1307 Wheeler Avenue, Chattanooga, TN 37406 (MLS# 1540425)

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

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. …

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.