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For sale
  • $489,000

    354 S Hemlock Dr, Whitwell, TN 37397

    2beds
    728sqft
    : 
    $3,065/mo
    Get pre-qualified
    Mixed Use
    Built in 1956
    0.56 Acres Lot
    $475,300 Zestimate®
    $672/sqft
    $-- HOA

    What's special

    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!
    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

        DateEventPrice
        8/6/2026Listed for sale$489,000$672/sqft
        Source: Greater Chattanooga Realtors #1539644 Report a problem

        Public tax history

        YearProperty taxesTax 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 37397

        Getting around

        41 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        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.

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