$999,000

1921 Emerson Dr Chattanooga, TN 37408

Southside Neighborhood

Estimated payment $5,611/month

Total Views 4,220
-- Bed
-- Bath
4,352 Sq Ft
$230 Price per Sq Ft

Highlights

  • 0.21 Acre Lot
  • Property is near public transit
  • Efficiency Studio
  • Contemporary Architecture
  • No HOA
  • 5-minute walk to Water Tower Park

About This Home

PRIME INVESTMENT OPPORTUNITY in the Heart of the Southside! Value confirmed by recent appraisal.
LOCATION, LOCATION,LOCATION! This exceptional multi-family investment property sits in the vibrant Southside district—one of Chattanooga's fastest-growing neighborhoods. The property includes four buildings: three duplexes (each featuring a two-room studio) and one standalone unit offering 3 bedrooms and 1 bathroom.
Situated within a federally designated OPPORTUNITY ZONE, this property provides substantial tax advantages for investors. With MIXED-USE COMMERCIAL ZONING, you'll have the flexibility to:
Continue operating as a multi-family rental property
Reposition for higher-yield residential or short-term rentals
Explore creative redevelopment or mixed-use possibilities Flexible zoning permits up to 4 stories of vertical development, and an adjacent parcel is available, enabling larger-scale commercial, mixed-use, or redevelopment projects. Its location near the transformative South Broad District and new Lookouts Stadium development further enhances long-term value and demand.
Positioned in an Opportunity Zone with redevelopment upside, this property offers a compelling blend of current utility, tax-advantaged investment potential, and strategic growth positioning. Whether you're seeking steady cash flow or looking for a dynamic development project, this Southside property delivers exceptional potential in one of Chattanooga's most desirable investment corridors
ADJACENT PROPERTY ALSO AVAILABLE FOR SALE..

Listing Agent

Diana Davies

Real Estate Partners Chattanooga LLC License #356940 Listed on: 11/08/2025

Real Estate Partners Chattanooga LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1910

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 61x140
  • Property fronts an alley
  • Level Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Fixer Upper
  • Mixed Use
  • Brick Veneer
  • Slab Foundation
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,352 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Aluminum Window Frames
  • Living Room
  • Efficiency Studio
  • Security Lights

Kitchen

  • Electric Oven
  • Stove

Flooring

  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Parking

  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Accessible Kitchen
  • Accessible Hallway
  • Accessible Closets
  • Enhanced Accessible Features
  • Accessible Doors
  • Accessible Approach with Ramp
  • Accessible Entrance

Schools

  • Battle Academy Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Window Unit Cooling System
  • Cable TV Available

Additional Features

  • Front Porch
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 145m A 011

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Restaurant
  • No Laundry Facilities

Building Details

  • Electric Expense $500
  • Operating Expense $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,523

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Lot Size: 61X140
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Directions: From the corner of E. Main Street and Market Street: Turn left on Market Street. Turn right on 19th Street. Turn left on Emerson Drive. Destination is on your right.
  • Above Grade Finished Sq Ft: 4352.0
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 4352.0
  • New Construction: No
  • Structure Type: Duplex, Free Standing Building, Mixed Use, Multi Family
  • Year Built: 1910
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 145m A 011
  • Location Tax and Legal Elementary School: Battle Academy
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 4523.2
  • General Property Information Above Grade Finished Area: 4352.0
  • General Property Information Enhanced Accessible2: Yes
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.21
  • General Property Information Lot Size Square Feet2: 9147.6
  • General Property Information Lot Size Dimensions: 61X140
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Spa YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: PRIME INVESTMENT OPPORTUNITY in the Heart of the Southside! Value confirmed by recent appraisal. LOCATION, LOCATION,LOCATION! This exceptional multi-family investment property sits in the vibrant Southside district—one of Chattanooga's fastest-growing neighborhoods. The property includes four buildings: three duplexes (each featuring a two-room studio) and one standalone unit offering 3 bedrooms and 1 bathroom. Situated within a federally designated OPPORTUNITY ZONE, this property provides substantial tax advantages for investors. With MIXED-USE COMMERCIAL ZONING, you'll have the flexibility to: Continue operating as a multi-family rental property Reposition for higher-yield residential or short-term rentals Explore creative redevelopment or mixed-use possibilities Flexible zoning permits up to 4 stories of vertical development, and an adjacent parcel is available, enabling larger-scale commercial, mixed-use, or redevelopment projects. Its location near the transformative South Broad District and new Lookouts Stadium development further enhances long-term value and demand. Positioned in an Opportunity Zone with redevelopment upside, this property offers a compelling blend of current utility, tax-advantaged investment potential, and strategic growth positioning. Whether you're seeking steady cash flow or looking for a dynamic development project, this Southside property delivers exceptional potential in one of Chattanooga's most desirable investment corridors ADJACENT PROPERTY ALSO AVAILABLE FOR SALE..
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Foundation Details Slab: Yes
  • Flooring:Tile: Yes
  • Interior Features Tub Shower Combo: Yes
  • Location Tax and Legal Middle or Junior School: Orchard Knob Middle
  • Sewer:Public Sewer: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Levels:One: Yes
  • Architectural Style:Contemporary: Yes
  • Cooling:Window Unit(s): Yes
  • Flooring:Linoleum: Yes
  • Structure Type Multi Family: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Property Condition:Fixer: Yes
  • Road Surface Type Gravel2: Yes
  • Flooring:Ceramic Tile: Yes
  • General Property Information Green Features YN2: No
  • Security Features:Security Lights: Yes
  • Structure Type Mixed Use2: Yes
  • General Property Information Number Of Units Total2: 7.0
  • Unit 1 Furnished3: Unfurnished
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: No
  • Unit 1 Washer Dryer Hookups: No
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: No
  • Unit 2 Efficiency2: Yes
  • Unit 2 Furnished4: Unfurnished
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: No
  • Unit 2 Microwave7: No
  • Unit 3 Efficiency3: Yes
  • Unit 3 Furnished5: Unfurnished
  • Unit 3 Den5: No
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: No
  • Unit 3 Microwave8: No
  • Unit 3 Washer Dryer Hookups3: No
  • Unit 4 Washer Dryer Hookups4: No
  • Unit 4 Microwave9: No
  • Unit 4 Efficiency4: Yes
  • Unit 4 Furnished6: Unfurnished
  • Unit 4 Den6: No
  • Unit 4 Living Room6: Yes
  • Unit 4 Separate Dining4: No
  • Laundry Features None15: Yes
  • Road Frontage Type:Alley: Yes
  • Accessibility Features:Accessible Hallway(s): Yes
  • Structure Type Duplex: Yes
  • Unit 5 Efficiency5: No
  • Unit 5 Furnished7: Unfurnished
  • Unit 5 Den7: No
  • Unit 5 Living Room7: Yes
  • Unit 5 Separate Dining5: No
  • Unit 5 Microwave10: No
  • Unit 5 Washer Dryer Hookups5: No
  • Unit 6 Efficiency6: Yes
  • Unit 6 Furnished8: Unfurnished
  • Unit 6 Den8: No
  • Unit 6 Living Room8: Yes
  • Unit 6 Separate Dining6: No
  • Unit 6 Microwave11: No
  • Unit 6 Stove6: Yes
  • Unit 6 Washer Dryer Hookups6: No
  • Unit 7 Efficiency7: Yes
  • Unit 7 Furnished9: Unfurnished
  • Unit 7 Den9: No
  • Unit 7 Living Room9: Yes
  • Unit 7 Separate Dining7: No
  • Unit 7 Microwave12: No
  • Unit 7 Stove7: Yes
  • Unit 7 Washer Dryer Hookups7: No
  • Income And Expenses Operating Expense: 400.0
  • Special Features: None

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Appliances: Refrigerator, Electric Oven
  • Accessibility Features: Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen
  • Basement YN: No
  • Fireplace: No
  • Flooring: Ceramic Tile, Linoleum, Tile
  • Interior Amenities: Plumbed, Tub/shower Combo, Walk-In Closet(s)
  • Window Features: Aluminum Frames, Double Pane Windows
  • Community Features:Sidewalks: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Oven: Yes
  • Community Features:Street Lights: Yes
  • Community Features:Restaurant: Yes

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Gentle Sloping, Level, Near Public Transit
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick Veneer, Concrete, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Front Porch, Porch
  • Property Condition: Fixer
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: Yes
  • Window Features:Aluminum Frames: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Brick Veneer: Yes
  • Accessibility Features:Accessible Central Living Area: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Accessibility Features:Accessible Full Bath: Yes
  • Accessibility Features:Accessible Approach with Ramp: Yes
  • Accessibility Features:Accessible Door(s): Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Near Public Transit: Yes
  • Window Features:Double Pane Windows: Yes
  • Construction Materials:Stucco: Yes
  • Accessibility Features:Accessible Bedroom: Yes
  • Accessibility Features:Accessible Closets: Yes
  • Accessibility Features:Accessible Entrance: Yes
  • Accessibility Features:Accessible Kitchen: Yes
  • Construction Materials:Concrete: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Off Street, Unpaved
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Unpaved: Yes

Utilities

  • Laundry Features: None
  • Security: Security Lights
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Restaurant, Sidewalks, Street Lights
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Battle Academy
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: Orchard Knob Middle

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 145m A 011

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 500.0
  • Annual Operating Expense: 400.0

Tax Info

  • Tax Annual Amount: 4523.2

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,255 $100,800 $0 $0
2023 $2,255 $100,800 $0 $0
2022 $2,255 $100,800 $0 $0
2021 $2,255 $100,800 $0 $0
2020 $1,991 $72,000 $0 $0
2019 $1,991 $72,000 $0 $0
2018 $1,766 $72,000 $0 $0
2017 $1,991 $72,000 $0 $0
2016 $1,460 $0 $0 $0
2015 $2,794 $52,800 $0 $0
2014 $2,794 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2025 11/08/25 For Sale $999,000 -- $230 / Sq Ft
Source: Greater Chattanooga REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,000 Choice Title Company Inc
Warranty Deed $293,270 Professional Land Title Agen
Warranty Deed $50,000 Liberty Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $122,151 Unknown
Previous Owner $37,500 Unknown
Source: Public Records

Source: Greater Chattanooga REALTORS®

MLS Number: 1523700

Greater Chattanooga REALTORS®

APN: 145M-A-011

Tennessee Hamilton County Chattanooga 37408 Southside

1921 Emerson Dr, Chattanooga, TN

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Diana Davies
Section Image
Real Estate Partners Chattanooga LLC
(423) 607-8919