1501 Fruitland Drive, Chattanooga, TN 37412 (MLS# 1524265)

1501 Fruitland Drive, Chattanooga, TN 37412

$950,000

Property Type: Residential Income Square Footage: 1,792 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $950,000 List Date: 11/20/2025 Last Modified: 4/15/2026

Overview

Description

This is a rare opportunity to acquire a fully leased rental portfolio consisting of 4 single-family rental homes and 1 duplex in Chattanooga, TN. All properties are fully occupied, each with individual driveways, ample parking, and fenced-in & flat backyards. All leases are month-to-month and tenants have been there for multiple years. Rent is below market value. Leases and showings are available upon submission of an LOI.

Listing Details MLS# 1524265

General Property Information

Number Of Units Total: 5
Living Area: 1792
Enhanced Accessible: No
Year Built: 1975
ADU YN: No
STVR YN: No
New Construction YN: No
Lot Size Acres: 0.12
Lot Size Square Feet: 5227.2
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 530.13

Property Features

Cooling: Varies by Unit Listing Terms: Cash; Conventional Parking Features: Driveway; Off Street Sewer: Public Sewer Water Source: Public Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2025-11-19
Equitable Ownership Interest Listing: No
Property Sub Type: Multi Family
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1501
Street Name: Fruitland
Street Suffix: Drive
County: Hamilton
State: TN
Postal Code: 37412
Subdivision Name: None
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: This is a rare opportunity to acquire a fully leased rental portfolio consisting of 4 single-family rental homes and 1 duplex in Chattanooga, TN. All properties are fully occupied, each with individual driveways, ample parking, and fenced-in & flat backyards. All leases are month-to-month and tenants have been there for multiple years. Rent is below market value. Leases and showings are available upon submission of an LOI.

Status Change Information

Major Change Timestamp: 2026-04-13T18:59:07Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-13T18:59:07Z
Status Change Timestamp: 2025-11-20

More Information

Unit 1

Unit Number: 1501 Fruitland Dr
Actual Rent: 1300
Unit SqFt: 1792
Total Full Baths: 2
Baths Total (Legacy): 2
Efficiency: No
Furnished: Unfurnished
Den: Yes
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: No
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Built 1975.

Unit 2

Unit Number: 1505 Maxwell Dr
Actual Rent: 1188
Unit SqFt: 1188
Total Full Baths: 2
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: Yes
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: No
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Built 1941

Unit 3

Unit Number: 1503 Fruitland Dr
Actual Rent: 750
Unit SqFt: 960
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: Yes
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: No
Stove: No
Washer Dryer Hookups: Yes
Unit Remarks: Built 1970

Unit 4

Unit Number: 1505 Fruitland Dr
Actual Rent: 750
Unit SqFt: 1095
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: Yes
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: No
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Built 1940

Unit 5

Unit Number: 1507 Fruitland Dr
Actual Rent: 800
Unit SqFt: 1019
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: No
Refrigerator: No
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: Built 1970

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 285342
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 259794

Location, Tax, and Legal

Parcel Number: 169j H 014
Office Exclusive: No
Elementary School: Spring Creek Elementary
Middle Or Junior School: East Ridge Middle
High School: East Ridge High
Tax Annual Amount: 1958.43
Tax Legal Description: Lt 1 Hall's Fruitland Farms Pb 125 Pg 106
Deed Book: 125
Deed Page: 106

Listing Terms

Cash: Yes
Conventional: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Cooling

Varies by Unit: Yes

Parking Features

Driveway: Yes
Off Street: Yes

Documents

TN Prop Cond Disc or Exempt: Yes

Documents

Lead Based Paint Disclosure ›

TN Prop Cond Disc or Exempt ›

Listing Office: KW Commercial

Last Updated: April - 15 - 2026

Information deemed reliable but not guaranteed.