4 Properties: 1682 and 1686 S Watkins St and 7041 and 7045 Maplewood Ln

Highlights:

• 5,603 SF total
• 4 units (2 townhomes and 2 SFHs)
• Fully rehabbed homes and newer construction townhomes built in 2023
• Estimated Annual Gross Income: ~$76,150
• Located in Chattanooga
• 100% occupancy

Description:

4-Property Chattanooga Investment Portfolio | Townhomes + SFR | Stabilized Rental Income

Owner is open to selling the properties individually as well. The two SFHs are on separate parcels but share the same septic system and would need to be sold together. Offered as a single portfolio, this 4-property investment opportunity combines new-construction townhomes in Chattanooga’s thriving Mill Town / Southside area with two upgraded single-family residences in Lookout Valley, delivering diversified rental income, strong in-place cash flow, and long-term appreciation potential.

Portfolio Breakdown

1682 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
Lease signed to start 3/1/2026
3 bed | 2.5 bath | 1,157 SF
Current rent: $1,600/mo

1686 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
2 bed | 3 bath | 1,306 SF
Current rent: $1,800/mo

7041 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Estimated Rent: $1,600/month
2 bed | 1 bath | 1,464 SF

7045 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Month-to-month lease
Current rent: $2,000/mo
3 bed | 2 bath | 1,676 SF

Estimated total rent: $7,000/mo
Estimated annual total rent: $84,000
Estimated NOI: $58,800
Cap Rate: 6%

The S Watkins Street townhomes are located in and adjacent to Mill Town, a modern urban infill neighborhood on Chattanooga’s Southside known for new construction, walkability, and close proximity to Downtown Chattanooga, UTC, Erlanger Hospital, I-24/I-75, breweries, dining, and major employment centers.
The Maplewood Lane properties sit in Lookout Valley, approximately 10 minutes from Downtown Chattanooga, with convenient access to I-24, Ruby Falls, Rock City, Point Park, and Black Creek Golf Club. Both homes operate as long-term rentals, providing stable income and reduced operational complexity compared to short-term rental management.

Major Capital Improvements (Maplewood Properties – 2021)
New roofs and gutters
New HVAC systems (heat pumps)
New water heaters
Encapsulated crawlspaces
New septic systems and water lines
Updated appliances
Financial Highlights (Long-Term Rental Scenario)

This portfolio offers stable rental income, significant recent capital improvements, and exposure to two of Chattanooga’s strongest growth corridors, making it an attractive opportunity for investors seeking long-term appreciation and dependable cash flow.

1682 S Watkins Street, Chattanooga, TN 37404
Located in Chattanooga’s Southside/Mill Town area, this new-construction townhome sits minutes from Downtown Chattanooga, UTC, and the I-24/I-75 interchange, providing strong commuter access. The area is walkable to local breweries, restaurants, and redevelopment projects along Main Street. Nearby schools include East Side Elementary (1000 E 3rd St), Orchard Knob Middle (1305 Roanoke Ave), and Howard School of Academics & Technology (2500 S Market St).

1686 S Watkins Street, Chattanooga, TN 37404
Directly adjacent to 1682 S Watkins, this property benefits from the same Southside urban infill location, with quick access to Erlanger Hospital, downtown employment centers, and arts and entertainment venues. Freeway access via I-24 is within minutes. Zoned within the same school district: East Side Elementary, Orchard Knob Middle, and Howard School of Academics & Technology.

7041 Maplewood Lane, Chattanooga, TN 37419
Situated in Lookout Valley, this home is approximately 10 minutes from downtown Chattanooga and minutes from I-24, offering easy access to both Chattanooga and North Georgia. The property is near Black Creek Golf Club, hiking trails, and outdoor recreation. Zoned schools include Lookout Valley Elementary (325 Browns Ferry Rd), Lookout Valley Middle High School (350 Lookout High St).

7045 Maplewood Lane, Chattanooga, TN 37419
Next door to 7041 Maplewood, this property shares the same quiet residential Lookout Valley setting with strong commuter convenience. The area appeals to both long-term tenants and short-term guests seeking proximity to downtown while enjoying a suburban, nature-oriented environment. Zoned to Lookout Valley Middle High School (350 Lookout High St).

---

Report Listing This listing was syndicated through: