3626 Tanaka Trail, Chattanooga, TN 37404

Duplex opportunity on a wooded 1-acre lot with rental income, near-term flexibility, and upside for an investor or owner-occupant. Each side offers 2 bedrooms and 1 bath. One unit is leased at $1,050/month through 5/31/26. The second unit is vacant and was most recently rented for $1,064/month, but it will need improvements before it is rent ready.

With the current lease ending soon, this property may offer a cleaner path for an investor to evaluate both units, make improvements, adjust rents, or explore an owner-occupant strategy after closing. A nearby fully renovated duplex on Tanaka Trail recently rented for $1,175 per side, offering a helpful benchmark for potential rental upside after improvements.

Based on a similar sale on the same street, the after-repair value could be around $280,000+. Recent exterior updates include paint, handrails, and lighting in 2023, plus a new roof in 2025. Right unit: Renovated in 2019 with central HVAC and ductwork, updated kitchen and bath, refinished hardwood floors, and newer finishes.

Currently leased through 5/31/26 at $1,050/month. Tenant pays water, sewer, and electric. Water heater is located in the rear attached shed. Left unit: Vacant and not currently rent ready. Features electric wall heaters, tenant-supplied window AC, washer/dryer hookups, and water heater located in the kitchen.

Needs some door replacements and additional improvements before occupancy. Showings are currently for the vacant left unit only. The occupied right unit may be viewed after an accepted offer, subject to tenant coordination, with broader access expected after lease expiration. Please see plat page/map to verify property/state line.