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31663710
31663709

1501 Fruitland Dr, Chattanooga, TN 37412 For Sale

RF
TN 285342, GA 261214
KW Commercial
Listed by KW Commercial
$950,000
326 days on market
Updated 4 days ago

East Ridge 5-unit Rental Portfolio Including Office Building

Details
APN 169J H 014
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 6
Occupancy 100%
Broker Co-Op Yes
Class B
Year Built 1975, 1941, 1970, 1940, 1950
Buildings 5
Acreage 1.000
Zoning C-2, R-1, O-1
Sale Condition For sale by owner

Residential Portfolio with Additional Commercial Upside

Marketing description

Rare opportunity to acquire a diversified East Ridge investment portfolio featuring four income-producing residential properties plus a commercial office building.

This offering presents an exceptional opportunity for investors seeking immediate cash flow, value-add upside, and flexible exit strategies in one of Chattanooga’s most accessible and steadily growing submarkets.

The portfolio includes a mix of single-family and duplex residential rental assets strategically located throughout the East Ridge / Chattanooga area, providing diversified residential income and strong long-term rental demand.

A major differentiator of this offering is the included commercial office building, which creates additional flexibility for investors, 1031 exchange buyers, or owner-users seeking multiple disposition options.

This structure allows buyers to:

  • retain the residential income portfolio
  • sell the office building separately
  • owner-occupy the commercial space
  • maximize value through individual asset disposition
  • reposition the office as an additional income-producing asset

Residential assets include:

  • 1501 Fruitland Ave – 1,792 SF – $1,300/month
  • 1503 Fruitland Ave – 960 SF – $750/month
  • 1505 Fruitland Ave – 1,095 SF – $750/month
  • 1507 Fruitland Ave – 1,019 SF – $800/month
  • 1505 Maxwell Rd – 1,188 SF – $1,000/month (recently increased)

Located in East Ridge, the portfolio benefits from excellent proximity to downtown Chattanooga, I-24, Ringgold Road, and major retail corridors, supporting stable tenant demand and long-term appreciation potential.

This is an outstanding opportunity for investors seeking a multi-asset portfolio with built-in flexibility, strong in-place income, and additional commercial upside.

Investment highlights

  • 5-property portfolio
  • single-family + duplex mix
  • commercial office building included
  • multiple exit strategies
  • strong East Ridge rental market
  • close to downtown Chattanooga
  • excellent 1031 exchange opportunity
  • portfolio sell-off / breakup upside
  • diversified income stream

Listing Contacts

RF
TN 285342, GA 261214
KW Commercial
Listed by KW Commercial

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Additional Information

Name
Robert Fisher
License
285342
Brokerage
KW Commercial DBA Keller Williams Realty
Brokerage Phone
4236641900
Title
Real Estate Admin
Brokerage Address
1830 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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