1921 Emerson Drive, Chattanooga, TN 37408 (MLS# 1523700)

1921 Emerson Drive, Chattanooga, TN 37408

$850,000

One of the duplexes that fronts Emerson Drive.

Property Type: Residential Income Square Footage: 4,352 Lot Size (sq. ft.): 9,148 Status: Contingent

Current Price: $850,000 List Date: 11/08/2025 Last Modified: 3/28/2026

Overview

Description

PRIME INVESTMENT OPPORTUNITY in the Heart of the Southside! Value confirmed by recent appraisal. LOCATION, LOCATION,LOCATION! This exceptional multi-family investment property sits in the vibrant Southside district—one of Chattanooga's fastest-growing neighborhoods. The property includes four buildings: three duplexes (each featuring a two-room studio) and one standalone unit offering 3 bedrooms and 1 bathroom. Situated within a federally designated OPPORTUNITY ZONE, this property provides substantial tax advantages for investors. With MIXED-USE COMMERCIAL ZONING, you'll have the flexibility to: Continue operating as a multi-family rental property Reposition for higher-yield residential or short-term rentals Explore creative redevelopment or mixed-use possibilities Flexible zoning permits up to 4 stories of vertical development, and an adjacent parcel is available, enabling larger-scale commercial, mixed-use, or redevelopment projects. Would make an excellent artist community ... (Read more)

Listing Details MLS# 1523700

General Property Information

Number Of Units Total: 7
Above Grade Finished Area: 4352
Above Grade Finished Area Source: Public Records
Living Area: 4352
Living Area Source: Tax Records
Enhanced Accessible: Yes
Year Built: 1910
ADU YN: No
STVR YN: No
New Construction YN: No
Home Warranty YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Lot Size Dimensions: 61X140
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Spa YN: No
Green Features YN: No
Senior Community YN: No
Sign On Property YN: Yes
List Price/SqFt: 195.31
Below Grade Finished Area: 0

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Bedroom; Accessible Central Living Area; Accessible Closets; Accessible Doors; Accessible Electrical and Environmental Controls; Accessible Entrance; Accessible Full Bath; Accessible Hallway(s); Accessible Kitchen Appliances: Electric Oven; Refrigerator Architectural Style: Contemporary Community Features: Restaurant; Sidewalks; Street Lights Construction Materials: Brick Veneer; Concrete; Stucco Cooling: Ceiling Fan(s); Window Unit(s) Current Financing: Conventional; Other Fencing: None Flooring: Ceramic Tile; Linoleum; Tile Foundation Details: Slab Heating: Varies by Unit Interior Features: Plumbed; Tub/shower Combo; Walk-In Closet(s) Laundry Features: None Levels: One Listing Terms: Cash; Conventional Lot Features: City Lot; Gentle Sloping; Level; Near Public Transit Parking Features: Gravel; Off Street; Unpaved Patio And Porch Features: Front Porch; Porch Pool Features: None Possession: Close Of Escrow Property Condition: Fixer Road Frontage Type: Alley; City Street Road Responsibility: Public Maintained Road Road Surface Type: Gravel Roof: Metal Security Features: Security Lights Sewer: Public Sewer Spa Features: None Structure Type: Duplex; Free Standing Building; Mixed Use; Multi Family Utilities: Cable Available; Electricity Connected; Water Connected Water Source: Public Window Features: Aluminum Frames; Double Pane Windows Lock Box Type: None Documents: Lead Based Paint Disclosure; Lead Based Paint Pamphlet; TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2025-11-08
Equitable Ownership Interest Listing: No
Property Sub Type: Multi Family
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1921
Street Name: Emerson
Street Suffix: Drive
County: Hamilton
State: TN
Postal Code: 37408
Subdivision Name: None
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: PRIME INVESTMENT OPPORTUNITY in the Heart of the Southside! Value confirmed by recent appraisal. LOCATION, LOCATION,LOCATION! This exceptional multi-family investment property sits in the vibrant Southside district—one of Chattanooga's fastest-growing neighborhoods. The property includes four buildings: three duplexes (each featuring a two-room studio) and one standalone unit offering 3 bedrooms and 1 bathroom. Situated within a federally designated OPPORTUNITY ZONE, this property provides substantial tax advantages for investors. With MIXED-USE COMMERCIAL ZONING, you'll have the flexibility to: Continue operating as a multi-family rental property Reposition for higher-yield residential or short-term rentals Explore creative redevelopment or mixed-use possibilities Flexible zoning permits up to 4 stories of vertical development, and an adjacent parcel is available, enabling larger-scale commercial, mixed-use, or redevelopment projects. Would make an excellent artist community! Its location near the transformative South Broad District and new Lookouts Stadium development further enhances long-term value and demand. Positioned in an Opportunity Zone with redevelopment upside, this property offers a compelling blend of current utility, tax-advantaged investment potential, and strategic growth positioning. Whether you're seeking steady cash flow or looking for a dynamic development project, this Southside property delivers exceptional potential in one of Chattanooga's most desirable investment corridors ADJACENT PROPERTY ALSO AVAILABLE FOR SALE..
Directions: From the corner of E. Main Street and Market Street: Turn left on Market Street. Turn right on 19th Street. Turn left on Emerson Drive. Destination is on your right.

Status Change Information

Major Change Timestamp: 2026-03-28T20:53:01Z
Major Change Type: Status Change
Price Change Timestamp: 2026-03-16T19:58:40Z
Status Change Timestamp: 2026-03-28
Under Contract Date: 2026-03-28

More Information

Unit 1

Unit Number: 1921
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

Unit 2

Unit Number: 1925
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

Unit 3

Unit Number: 1933
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

Unit 4

Unit Number: 1937
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

Unit 5

Unit Number: 15
Actual Rent: 1800
Unit SqFt: 1450
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 3 bedrooms all in one stand alone building.

Unit 6

Unit Number: 23
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

Unit 7

Unit Number: 27
Actual Rent: 1000
Unit SqFt: 500
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: 2 room studio

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 356940
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 259621

Location, Tax, and Legal

Parcel Number: 145m A 011
Office Exclusive: No
Elementary School: Battle Academy
Middle Or Junior School: Orchard Knob Middle
High School: Howard School of Academics & Tech
Tax Annual Amount: 4523.2
Tax Legal Description: PT OF LOT D MONDS PB N/R
Deed Book: 10186
Deed Page: 247

Accessibility Features

Accessible Approach with Ramp: Yes
Accessible Bedroom: Yes
Accessible Central Living Area: Yes
Accessible Closets: Yes
Accessible Doors: Yes
Accessible Electrical and Environmental Controls: Yes
Accessible Entrance: Yes
Accessible Full Bath: Yes
Accessible Hallway(s): Yes
Accessible Kitchen: Yes

Appliances

Electric Oven: Yes
Refrigerator: Yes

Architectural Style

Contemporary: Yes

Community Features

Restaurant: Yes
Sidewalks: Yes
Street Lights: Yes

Construction Materials

Brick Veneer: Yes
Concrete: Yes
Stucco: Yes

Fencing

None: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

City Lot: Yes
Gentle Sloping: Yes
Level: Yes
Near Public Transit: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Alley: Yes
City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Gravel: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Window Unit(s): Yes

Foundation Details

Slab: Yes

Parking Features

Gravel: Yes
Off Street: Yes
Unpaved: Yes

Property Condition

Fixer: Yes

Security Features

Security Lights: Yes

Structure Type

Duplex: Yes
Free Standing Building: Yes
Mixed Use: Yes
Multi Family: Yes

Current Financing

Conventional: Yes
Other: Yes

Levels

One: Yes

Patio And Porch Features

Front Porch: Yes
Porch: Yes

Pool Features

None: Yes

Spa Features

None: Yes

Window Features

Aluminum Frames: Yes
Double Pane Windows: Yes

Flooring

Ceramic Tile: Yes
Linoleum: Yes
Tile: Yes

Heating

Varies by Unit: Yes

Interior Features

Plumbed: Yes
Tub/shower Combo: Yes
Walk-In Closet(s): Yes

Laundry Features

None: Yes

Roof

Metal: Yes

Lock Box Type

None: Yes

Documents

Lead Based Paint Disclosure: Yes
Lead Based Paint Pamphlet: Yes
TN Prop Cond Disc or Exempt: Yes

Documents

Lead Based Paint Disclosure ›

TN Prop Cond Disc or Exempt ›

Lead Based Paint Pamphlet ›

Listing Office: Real Estate Partners Chattanooga LLC

Last Updated: March - 28 - 2026

Information deemed reliable but not guaranteed.