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3932 Bowman Lane, Chattanooga, TN 37416

$365,000
  • 3932 Bowman Lane, Chattanooga, TN 37416 Main Photo

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New to the Market Active
BEDS5 BATHS SQUARE FEET2,428 MLS#1543830
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMurray Hill Ests NEIGHBORHOODChattanooga

Property Description

An opportunity to own an income-producing duplex in a convenient Chattanooga location! With both units rented, this property offers established rental income, spacious floor plans and flexibility for your investment goals.The duplex features a three-bedroom, two-bath unit and a two-bedroom, one-and-a-half-bath unit, totaling approximately 2,428 square feet. One unit rents for $1,750 per month under a one-year lease beginning August 2026, while the other rents for $1,350 per month on a month-to-month agreement. Combined gross rental income is $3,100 per month, or $37,200 annually at current rents.Previously updated electrical, plumbing, flooring and appliances complement the partial brick exterior, while two garage spaces provide convenient parking and storage. Situated on approximately 0.30 acres near Highway 58, the property offers easy access to shopping, dining and downtown Chattanooga.Whether you're purchasing your first investment property or expanding your portfolio, this duplex combines established rental income with options for the future.All interior photos were taken prior to tenants moving in. Please do not disturb tenants. No showings until the property is under contract. Access will be coordinated following an accepted, fully executed purchase agreement.

3932 Bowman Lane | MLS# 1543830

This multi-family property located at 3932 Bowman Lane, Chattanooga, TN 37416 is currently listed for sale with an asking price of $365,000. Search Chattanooga real estate on cindy.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Central Air
Lot Size: 0.31 Acres
Taxes: $3,936
Year Built: 1971

Units

Unit Type 1:
Bedrooms: 3
Bathroom(s): 2.0
Rent: $1750.00
Square Footage: 1428
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.1
Rent: $1350.00
Square Footage: 1000

Feature Descriptions

Appliances: Built-In Electric Range, Built-In Electric Oven, Dishwasher, Refrigerator, Water Heater
Days on Site: 6
Exterior: Block
Exterior Amenities: Private Yard
Laundry: In Garage, In Unit
Lot: Back Yard
Lot Dimensions: 90.02X152.3
Parcel #: 129b A 028
Parking: Driveway, Garage, Garage Faces Front
Patio/Porch: Deck, Front Porch, Rear Porch
Tenant Pays: All Utilities
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: Real Estate Partners Chattanooga LLC
Agency Phone: 423-265-0088

Shown By

Agent Name: Cindy Nabors
Agent Phone: (423) 503-3498
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: CARMLS

Estimate Your Payment

Estimated Payment

$ 1,246.79 per month $812.33 Principal & Interest $328.00 Property Tax $106.46 Homeowner's Insurance

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