857 Wheeler Avenue, Chattanooga, TN 37406 (MLS # 1536731)
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*Package Deal Opportunity: Two Homes Right Next to Each Other for Less Than $250,000* Rare opportunity to purchase one or both of these neighboring investment properties at 857 and 859 Wheeler Ave. Priced at just $122,000 each, these homes offer investors, landlords, and value minded buyers an excellent opportunity in a convenient Chattanooga location. Both properties are currently tenant occupied with tenants in place for the next several months, providing immediate rental income potential for the next owner. Located just minutes from Erlanger Hospital, UTC, downtown Chattanooga, shopping, dining, and major employers, these homes are positioned in an area with strong rental demand. Both homes were extensively renovated by a previous owner prior to the current owner's purchase. Since acquiring the properties, the current owner has also completed crawl space encapsulations on both homes, providing added peace of mind and helping reduce future maintenance concerns. Whether you are looking to add to your rental portfolio, purchase your first investment property, or take advantage of the opportunity to own two homes side by side, this is a unique offering at an attractive price point. Opportunities like this are becoming harder to find. No showings will be permitted until an accepted contract is in place. Please do not disturb tenants.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/13/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1947 |
| COMMUNITY | Chattanooga | COUNTY | Hamilton |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Orchard Knob Elementary |
|---|---|
| Jr. High School | Orchard Knob Middle |
| High School | Brainerd High |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range, Electric Water Heater, Refrigerator |
| AREA | Chattanooga |
| BASEMENT | Crawl Space, Yes |
| CONSTRUCTION | Brick, Other |
| EXTERIOR | Private Yard |
| HEAT | None |
| INTERIOR | Master Downstairs, Open Floorplan |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 50X146.75 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 683.11 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing Courtesy of RE/MAX Renaissance Realtors
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This site was last updated on 6/13/26 4:00 PM PDT
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