Price Reduced Listing
$900,000
 $4,831 est/mo Sourced by Back At You

45 Scruggs St,Chattanooga, TN 37403

Chattanooga, TN 37403

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Description

Excellent investment opportunity in the heart of Chattanooga! This 6-unit apartment complex is ideally located less than a mile from Erlanger Hospital, UTC, and Downtown Chattanooga, putting tenants within minutes of some of the city's largest employers, schools, restaurants, entertainment, and amenities. The property consists of six 2-bedroom, 1-bath units, all of which have been freshly updated and are ready for new tenants. Each unit includes a refrigerator, oven, and stove. Five of the six units are currently vacant by design, making the property easy to show and giving the next owner the opportunity to immediately select their own tenants and establish leases at current market rents. Estimated market rents are approximately $1,000-$1,100 per month per unit, offering potential gross rental income of approximately $6,000-$6,600 per month when fully occupied. With updated units, a highly convenient location, and the ability to place new tenants immediately, 45 Scruggs Street could be an excellent fit for a first-time multifamily investor, an experienced investor looking to add to their portfolio, or a 1031 Exchange buyer looking to identify a replacement property before year-end. Turnkey units, strong rental potential, and an outstanding Chattanooga location-all in one property.

Details

MLS #3622471
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site15
Listing Provided ByBenchmark Realty, LLC | Joshua Ellis

Features

SQ Feet5,134
Story(s)1
Units6
ZoningRN-3

Parking

Garage Yes / NoNo

Taxes

Property10916

Area Information

StateTN
CountyHamilton County
CityChattanooga
Zip Code37403
AreaHamilton County | TN
Community NameChandlers
School DistrictHoward School Of Academics Techn
Elementary SchoolOrchard Knob Elementary School
High SchoolHoward School Of Academics Techn
Listing VS Median (in Chandlers)
Price:
$900,000
low | high
Med:
$900,000
50% of Average
sqft:
5,134
low | high
Med:
5,134
50% of Average
$ / sqft:
$175
low | high
Med:
$175
50% of Average
On site:
15
low | high
Med:
15
100% of Average
Sourced by Back At You

Market Activity 37403

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of November 3, 2026 at 1:55:40 PM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateTN
CountyHamilton County
CityChattanooga
Zip Code37403
AreaHamilton County | TN
Community NameChandlers
School DistrictHoward School Of Academics Techn
Elementary SchoolOrchard Knob Elementary School
High SchoolHoward School Of Academics Techn
Listing VS Median (in Chandlers)
Price:
$900,000
low | high
Med:
$900,000
50% of Average
sqft:
5,134
low | high
Med:
5,134
50% of Average
$ / sqft:
$175
low | high
Med:
$175
50% of Average
On site:
15
low | high
Med:
15
100% of Average
Sourced by Back At You
Listing Updated: October 26, 2026 at 12:31:04 PM PDT