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John Loveless
Affiliate Broker
REALTOR®, ABR, SFR, ePro
(423) 506-8614
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4061 Teakwood Drive, Chattanooga, TN 37416

$322,000
  • 4061 Teakwood Drive, Chattanooga, TN 37416 Main Photo

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Pending
BEDS0 BATHS2 full SQUARE FEET1,920 MLS#20261303
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHarbor Place

Property Description

PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDE Fantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns. Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort--ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates. The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements. Located in an area with strong rental demand, this duplex checks all the boxes for a smart investment: brick construction, single-level layout, flexible leasing options, and income growth potential. Seller is ready to make a deal--don't miss this opportunity to add a high-upside property to your portfolio.

4061 Teakwood Drive | MLS# 20261303

This multi-family property located at 4061 Teakwood Drive, Chattanooga, TN 37416 is currently listed for sale with an asking price of $322,000. Search Chattanooga real estate on www.johnloveless.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air
Heating: Central, Electric
Home Style: Ranch
Roof Type: Other
Taxes: $2,423
Year Built: 1969

Feature Descriptions

Appliances: Washer, Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator
Community Features: Other
Days on Site: 34
Exterior: Rain Gutters
Exterior: Brick, None
Flooring: Carpet, Luxury Vinyl
Interior: Primary Downstairs, Open Floorplan, Laminate Counters
Laundry: Main Level
Lot: Level
Parcel Number: 120o H 014
Parking: Driveway, Off Street
Sewer: Public Sewer
Units: 2
Utilities: Water Connected, Water Available, Sewer Connected, Sewer Available, Phone Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected
Water: Public

Local Schools

High School: Central High
Middle School: Brown
Elementary School: Harrison Elem.

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC

Shown By

Agent Name: John Loveless
Agent Phone: (423) 506-8614
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: RCAR MLS

Estimate Your Payment

Estimated Payment

$ 1,012.47 per month $716.63 Principal & Interest $201.92 Property Tax $93.92 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. 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. Listing(s) information is provided 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. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 4:59:31 AM EST) or CARMLS (last updated Sat 04/18/2026 3:35:19 AM EST) or RCAR MLS (last updated Sat 04/18/2026 2:07:09 AM EST) or East Tennessee REALTORS (last updated Sat 04/18/2026 12:24:44 AM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agent License Information: Tennessee

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