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4061 Teakwood Drive
Chattanooga TN 37416 US

$322,000

Pending Listing ID 20261303
bath icon
2.00 Bath (2 Full)
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Single Family Residence

$322,000

Pending Listing ID 20261303
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4061 Teakwood Drive 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Rain Gutters
  • Floor Covering: Vinyl, Carpet
  • Heating Fuels: Central, Electric (Heating)
  • Additional Features
  • Patio

School Information

  • School
  • Harrison Elem.(Elementary)
  • Brown(MiddleSchool)
  • Central High(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Single Family Residence
  • listprice: 322000
  • unparsedaddress: 4061 Teakwood Drive
  • postalcity: Chattanooga
  • stateorprovince: TN
  • country: US
  • postalcode: 37416
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 1920
  • livingareaunits: Square Feet
  • latitude: 35.094437
  • longitude: -85.185704
  • listagentfullname: Drew Carey
  • listagentemail: drew@choicehomes.co
  • listagentkey: 3yd-RCARTN-980_35
  • listagentmlsid: 980_35
  • listagentpreferredphone: 4236183739
  • listagentofficephone: 4236183739
  • listofficekey: 3yd-RCARTN-expchatt
  • listagentstatelicense: 327119
  • listofficemlsid: expchatt
  • disclaimer: Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RCARTN
  • yearbuilt: 1969
  • listingcontractdate: 2025-12-12
  • countyorparish: Hamilton
  • parcelnumber: 120o H 014
  • elementaryschool: Harrison Elem.
  • highschool: Central High
  • appliances: Washer, Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator
  • cooling: Central Air
  • constructionmaterials: Brick
  • flooring: Vinyl, Carpet
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway, Off Street
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Primary Downstairs, Open Floorplan, Laminate Counters
  • exteriorfeatures: Rain Gutters
  • windowfeatures: Vinyl Frames
  • architecturalstyle: Ranch
  • rooms: Bathroom 2, Bathroom 1
  • utilities: Cable Available
  • patioandporchfeatures: Patio
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -85.18571, 35.094437
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"EXP Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"drew@choicehomes.co", "ListBrokerageCity":"Chattanooga", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"EXP Realty, LLC", "ListBrokeragePhone":"8885195113", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"400 E Main St STE 215 ", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"400 E Main St STE 215 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"expchatt", "ListOfficeCity":"Chattanooga", "ListOfficeCountry":"USA", "ListOfficeEmail":"drew@choicehomes.co", "ListOfficePostalCode":"37408", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Ranch - Chattanooga, TN", "ListingURL":null, "MLSModificationTimestamp":"2026-03-26 01:29:43", "Neighborhoods":[{"Description":null, "Name":"Harbor Place"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2423, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/26/2026 1:31:52 AM GMT
Source Updated Date: 3/28/2026 7:02:09 AM GMT

Courtesy of: Drew Carey, EXP Realty, LLC, drew@choicehomes.co

Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.