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Investment opportunity in Red Bank featuring five well-maintained duplexes with 10 fully occupied units, plus two adjacent vacant lots offering future development potential. Listed under 123 Yother Lane, the portfolio includes multiple properties and addresses being offered together. Nine of the 10 units are currently month-to-month, giving a new owner flexibility to gradually increase rents and make updates as units turn over. Utilities are separately metered and paid by tenants, and the properties have been well maintained, with many featuring brick construction. The two vacant lots are located alongside the existing duplexes and are currently zoned RN-2, offering potential for additional residential development subject to buyer verification. Conveniently located near Downtown Chattanooga, Hixson shopping and dining, and major roadways, this portfolio combines immediate income with opportunities for rental growth and future expansion. Seller prefers to sell the five duplexes together but may consider selling the vacant lots separately. Unit 113/115- Roof 2023 Unit 115 - new dishwasher & fridge 2025 Unit 119 - remodel 2/26 Unit 121 - HVAC 10/25, Dishwasher 12/24, stove and microwave vent hood 1/23 Unit 123 - Stove and dishwasher 10/22 Unit 130 - Garage Door 2/26, Roof 2023 for whole building, new appliances 1/23 Unit 132 - Garage door 2/26
Property Type(s):
Multi Family
| Last Updated | 9/21/2026 | Tract | Yother Estates |
|---|---|---|---|
| Year Built | 1988 | Community | Chattanooga |
| County | Hamilton |
SCHOOLS
| Elementary School | Hixson Elementary |
|---|---|
| Jr. High School | Red Bank Middle |
| High School | Red Bank High School |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Chattanooga |
| CONSTRUCTION | Brick, Other |
| EXTERIOR | Rain Gutters |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 2.02 acre(s) |
| LOT DESCRIPTION | Gentle Sloping, Level |
| LOT DIMENSIONS | 66.55X149.99 |
| PARKING | Concrete, Driveway, Garage |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Duplex |
| SUBDIVISION | Yother Estates |
| TAXES | 3175.56 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Available, Underground Utilities |
| WATER | Public |
Location
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Listing Courtesy of Real Estate Partners Chattanooga LLC
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This site was last updated on 9/22/26 4:47 AM PDT
Copyright© 2002 by Chattanooga Association of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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