5006 Marylin Ln Lane, Chattanooga, TN 37411 (MLS# 1519126)

5006 Marylin Ln Lane, Chattanooga, TN 37411

$300,000

Property Type: Residential Income Square Footage: 5,948 Lot Size (sq. ft.): 34,848 Status: Closed

Current Price: $300,000 List Date: 8/22/2025 Last Modified: 10/22/2025

Overview

Description

Exclusive duplex portfolio offering immediate income and long-term upside. This rare package includes three adjacent duplexes on Marylin ln, and offers strong cash flow potential in a high-demand corridor of Chattanooga. Each property is separately metered with all city utilities, easy access to downtown, transit routes, and local amenities. Perfect for investors looking to scale quickly or 1031 exchange buyers seeking a stable, performing asset with value-add upside. Highlights: Flexible month-to-month leases Recent upgrades Strong rental demand area Value-add potential through rent optimization. Don't miss this opportunity to acquire a high-density, income-producing portfolio in Chattanooga's appreciating market. No showings of occupied units until accepted offer in place. 5006, 5007, and 5009 Marylin Ln duplexes are listed as a package and as individual units. Agent is related to seller.

Listing Details MLS# 1519126

General Property Information

Number Of Units Total: 6
Living Area: 5948
Enhanced Accessible: No
Year Built: 1983
New Construction YN: No
Home Warranty YN: No
Lot Size Acres: 0.8
Lot Size Square Feet: 34848
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 146.27
Sold Price/SqFt: 50.44

Property Features

Appliances: Dishwasher; Free-Standing Range; Free-Standing Refrigerator; Freezer Attic Features: None Construction Materials: Brick Cooling: Central Air Flooring: Carpet; Luxury Vinyl Foundation Details: Block; Slab Heating: Central Listing Terms: Cash Owner Pays: Insurance; Taxes Parking Features: Driveway Possession: Close Of Escrow Property Condition: Updated/Remodeled Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Personal Interest Structure Type: Duplex; Multi Family Tenant Pays: All Utilities Water Source: Public

Contract Information

Auction YN: No
Listing Contract Date: 2025-08-21
Equitable Ownership Interest Listing: No
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 5006
Street Name: Marylin Ln
Street Suffix: Lane
County: Hamilton
State: TN
Postal Code: 37411
Subdivision Name: Peppermill Village # 2
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: Exclusive duplex portfolio offering immediate income and long-term upside. This rare package includes three adjacent duplexes on Marylin ln, and offers strong cash flow potential in a high-demand corridor of Chattanooga. Each property is separately metered with all city utilities, easy access to downtown, transit routes, and local amenities. Perfect for investors looking to scale quickly or 1031 exchange buyers seeking a stable, performing asset with value-add upside. Highlights: Flexible month-to-month leases Recent upgrades Strong rental demand area Value-add potential through rent optimization. Don't miss this opportunity to acquire a high-density, income-producing portfolio in Chattanooga's appreciating market. No showings of occupied units until accepted offer in place. 5006, 5007, and 5009 Marylin Ln duplexes are listed as a package and as individual units. Agent is related to seller.
Directions: Take Exit 5 on 75 freeway for Shallowford Road. Turn right (west) onto Shallowford Road. Go about 1.5 miles, then turn left onto Tunnel Blvd (signs will point toward Brainerd / Eastdale area). Continue on Tunnel Blvd for about 1 mile. Turn right onto N Moore Rd. After a short distance, turn left onto Marylin Ln. Follow Marylin Ln — 5006 Marylin Ln will be on your right.

Status Change Information

Major Change Timestamp: 2025-10-22T15:34:47Z
Major Change Type: Status Change
Status Change Timestamp: 2025-10-22
Under Contract Date: 2025-08-26
Close Date: 2025-09-30
Close Price: 300000

More Information

Unit 1

Unit Number: A
Actual Rent: 1175
Unit SqFt: 1064
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: Yes
Unit Remarks: N/A

Unit 2

Unit Number: B
Actual Rent: 1175
Unit SqFt: 1064
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: Yes
Unit Remarks: N/A

Unit 3

Unit Number: A
Actual Rent: 1100
Unit SqFt: 955
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: Yes
Unit Remarks: N/A

Unit 4

Unit Number: B
Actual Rent: 975
Unit SqFt: 955
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: Yes
Unit Remarks: N/A

Unit 5

Unit Number: A
Actual Rent: 975
Unit SqFt: 955
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: Yes
Unit Remarks: N/A

Unit 6

Unit Number: B
Actual Rent: 1150
Unit SqFt: 955
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: Yes
Unit Remarks: N/A

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 375181
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 259794

Location, Tax, and Legal

Parcel Number: 157c R 004
Office Exclusive: No
Elementary School: Woodmore Elementary
Middle Or Junior School: Dalewood Middle
High School: Brainerd High
Tax Annual Amount: 5578
Tax Legal Description: Lot 25 Peppermill Village Sub #2 34 -59
Deed Book: 13446
Deed Page: 233

Appliances

Dishwasher: Yes
Free-Standing Range: Yes
Free-Standing Refrigerator: Yes
Freezer: Yes

Attic Features

None: Yes

Construction Materials

Brick: Yes

Listing Terms

Cash: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Personal Interest: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Foundation Details

Block: Yes
Slab: Yes

Owner Pays

Insurance: Yes
Taxes: Yes

Parking Features

Driveway: Yes

Property Condition

Updated/Remodeled: Yes

Structure Type

Duplex: Yes
Multi Family: Yes

Tenant Pays

All Utilities: Yes

Flooring

Carpet: Yes
Luxury Vinyl: Yes

Heating

Central: Yes

Roof

Shingle: Yes

Documents

TN Prop Cond Disc or Exempt ›

Personal Interest ›

Listing Office: Keller Williams Realty

Last Updated: October - 22 - 2025

Information deemed reliable but not guaranteed.