1307 Wheeler Avenue, Chattanooga, TN 37406
$205,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
1,607
Lot Size (sq. ft.):
6,750
Status:
Active
Current Price:
$205,000
List Date:
8/10/2026
Last Modified:
9/21/2026
Overview
Description
…
(Read more)
TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT
Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027.
Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave.
The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations.
Individual asking prices total $600,800, or purchase all three for $585,000–a $15,800 portfolio discount.
An attractive opportunity for a buy-and-hold investor seeking occupied properties with established rental income.
Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
1725 Newton $189,900
Listing Details MLS# 1540425
General Property Information
- Bedrooms Total
- 3
- Stories
- Yes
- Rooms Total
- 6
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Above Grade Finished Area
- 1607
- Above Grade Finished Area Source
- Tax Records
- Living Area
- 1607
- Living Area Source
- Tax Records
- Enhanced Accessible
- No
- Year Built
- 1930
- ADU YN
- No
- STVR YN
- No
- New Construction YN
- No
- Builder's Warranty YN
- No
- Home Warranty YN
- No
- Garage YN
- No
- Carport YN
- No
- Lot Size Acres
- 0.155
- Lot Size Square Feet
- 6750
- Lot Size Dimensions
- 50X135
- Association YN
- No
- View YN
- No
- Waterfront YN
- No
- Basement YN
- No
- Fireplace YN
- No
- Senior Community YN
- No
- List Price/SqFt
- 127.57
Property Features
Appliances:
Refrigerator
Architectural Style:
Other
Construction Materials:
Cement Siding; Wood Siding
Cooling:
Central Air
Exterior Features:
Rain Gutters
Foundation Details:
Brick/Mortar
Listing Terms:
Cash; Conventional; FHA
Parking Features:
Driveway
Sewer:
Public Sewer
Utilities:
Cable Connected; Electricity Connected; Sewer Connected
Water Source:
Public
Room Types:
Bathroom; Bedroom; Living Room
Documents:
Lead Based Paint Disclosure; Lead Based Paint Pamphlet; TN Prop Cond Disc or Exempt
Contract Information
- Listing Contract Date
- 2026-08-08
- Auction YN
- No
- Equitable Ownership Interest Listing
- No
- Property Sub Type
- Single Family Residence
- Office Exclusive
- No
Location Tax and Legal
- Street Number
- 1307
- Street Name
- Wheeler
- Street Suffix
- Avenue
- County
- Hamilton
- State
- TN
- Postal Code
- 37406
- Subdivision Name
- Arlington Heights
- MLS Area Major
- Chattanooga
Remarks and Miscellaneous
- Public Remarks
- TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027. Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave. The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations. Individual asking prices total $600,800, or purchase all three for $585,000–a $15,800 portfolio discount. An attractive opportunity for a buy-and-hold investor seeking occupied properties with established rental income. Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions. 1725 Newton $189,900
- Directions
- Wilcox, left on Wheeler
Status Change Information
- Major Change Timestamp
- 2026-08-10T12:54:50Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-08-10
More Information
License Number Info
- Listing Agent’s State of Licensure
- TN
- Listing Agent’s License Number
- 264796
- Listing Office’s State of Licensure
- TN
- Listing Office’s License Number
- 286821
Room Types
- Bathroom Level
- First
- Bedroom Level
- First
- Living Room Level
- First
Room Information
| Room Name | Level |
|---|---|
| Bedroom | First |
| Bedroom | First |
| Bedroom | First |
| Bathroom | First |
| Bathroom | First |
| Living Room | First |
Listing Office:
Best Realty of Chattanooga LLC
Last Updated: September – 21 – 2026
Information deemed reliable but not guaranteed.


Lead Based Paint Disclosure ›