$369,000
$20K PRICE DROP

2601 W Valley Rd Dunlap, TN 37327

Dunlap Area

Estimated payment $2,207/month

Total Views 5,079
9 Beds
5 Baths
6,227 Sq Ft
$59 Price per Sq Ft

Highlights

  • Deck
  • Covered Patio or Porch
  • Eat-In Kitchen
  • No HOA
  • Formal Dining Room
  • Living Room

About This Home

Attention investors: Opportunities like this don't come often in Dunlap. This 3-unit property features three oversized 3BR/1BA units totaling 6,227 SF on a paved 1-acre lot. One unit currently leased with two vacant units ready for immediate lease-up. Large 3-bedroom layouts are in strong demand, creating strong cash-flow potential once stabilized. Ideal for BRRRR, 1031 exchange, or buy-and-hold investors looking to increase NOI and build equity. With limited multifamily inventory in the area, this is a strategic addition to any rental portfolio.

Listing Agent

Jerry Kriss McGowan

Heartland Realty & Auction, In License #TN360744 Listed on: 12/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,050

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 237x231x178x126
  • Property fronts a county road
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 6,227 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Living Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Parking Accessed On Kitchen Level
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Griffith Elementary School
  • Sequatchie Middle School
  • Sequatchie High School

Mobile Home

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 063 053.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,050

Year Built

Built in 1955 | Remodeled

Lot Details

1 Acres

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Lot Size: 237X231X178X126
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Dunlap take Highway 28 south 1.91 miles. Turn Right onto Daus Community Center Road. then turn right onto W. Valley Road. Property is on the Left. Sign on Property
  • Above Grade Finished Sq Ft: 6227.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 6227.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1955
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 063 053.00
  • Location Tax and Legal Elementary School: Griffith Elementary School
  • Location Tax and Legal High School: Sequatchie High
  • Location Tax and Legal:Tax Annual Amount: 2050.38
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 6227.0
  • General Property Information Enhanced Accessible2: No
  • 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: 1.0
  • General Property Information Lot Size Square Feet2: 43560.0
  • General Property Information Lot Size Dimensions: 237X231X178X126
  • 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: Attention investors: Opportunities like this don't come often in Dunlap. This 3-unit property features three oversized 3BR/1BA units totaling 6,227 SF on a paved 1-acre lot. One unit currently leased with two vacant units ready for immediate lease-up. Large 3-bedroom layouts are in strong demand, creating strong cash-flow potential once stabilized. Ideal for BRRRR, 1031 exchange, or buy-and-hold investors looking to increase NOI and build equity. With limited multifamily inventory in the area, this is a strategic addition to any rental portfolio.
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Sequatchie Middle
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Levels:One: Yes
  • Utilities:Water Available: Yes
  • Laundry Features Laundry Room: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • Road Frontage Type County Road: Yes
  • General Property Information Green Features YN2: No
  • Water Source:Well: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Unit 1 Furnished3: Negotiable
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Efficiency2: No
  • Unit 2 Furnished4: Negotiable
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: Yes
  • Unit 2 Microwave7: Yes
  • Unit 3 Efficiency3: No
  • 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: Yes
  • Other Structures Mobile Home: Yes
  • General Property Information:ManufacturedMobile Allowed YN2: No
  • General Property Information: ADU YN: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Basement YN: No
  • Total Bedrooms: 9
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Pantry, Plumbed
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Pantry: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Foundation Details: Slab
  • Other Structures: Mobile Home
  • Patio And Porch Features: Covered, Deck
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Covered: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Kitchen Level, Parking Lot
  • General Property Information:Garage YN: No
  • Parking Features:Asphalt: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Available, Water Connected
  • Water Source: Well
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Griffith Elementary School
  • High School: Sequatchie High
  • Middle Or Junior School: Sequatchie Middle

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Additional Parcels: No
  • Parcel #: 063 053.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 28800.0

Tax Info

  • Tax Annual Amount: 2050.38

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,036 $110,880 $6,720 $104,160
2024 $2,050 $111,640 $7,480 $104,160
2023 $2,050 $111,640 $7,480 $104,160
2022 $1,934 $79,200 $5,080 $74,120
2021 $1,934 $79,200 $5,080 $74,120
2020 $1,934 $79,200 $5,080 $74,120
2019 $1,934 $79,200 $5,080 $74,120
2018 $498 $20,375 $3,175 $17,200
2017 $498 $20,375 $3,175 $17,200
2016 $512 $19,925 $3,050 $16,875
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2026 03/10/26 Price Changed $369,000 -2.6% $59 / Sq Ft
02/12/2026 02/12/26 Price Changed $379,000 -2.6% $61 / Sq Ft
12/12/2025 12/12/25 For Sale $389,000 +14.4% $62 / Sq Ft
02/15/2024 02/15/24 Sold $340,000 -11.2% $55 / Sq Ft View Prior Sale
11/29/2023 11/29/23 Off Market $383,000 -- --
08/31/2023 08/31/23 For Sale $383,000 -- $62 / Sq Ft
Source: Greater Chattanooga REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $340,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $272,000 New Conventional
Previous Owner $150,000 No Value Available
Previous Owner $80,000 No Value Available
Source: Public Records

Source: Greater Chattanooga REALTORS®

MLS Number: 1525179

Greater Chattanooga REALTORS®
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