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203 Flora Circle, 
Chattanooga, TN 37415

$357,000


Bed


Bath


1,716

Sq Ft


Multi-Family

Active

Listed by

Carter Roberson

RE/MAX Renaissance Realtors

423-756-5700

Last updated:

April 16, 2025, 02:26 PM

MLS#

1510672

Source:

TN CAR

About This Home

203 Flora Circle

*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.*

Home Facts

Multi-Family

Built in 1956

Price Summary

357,000

$208 per Sq. Ft.

MLS #:

1510672

Last Updated:

April 16, 2025, 02:26 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

1,716 Sq. Ft.


Structure

Structure

Building Area:

1,716 Sq. Ft.

Year Built:

1956


Lot

Lot Size (Sq. Ft):

29,185


Finances & Disclosures

Finances

Price:

$357,000

Price per Sq. Ft:

$208 per Sq. Ft.

Source:TN CAR
The information being provided by Greater Chattanooga Association of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Greater Chattanooga Association of Realtors All rights reserved.

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Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.