Pending

916 Airport Road

Chattanooga, TN 37421

$1,299,000 $5,476/Mo

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Overview

Bed

Bath

5,040

Sqft

0.60

Acre(Lot)

Description

Brand new 2026 construction six-unit apartment complex located in Chattanooga's high-demand Airport corridor, currently in active lease-up with projected stabilization within 90 days at approximately $120,000 gross annual income. This stabilized-ready asset features a clean, modern aesthetic with architectural shingle roofing, low-maintenance vinyl siding, full concrete parking, and updated interiors with stainless steel appliances in every unit, offering minimal to zero deferred maintenance for years to come. All units are single-level, providing convenient one-level living with strong accessibility appeal. Utilities are separately metered for electric and water, each unit has individual trash can service, and high-speed internet is available, creating efficient operations and meeting mod ern tenant expectations. The parcel appears to be located within a Community Reinvestment Act (CRA) eligible lending area, which may provide favorable financing considerations through participating lenders. The unit mix includes two end units projected at $1,800 per month and four interior units projected at $1,600 per month. Projected NOI is approximately $84,000 based on a conservative 70% expense ratio, reflecting an estimated 6.5% cap rate at current pricing assumptions. Professional property management is in place and overseeing lease-up, allowing a new owner to step into a turnkey investment with minimal operational friction. Located minutes from Chattanooga Metropolitan Airport, I-75 and Highway 153, and surrounded by major retail including Hamilton Place and national brands such as Target, Publix, Chick-fil-A, and Starbucks, along with major employers including Volkswagen Chattanooga Assembly Plant and Amazon. Rare small-format new construction multifamily opportunity in one of Chattanooga's most convenient and growth-oriented corridors. Buyer responsible to verify all information deemed important.

Property Details

Property Type : Residential Income

Price : $1,299,000

AD Id : 75324340

MLS Id : 1528506

Beds : 12

Lot Size : 0.60 Acre

Living Area Size : 5,040

Year Built : 2026

County : Hamilton

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 12

Bathroom Information

Total Baths: 7 Full Baths: 6
Heating & Cooling

Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 2026 Building Area Total: 5040 Private Pool: No

Lot Information

Lot Dimensions: 190X165 Main Square Feet: 0.6 Acres Lot Size Acres: 0.6 Lot Size Square Feet: 26136

Property Information

Subdivision: None Source Property Type: Residential Income MLS Area Minor: Chattanooga Property SubType: Multi Family Property Age: 0

Listing Price Information

Listing Price: $1299000 Cash, Special Funding

Tax Information

Parcel Number: 148p E 013 Annual Tax: $897.46 Tax Legal Desc: Nw 1/4 Sec 16 Twp 2 R-3

Parking Information

Concrete

School Information

Elementary School: Bess T. Shepherd Elementary

Junior High School: Tyner Middle Academy

Senior High School: Tyner Academy
Utility Information

Electricity Available
Location Information

Direction: From I-75, take Exit 5 for Shallowford Road and head west toward Highway 153. Turn right onto Airport Road, and 916 Airport Road will be on your left just before reaching Chattanooga Metropolitan Airport. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
6924 Standifer Gap Road, Chattanooga, TN, 37421	$425,000	4	3	1,889	1,889 SqFt
6625 Vaden Drive, Chattanooga, TN, 37421	$389,000	5	5	3,340	3,340 SqFt

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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 06/19/2026 @ 01:16

MLS: 1528506 LISTED BY: Justin Hood, Horizon Sotheby's International Realty 423-756-9999 SOURCE: Greater Chattanooga REALTORS