1307 Wheeler Avenue
Chattanooga, TN 37406
3
Bed
2
Bath
1,607Sqft
0.16Acre(Lot)
TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027. Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave. The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations. Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount. An attractive opportunity for a buy-and-hold investor see
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 6 -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1930 Building Area Total: 1607 Construction Materials: Cement Siding, Wood Siding Stories: 1 Private Pool: No -
Exterior Features
Exterior Features: Rain Gutters
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Lot Information
Lot Dimensions: 50X135 Main Square Feet: 0.16 Acres Lot Size Acres: 0.16 Lot Size Square Feet: 6750Property Information
Subdivision: Arlington Heights Source Property Type: Residential MLS Area Minor: Chattanooga Property SubType: Single Family Residence Property Age: 96
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Listing Price Information
Listing Price: $205000 Cash, Conventional, FHA
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Tax Information
Parcel Number: 136m L 011 Annual Tax: $722.74 Tax Legal Desc: Lot 14 Blk 3 Arlington Hgts Addn Pb 5 Pg 21
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Parking Information
Driveway
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School Information
Elementary School: Hardy ElementaryJunior High School: Orchard Knob MiddleSenior High School: Brainerd High -
Utility Information
Cable Connected, Electricity Connected, Sewer Connected -
Location Information
Direction: Wilcox, left on Wheeler WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4421 Kayla Circle, Chattanooga, TN, 37406 | $284,900 | 3 | 2 | 1,640 | 0.23 Acre |
| 2427 Leann Cir, Chattanooga, TN, 37406 | $275,000 | 3 | 2 | 1,156 | 0.31 Acre |
| 3805 Rollingwood Drive, Chattanooga, TN, 37406 | $339,900 | 3 | 3 | 2,862 | 0.25 Acre |
| 3805 Rollingwood Drive, Chattanooga, TN, 37406 | $339,900 | 3 | 3 | 2,862 | 0.25 Acre |
| 3701 Juandale Drive, Chattanooga, TN, 37406 | $264,900 | 4 | 2 | 1,754 | 0.27 Acre |
| 3637 Garner Road, Chattanooga, TN, 37406 | $525,000 | 3 | 1 | 1,520 | 17.94 Acres |
| 3643 Garner Road, Chattanooga, TN, 37406 | $299,900 | 2 | 1 | 1,496 | 0.52 Acre |
| 3643 Garner Road, Chattanooga, TN, 37406 | $299,900 | 2 | 1 | 1,496 | 0.52 Acre |
| 1749 Dogwood Drive, Chattanooga, TN, 37406 | $349,900 | 4 | 4 | 1,600 | 0.16 Acre |
| 3889 Bonny Oaks Drive, Chattanooga, TN, 37406 | $295,000 | 4 | 2 | 1,904 | 0.29 Acre |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Chattanooga Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Information deemed reliable but not guaranteed. ByOwner does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Copyright © 2026 Greater Chattanooga Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 09/27/2026 @ 11:16
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