Prime Mixed-Use Investment Opportunity in Whitwell, TN -- Commercial Frontage + Dual Residential Income! Fully leased with long term tenants in place.
Rare opportunity to own a versatile, income-producing property in a high-traffic, high-visibility commercial corridor in Whitwell! This unique offering combines commercial space, a spacious upstairs apartment, and a separate single-family residence -- perfect for investors, owner-occupants, or entrepreneurs looking for the ultimate live/work setup.
Main Building -- Commercial + Residential Combo The ground floor offers prime commercial space with excellent street visibility, ideal for retail, office, or a variety of business uses. Upstairs, you'll find a beautifully appointed 2 bedroom, 2 bathroom apartment featuring:
* Open living room and separate dining room
* Well-equipped kitchen with stove, refrigerator, microwave, and dishwasher
* Dedicated laundry room with included washer and dryer
* Spacious walk-in closets throughout
* Gorgeous hardwood flooring
* Central heat and air for year-round comfort
* Water heater included
* Roof only 3 years old
* Charming front and back porches
Bonus Single-Family Residence -- ADU or Short-Term Rental Potential Adding even more value and income potential, the property also includes a separate 2 bedroom, 1 bathroom home featuring its own front and back porches, a private driveway, and a shingle roof that's just 3 years old. With its own separate entrance, this home functions beautifully as an accessory dwelling unit (ADU) -- ideal for multigenerational living, long-term rental income, or an Airbnb/short-term rental (buyer to verify local short-term rental regulations).
Why This Property Stands Out
* High-traffic commercial visibility for maximum business exposure
* Multiple income streams from one property
* Live/work flexibility -- run your business and live upstairs * ADU potential for rental income, multigenerational living, or Airbnb
* Turnkey investment with strong rental history potential
* 1-Year Home Warranty included for buyer peace of mind
Whether you're an investor seeking multi-unit cash flow, an entrepreneur wanting to live where you work, or someone looking to expand a rental portfolio with a built-in short-term rental option, this Whitwell property checks every box. Opportunities like this -- combining commercial exposure with dual residential income and Airbnb flexibility -- don't come along often.
Schedule your showing today and see the potential for yourself!
For sale
$489,000
354 S Hemlock Dr, Whitwell, TN 37397
2beds
728sqft
Mixed Use
Built in 1956
0.56 Acres Lot
$475,300 Zestimate®
$672/sqft
$-- HOA
What's special
- 89 days
- 23
- 1
Zillow last checked:
Listing updated:
Listed by:
Diana Davies 703-764-0907,
Real Estate Partners Chattanooga LLC 423-265-0088
Source: Greater Chattanooga Realtors,MLS#: 1539644
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
Bedroom
- Level: First
Bathroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dryer, Oven, Other, Refrigerator, Washer, Water Heater
- Laundry: Electric Dryer Hookup, Inside, In Unit, Washer Hookup
Features
- Flooring: Tile, Vinyl, Wood
- Windows: Vinyl Frames
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 728
- Total interior livable area: 728 sqft
- Finished area above ground: 728
Property
Parking
- Parking features: Driveway
Features
- Levels: One
- Patio & porch: Deck, Front Porch, Porch
- Exterior features: Private Yard, Rain Gutters, Storage
- Fencing: None
Lot
- Size: 0.56 Acres
- Dimensions: 85 x 165
- Features: Back Yard, Front Yard, Level
Details
- Additional structures: Storage
- Parcel number: 050b D 009.00
- Special conditions: Investor
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Mixed Use
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1956
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Electricity Connected, Phone Available, Sewer Not Available, Water Available, Water Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Whitwell
Financial & listing details
- Price per square foot: $672/sqft
- Tax assessed value: $58,900
- Annual tax amount: $382
- Date on market: 8/6/2026
- Listing terms: Cash,Conventional
- Inclusions: Stove, Refrigerator, Washer, Dryer, Water Heater, Window heat and air unit
- Road surface type: Asphalt
Estimated market value
$475,300
$452,000 - $499,000
$1,332/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $489,000$672/sqft |
Source: Greater Chattanooga Realtors #1539644 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $383 | $14,725 |
| 2024 | $383 | $14,725 |
| 2023 | $383 | $14,725 |
| 2022 | $383 | $14,725 |
| 2021 | -- | $14,725 +38.6% |
| 2020 | $338 | $10,625 |
| 2019 | $338 +14.4% | $10,625 |
| 2018 | $295 +0.1% | $10,625 |
| 2017 | $295 | $10,625 |
| 2016 | $295 -1.4% | $10,625 |
| 2015 | $299 | $10,625 -1.7% |
| 2014 | $299 | $10,812 |
| 2013 | $299 +1.7% | $10,812 |
| 2012 | $294 +0.1% | $10,812 |
| 2011 | $294 | $10,812 |
| 2010 | -- | $10,812 |
| 2009 | -- | $10,812 +53.3% |
| 2008 | $173 -77.7% | $7,052 -77.7% |
| 2007 | $774 +302.3% | $31,598 +331.9% |
| 2006 | $192 | $7,316 |
| 2005 | $192 +12.9% | $7,316 |
| 2004 | $170 -10.5% | $7,316 -7% |
| 2002 | $190 | $7,866 +5.4% |
| 2001 | -- | $7,465 -69.8% |
| 2000 | -- | $24,708 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37397
Nearby schools
Schools provided by the listing agent
- Elementary: Whitwell Elementary
- Middle: Whitwell Middle
- High: Whitwell High School
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






