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Falling Water Multifamily Home for Sale

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    $635,000

    • 3,112 Sq Ft

    5727 N Morgan Ln, Chattanooga, TN 37415

    Welcome to 5727 North Morgan Lane, Chattanooga, TN—an exceptional investment opportunity offering consistent income potential. This recently renovated property comprises three 2-bedroom units and one 1-bedroom units, totaling 3112 square feet of living space. The entire building and individual units have undergone professional updates and renovations within the past year - see attached documents

    Carmen Klapper Compass Tennessee

    5727 N Morgan Ln, Chattanooga, TN 37415

Why Live in Falling Water

Falling Water in Hixson, TN, offers a diverse living experience with its mix of newer and older homes. The southern part of the neighborhood features recent constructions and subdivisions, while the northern area retains a rural charm closer to the mountains. Homes vary from contemporary builds with a blend of Tudor and Craftsman styles to vintage log cabins, ranch-style homes, and split levels. Outdoor enthusiasts will appreciate the 136-acre nature preserve surrounding Falling Water Falls, a 100-foot waterfall that attracts thousands of hikers annually. Chickamauga Creek nearby is popular for canoeing and hiking, and Hixson Park provides sports fields and a community center with various recreational activities. Vandergriff Park offers playgrounds, picnic areas, and a walking track. The neighborhood is conveniently located near State Route 153 and U.S. Route 27, with downtown Chattanooga just 9 miles south and Chattanooga Metropolitan Airport 15 miles away. While public transportation is not directly available in Falling Water, bus stops are accessible along Hixson Pike and North Point Boulevard. For daily needs, residents can visit the commercial strip off State Route 153, featuring shopping centers like Towne Center North and Oak Park Town Center, and dining options such as Amigo Mexican Restaurant and Home Folks Family Restaurant.

Home Trends in Falling Water, TN

Housing Trends

Median Sale Price
$432,500
Median Single Family Sale Price
$430,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
18
Last 12 months Home Sales
162
Months of Supply
1.30
Median List Price
$465,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
22%
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