Estimated payment $2,139/month
*Two Homes on One Lot in the Heart of Red Bank*
Investor Opportunity - Please Do Not Disturb Tenants
Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house).
The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones.
Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal.
Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential.
With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank.
Don't miss out on this exceptional investment opportunity.
*Information is deemed reliable but buyer is responsible for due diligence.*
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Bedrooms and Bathrooms
Schools
Utilities
Community Details
Listing and Financial Details
| 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 | $977 | $43,675 | $0 | $0 |
| 2023 | $1,777 | $43,675 | $0 | $0 |
| 2022 | $1,498 | $43,675 | $0 | $0 |
| 2021 | $1,690 | $43,675 | $0 | $0 |
| 2020 | $1,743 | $36,450 | $0 | $0 |
| 2019 | $1,743 | $36,450 | $0 | $0 |
| 2018 | $1,743 | $36,450 | $0 | $0 |
| 2017 | $1,667 | $36,450 | $0 | $0 |
| 2016 | $1,451 | $0 | $0 | $0 |
| 2015 | $1,451 | $29,725 | $0 | $0 |
| 2014 | $1,451 | $0 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | For Sale | $357,000 | -- | $208 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
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Source: Greater Chattanooga REALTORS®
MLS Number: 1510659
APN: 117L-K-025
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