PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDE
Fantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns.
Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort—ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates.
The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements.
Located in an area with strong rental demand, this duplex checks all the boxes for a smart investment: brick construction, single-level layout, flexible leasing options, and income growth potential.
Seller is ready to make a deal—don't miss this opportunity to add a high-upside property to your portfolio.
Sold for $295,000
$295,000
4061 Teakwood Dr, Chattanooga, TN 37416
4beds
1,920sqft
Duplex
Built in 1969
-- sqft lot
$296,700 Zestimate®
$154/sqft
$1,535 Estimated rent
Home value
$296,700
$282,000 - $312,000
$1,535/mo
Zestimate® history
Owner options
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$1,742/mo
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$1,742/mo
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Zillow last checked:
Listing updated:
Listed by:
Drew Carey 423-618-3739,
EXP Realty, LLC
Bought with:
Kimberly Day, 334044
Property 41 Realty, LLC
Source: Greater Chattanooga Realtors,MLS#: 1525188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central, Electric, Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Electric Oven, Free-Standing Electric Range, Free-Standing Range, Microwave, Oven, Refrigerator, Washer/Dryer
- Laundry: Main Level, In Unit
Features
- Tub/shower Combo, Laminate Counters, Open Floorplan, Primary Downstairs
- Flooring: Carpet, Luxury Vinyl
- Windows: Vinyl Frames
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
- Finished area above ground: 1,920
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: One
- Patio & porch: Patio
- Exterior features: Private Yard, Rain Gutters
- Has spa: Yes
Lot
- Size: 0.25 Acres
- Features: Back Yard, Level, Private, Rectangular Lot
Details
- Parcel number: 120o H 014
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex
Materials
- Brick, None
- Foundation: Slab
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & HOA
Community
- Subdivision: Harbor Place
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $268,800
- Annual tax amount: $2,423
- Date on market: 3/2/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: N/A
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $295,000-8.4%$154/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 3/26/2026 | Pending sale | $322,000$168/sqft |
Source:  RCAR #20261303 Report a problem | ||
| 3/26/2026 | Contingent | $322,000$168/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 3/2/2026 | Listed for sale | $322,000$168/sqft |
Source: eXp Realty #1525188 Report a problem | ||
| 1/29/2026 | Contingent | $322,000$168/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 1/29/2026 | Pending sale | $322,000$168/sqft |
Source: eXp Realty #1525188 Report a problem | ||
| 1/17/2026 | Price change | $322,000-3%$168/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 1/8/2026 | Price change | $332,000-1.5%$173/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 12/18/2025 | Listed for sale | $337,000+29.6%$176/sqft |
Source: Greater Chattanooga Realtors #1525188 Report a problem | ||
| 1/23/2023 | Sold | $260,000+85.7%$135/sqft |
Source: Public Record Report a problem | ||
| 3/10/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/9/2022 | Listed for rent | $1,200$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/8/2020 | Sold | $140,000$73/sqft |
Source: Public Record Report a problem | ||
| 9/4/2020 | Pending sale | $140,000$73/sqft |
Source: Fletcher Bright Realty #1323503 Report a problem | ||
| 9/3/2020 | Price change | $140,000+3.7%$73/sqft |
Source: Fletcher Bright Realty #1323503 Report a problem | ||
| 8/28/2020 | Listed for sale | $134,990+50%$70/sqft |
Source: Fletcher Bright Realty #1323503 Report a problem | ||
| 11/20/2019 | Sold | $90,000-9%$47/sqft |
Source: Public Record Report a problem | ||
| 4/9/2015 | Listing removed | $98,900$52/sqft |
Source: Crye-Leike #1189876 Report a problem | ||
| 2/26/2015 | Listed for sale | $98,900+23.6%$52/sqft |
Source: Crye-Leike #1189876 Report a problem | ||
| 7/3/2006 | Sold | $80,000$42/sqft |
Source: Public Record Report a problem | ||
| 8/24/2005 | Sold | $80,000-8.9%$42/sqft |
Source: Public Record Report a problem | ||
| 5/19/2005 | Sold | $87,772-3.5%$46/sqft |
Source: Public Record Report a problem | ||
| 5/6/2004 | Sold | $91,000$47/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,630 +34.9% | $107,520 +99.1% |
| 2024 | $1,208 | $54,000 |
| 2023 | $1,208 | $54,000 |
| 2022 | $1,208 | $54,000 |
| 2021 | $1,208 +26.9% | $54,000 +56.8% |
| 2020 | $952 | $34,440 |
| 2019 | $952 | $34,440 |
| 2018 | $952 -48.9% | $34,440 |
| 2017 | $1,863 +0% | $34,440 |
| 2016 | $1,863 | -- |
| 2015 | $1,863 | $34,440 |
| 2014 | $1,863 +64.9% | -- |
| 2013 | $1,129 | $34,440 -15.7% |
| 2012 | $1,129 -1.5% | $40,840 -1.5% |
| 2011 | $1,147 | $41,480 |
| 2010 | $1,147 | $41,480 |
| 2009 | $1,147 | $41,480 +30.8% |
| 2008 | -- | $31,720 |
| 2007 | -- | $31,720 |
| 2006 | -- | $31,720 |
| 2005 | -- | $31,720 +3.3% |
| 2004 | -- | $30,720 +60% |
| 2003 | -- | $19,200 |
| 2002 | -- | $19,200 |
| 2001 | -- | $19,200 -11.5% |
| 2000 | -- | $21,700 |
Find assessor info on the county website
Neighborhood: 37416
Nearby homes
- $--2 bd1 ba960 sqft4061 Teakwood Dr #A, Chattanooga, TN 37416Off Market
- $274,900-- bd2 ba1.9k sqft4069 Teakwood Dr, Chattanooga, TN 37416Off Market
- $295,4002 bd1 ba770 sqft4055 Teakwood Dr #4055, Chattanooga, TN 37416Off Market
- $220,5002 bd1 ba1k sqft4064 Arbor Place Ln, Chattanooga, TN 37416Off Market
- $--2 bd1 ba960 sqft4071 Teakwood Dr, Chattanooga, TN 37416Off Market
- $263,0002 bd1 ba770 sqft4053 Teakwood Dr, Chattanooga, TN 37416Sold
- $--2 bd1 ba-- sqft4053 Teakwood Dr #4053, Chattanooga, TN 37416Off Market
- $253,9002 bd1 ba-- sqft4066 Arbor Place Ln, Chattanooga, TN 37416Off Market
Nearby schools
GreatSchools rating
- 2/10Harrison Elementary SchoolGrades: PK-5Distance: 2.7 mi
- 5/10Brown Middle SchoolGrades: 6-8Distance: 2.8 mi
- 3/10Central High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Harrison Elementary
- Middle: Brown Middle
- High: Central 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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Estimated market value
$296,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$296,700
- Tennessee
- Hamilton County
- Chattanooga
- 37416
- 4061 Teakwood Dr
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