5640 Us-41, 1-14, Jasper, TN 37347 (MLS# 1526714)

5640 Us-41, 1-14, Jasper, TN 37347

$1,210,000

Property Type: Residential Income Square Footage: 675 Lot Size (sq. ft.): 43,560 Status: Active

Current Price: $1,210,000 List Date: 2/23/2026 Last Modified: 2/23/2026

Overview

Description

14 Unit Efficiency Apartments. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area.

Listing Details MLS# 1526714

General Property Information

Number Of Units Total: 14
Stories: Yes
Living Area: 675
Enhanced Accessible: No
Year Built: 1980
ADU YN: No
STVR YN: No
New Construction YN: No
Home Warranty YN: No
Garage YN: Yes
Attached Garage YN: No
Carport YN: No
Lot Size Acres: Yes
Lot Size Square Feet: 43560
Lot Size Dimensions: 382x231x422
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 1792.59
Garage Spaces: 0

Property Features

Construction Materials: Other Cooling: Electric Current Financing: Conventional Exterior Features: Private Yard Flooring: Luxury Vinyl; Plank Foundation Details: Slab Heating: Electric Interior Features: Eat-in Kitchen; Open Floorplan Levels: One Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Split Possible Owner Pays: Water Parking Features: Gravel; Kitchen Level; Off Street Possession: Close Of Escrow Roof: Shingle Sewer: Public Sewer Special Listing Conditions: Investor Tenant Pays: Electricity; Sewer Utilities: Sewer Connected Water Source: Public Lock Box Type: None Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2026-01-15
Equitable Ownership Interest Listing: No
Property Sub Type: Apartment
Occupant Type: Vacant

Location Tax and Legal

Street Number: 5640
Street Name: Us-41
Unit Number: 1-14
County: Marion
State: TN
Postal Code: 37347
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: 14 Unit Efficiency Apartments. Originally built as a hotel, this 14 Unit Apartment Rental, has been expertly refurbished. Tons of charm and only 17 miles or 27 minutes to Chattanooga. Excellent for Chattanooga, Monteagle, Sequatchie Valley workforce needs. Great for the outdoor enthusiast, who would work in Chattanooga during the week and would want to enjoy the outdoors on the weekend. Walking distance to the Sequatchie River's canoeing and Kayaking. Only minutes to Nickajack Lake and it's award-winning Bass fishing and water sports. Bring your ski-boat and make a day of it on the lake! Nearby Monteagle gives you tons of Hiking Opportunities, such as the Fiery Gizzard Trail. This 14 Unit Rental is perfectly located to fulfill part of the growing need for workforce housing in a very tight housing market in the area.
Directions: From Downtown Chattanooga take I-24 West for app. 20 miles; cross Nickajack Lake and take next exit US 41 ; Continue West on US-41 and the property is on the left just after you cross the Sequatchie River ; 5640 Hwy 41

Status Change Information

Major Change Timestamp: 2026-02-23T15:08:45Z
Major Change Type: Back on Market
Status Change Timestamp: 2026-02-23

More Information

Unit 1

Unit Number: Yes
Actual Rent: 950
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 2

Unit Number: 2
Actual Rent: 950
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 3

Unit Number: 3
Actual Rent: 950
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: No
Washer Dryer Hookups: No
Unit Remarks: efffiency

Unit 4

Unit Number: 4
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: effiency
Actual Rent: 0

Unit 5

Unit Number: 5
Actual Rent: 850
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 6

Unit Number: 6
Actual Rent: 975
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: efficiency

Unit 7

Unit Number: 7
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency
Actual Rent: 0

Unit 8

Unit Number: 8
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency
Actual Rent: 0

Unit 9

Unit Number: 9
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: Yes
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: efficiency
Actual Rent: 0

Unit 10

Unit Number: 10
Actual Rent: 1000
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 11

Unit Number: 11
Actual Rent: 975
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 12

Unit Number: 12
Actual Rent: 1050
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 13

Unit Number: 13
Actual Rent: 1075
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency

Unit 14

Unit Number: 14
Unit SqFt: 546
Total Full Baths: Yes
Efficiency: Yes
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: No
Unit Remarks: efficiency
Actual Rent: 0

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 358625
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 260751

Location, Tax, and Legal

Parcel Number: 058120 01305
Office Exclusive: No
Elementary School: Marion County Elementary
Middle Or Junior School: Marion County Middle
High School: Marion County High
Tax Annual Amount: 8250.76
Tax Legal Description: 5640 Hwy 41 ; Parcel 058120 01305
Deed Book: 516
Deed Page: 919

Construction Materials

Other: Yes

Exterior Features

Private Yard: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Lot Features

Split Possible: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Investor: Yes

Utilities

Sewer Connected: Yes

Water Source

Public: Yes

Cooling

Electric: Yes

Foundation Details

Slab: Yes

Owner Pays

Water: Yes

Parking Features

Gravel: Yes
Kitchen Level: Yes
Off Street: Yes

Tenant Pays

Electricity: Yes
Sewer: Yes

Current Financing

Conventional: Yes

Levels

One: Yes

Flooring

Luxury Vinyl: Yes
Plank: Yes

Heating

Electric: Yes

Interior Features

Eat-in Kitchen: Yes
Open Floorplan: Yes

Roof

Shingle: Yes

Lock Box Type

None: Yes

Documents

TN Prop Cond Disc or Exempt: Yes

Documents

TN Prop Cond Disc or Exempt ›

Listing Office: Keller Williams Realty

Last Updated: February - 23 - 2026

Information deemed reliable but not guaranteed.