
| 2018 | $1,019 -44.3% | $36,840 |
| 2017 | $1,830 +3.9% | $36,840 |
| 2016 | $1,760 | -- |
| 2015 | $1,760 | $34,440 |
| 2014 | $1,760 +72.4% | -- |
| 2013 | $1,021 | $34,440 -6.7% |
| 2012 | $1,021 | $36,920 |
| 2011 | $1,021 | $36,920 |
| 2010 | $1,021 | $36,920 |
| 2009 | $1,021 | $36,920 +12.7% |
| 2008 | -- | $32,760 |
| 2007 | -- | $32,760 |
| 2006 | -- | $32,760 |
| 2005 | -- | $32,760 +21.3% |
| 2004 | -- | $27,000 |
| 2003 | -- | $27,000 |
| 2002 | -- | $27,000 |
| 2001 | -- | $27,000 +9.6% |
| 2000 | -- | $24,640 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37412
Nearby schools
GreatSchools rating
- 2/10Spring Creek Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10East Ridge Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10East Ridge High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Spring Creek Elementary
- Middle: East Ridge Middle
- High: East Ridge 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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A local agent can set up tours, give advice and negotiate with sellers.
