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

Highlights:

• 4-Property Chattanooga Portfolio – 2 townhomes + 2 single-family residences
• Addresses: 1682 & 1686 S Watkins St (Townhomes) | 7041 & 7045 Maplewood Ln (SFRs)
• Mill Town / Southside Location – walkable urban infill near Downtown, UTC, Erlanger, I-24/I-75, breweries & dining
• Lookout Valley Location – approx. 10 minutes to Downtown, minutes to I-24 & Black Creek Golf Club
• Income Diversification – 1 fully furnished STR, 3 LTRs
• Strong In-Place Income – approx. $113,450 current annual gross rents
• High-Performing STR – approx. $56,500 annual gross income (7041 Maplewood)
• NOI: approx. $70,300 → ~7.0% stabilized cap rate
• Recent Capital Improvements – new roofs, HVAC, plumbing & systems on Maplewood homes
• Investor-Friendly Profile – minimal deferred capex, mixed-use strategy, strong growth submarkets

Description:

4-Property Chattanooga Investment Portfolio | Townhomes + SFR | STR Income
***Owner is open to selling the properties individually as well. The two SFHs are on the same parcel 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 income, strong in-place cash flow, and clear upside.

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

1686 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
2 bed 3 bath, 1,306 SF

7041 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence | Short-Term Rental (Fully Furnished)
2 bed 1 bath, 1,464 SF

7045 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental) - on a month to month lease
3 bed 2 bath, 1,676 SF

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 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. One home operates as a high-performing, fully furnished short-term rental (furnishings from the 7045 Maplewood photos are currently in storage and can be sold with the property as an option), while the other is a stabilized long-term rental.

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
STR furnishings included with 7041 Maplewood

Financial Highlights
Current Annual Gross Income: ~$113,450
STR Gross Income (7041 Maplewood): ~$56,500 annually
Current NOI: ~$70,300
Cap Rate: ~7.0%

This portfolio offers immediate income, recent system upgrades, and a clear path to stabilization in two of Chattanooga’s most desirable growth corridors.

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).

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