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

916 Airport Road, 
Chattanooga, TN 37421

$1,150,000


14

Beds


7

Baths


5,040

Sq Ft


Multi-Family

Sold

Listed by

Justin Hood

Horizon Sotheby'S International Realty

423-756-9999

MLS#

1528506

Source:

TN CAR

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About This Home

916 Airport Road

Brand new 2026 construction six-unit apartment complex located in Chattanooga's high-demand Airport corridor, currently in active lease-up with projected stabilization within 90 days at approximately $120,000 gross annual income. This stabilized-ready asset features a clean, modern aesthetic with architectural shingle roofing, low-maintenance vinyl siding, full concrete parking, and updated interiors with stainless steel appliances in every unit, offering minimal to zero deferred maintenance for years to come. All units are single-level, providing convenient one-level living with strong accessibility appeal. Utilities are separately metered for electric and water, each unit has individual trash can service, and high-speed internet is available, creating efficient operations and meeting modern tenant expectations. The parcel appears to be located within a Community Reinvestment Act (CRA) eligible lending area, which may provide favorable financing considerations through participating lenders. The unit mix includes two end units projected at $1,800 per month and four interior units projected at $1,600 per month. Projected NOI is approximately $84,000 based on a conservative 70% expense ratio, reflecting an estimated 6.5% cap rate at current pricing assumptions. Professional property management is in place and overseeing lease-up, allowing a new owner to step into a turnkey investment with minimal operational friction. Located minutes from Chattanooga Metropolitan Airport, I-75 and Highway 153, and surrounded by major retail including Hamilton Place and national brands such as Target, Publix, Chick-fil-A, and Starbucks, along with major employers including Volkswagen Chattanooga Assembly Plant and Amazon. Rare small-format new construction multifamily opportunity in one of Chattanooga's most convenient and growth-oriented corridors. Buyer responsible to verify all information deemed important.

Home Facts

Multi-Family

7 Baths

14 Bedrooms

Built in 2026

Subdivision & Development:

None

Price Summary

1,299,000

$257 per Sq. Ft.

MLS #:

1528506

Sold:

June 24, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7

Interior

Living Area:

5,040 Sq. Ft.


Structure

Structure

Building Area:

5,040 Sq. Ft.

Year Built:

2026


Lot

Lot Size (Sq. Ft):

26,136


Finances & Disclosures

Finances

Price:

$1,299,000

Price per Sq. Ft:

$257 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. © 2026 Greater Chattanooga Association Of REALTORS® All rights reserved.