*Two Homes on One Lot in the Heart of Red Bank*
Investor Opportunity - Please Do Not Disturb Tenants
Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house).
The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones.
Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal.
Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential.
With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank.
Don't miss out on this exceptional investment opportunity.
*Information is deemed reliable but buyer is responsible for due diligence.*
For sale
$357,000
203 Flora Cir, Chattanooga, TN 37415
3beds
1,716sqft
Est.:
Single Family Residence
Built in 1956
0.67 Acres Lot
$345,500 Zestimate®
$208/sqft
$-- HOA
What's special
- 17 days
- on Zillow |
- 646 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: April 11, 2025 at 11:51am
Listed by:
Carter Roberson 423-417-0262,
RE/MAX Renaissance Realtors 423-756-5700
Source: Greater Chattanooga Realtors,MLS#: 1510659
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Window Unit(s)
Features
- Has basement: Yes
- Has fireplace: Yes
Interior area
- Total structure area: 1,716
- Total interior livable area: 1,716 sqft
- Finished area above ground: 1,716
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Garage
- Attached garage spaces: 1
Features
- Exterior features: Private Yard
- Has view: Yes
Lot
- Size: 0.67 Acres
- Dimensions: 192 x 189 x 174 x 143
Details
- Parcel number: 117l K 025
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Connected
Community & HOA
Community
- Subdivision: Sherrill Oakwood
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $174,700
- Annual tax amount: $1,968
- Date on market: 4/9/2025
- Listing terms: Cash,Conventional
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