916 Airport Road, Chattanooga, TN 37421
Local realty services provided by:Better Homes and Gardens Real Estate Signature Brokers
916 Airport Road,Chattanooga, TN 37421
$1,299,000
- - Beds
- 7 Baths
- 5,040 sq. ft.
- Multi-family
- Pending
Listed by: justin hood
Office: horizon sotheby's international realty
MLS#:1528506
Source:TN_CAR
Price summary
- Price:$1,299,000
- Price per sq. ft.:$257.74
About this home
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....
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Home facts
- Year built:2026
- Listing ID #:1528506
- Added:103 day(s) ago
- Updated:May 28, 2026 at 07:36 AM
Rooms and interior
- Total bathrooms:7
- Full bathrooms:7
- Living area:5,040 sq. ft.
Heating and cooling
- Cooling:Central Air
- Central air:Yes
Structure and exterior
- Year built:2026
- Building area:5,040 sq. ft.
- Lot area:0.6 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,299,000
- Price per sq. ft.:$257.74
- Tax amount:$897
Parking
- Parking description:Concrete
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