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Local Realty Service Provided By: Coldwell Banker Pryor Realty, Inc.

4061 Teakwood Drive, 
Chattanooga, TN 37416

$295,000


4

Beds


3

Baths


1,920

Sq Ft


Multi-Family

Sold

Listed by

Drew Carey

eXp Realty, LLC.

888-519-5113

MLS#

1525188

Source:

TN CAR

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About This Home

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.

Home Facts

Multi-Family

3 Baths

4 Bedrooms

Built in 1969

Price Summary

322,000

$167 per Sq. Ft.

MLS #:

1525188

Sold:

May 1, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,920 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

1,920 Sq. Ft.

Year Built:

1969


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$322,000

Price per Sq. Ft:

$167 per Sq. Ft.

Source:TN CAR
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