Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Pryor Realty, Inc.
Property view
Listing view 2
Listing view 3

4831 Bonny Lake Lane, 
Chattanooga, TN 37416

$250,000


Bed


Bath


1,787

Sq Ft


Multi-Family

Pending

Listed by

Corey Ballew

Real Broker

844-591-7325

Last updated:

July 21, 2025, 12:51 AM

MLS#

1510597

Source:

TN CAR

About This Home

4831 Bonny Lake Lane

This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updates—flooring, paint, appliances—as well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.

Home Facts

Multi-Family

Built in 1966

Price Summary

250,000

$139 per Sq. Ft.

MLS #:

1510597

Last Updated:

July 21, 2025, 12:51 AM

Added:

4 month(s) ago


Rooms & Interior

Interior

Living Area:

1,787 Sq. Ft.


Structure

Structure

Building Area:

1,787 Sq. Ft.

Year Built:

1966


Lot

Lot Size (Sq. Ft):

13,503


Finances & Disclosures

Finances

Price:

$250,000

Price per Sq. Ft:

$139 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.

Contact an Agent

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.

 

Contact an Agent

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.