203 Flora Cir Chattanooga, TN 37415
Estimated payment $2,141/month
Total Views
23,084
3
Beds
2
Baths
1,716
Sq Ft
$208
Price per Sq Ft
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- No Heating
About This Home
*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.*
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,969
Year Built
- Built in 1956
Lot Details
- Lot Dimensions are 155x195
Parking
- Driveway
Interior Spaces
- 1,716 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Schools
- Red Bank Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
- Septic Tank
Community Details
- No Home Owners Association
- 2 Units
- Sherrill Oakwood Subdivision
Listing and Financial Details
- Assessor Parcel Number 117L K 025
Map
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Home Values in the Area
Average Home Value in this Area
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 | $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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | For Sale | $357,000 | -- | $208 / Sq Ft |
Source: Realtracs
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
Source: Public Records
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Wendy Dixon Keller Williams Realty
Source: Realtracs
MLS Number: 2815414
APN: 117L-K-025
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