3932 Bowman LaneChattanooga, TN 37416

Description

An opportunity to own an income-producing duplex in a convenient Chattanooga location! With both units rented, this property offers established rental income, spacious floor plans and flexibility for your investment goals. The duplex features a three-bedroom, two-bath unit and a two-bedroom, one-and-a-half-bath unit, totaling approximately 2,428 square feet. One unit rents for $1,750 per month under a one-year lease beginning August 2026, while the other rents for $1,350 per month on a month-to-month agreement. Combined gross rental income is $3,100 per month, or $37,200 annually at current rents. Previously updated electrical, plumbing, flooring and appliances complement the partial brick exterior, while two garage spaces provide convenient parking and storage. Situated on approximately 0.30 acres near Highway 58, the property offers easy access to shopping, dining and downtown Chattanooga. Whether you're purchasing your first investment property or expanding your portfolio, this duplex combines established rental income with options for the future. All interior photos were taken prior to tenants moving in. Please do not disturb tenants. No showings until the property is under contract. Access will be coordinated following an accepted, fully executed purchase agreement.

Property Information

Property type

Residential Income

Sub-type

Duplex

Structure type

Duplex

Year built

1971

Living area

2,428 Sq Ft

Lot size

0.31 acres

Lot dimensions

90.02X152.3

Days on market

37

MLS^® Listing#

1543830

Property Features

Exterior

Private Yard

Appliances

Water Heater · Refrigerator · Dishwasher · Built-In Electric Range · Built-In Electric Oven

Cooling

Central Air

Basement

Finished

Parking

Driveway · Garage · Garage Faces Front

Laundry

In Garage · In Unit

Patio

Deck · Front Porch · Rear Porch

Lot features

Back Yard

Construction

Block

Roof

Shingle

Utilities

Cable Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Harrison Elementary

Middle

Brown Middle

High

Central High School

Financial Details

HOA

None

Annual taxes

$3,936

Parcel number

129b A 028

Directions

Take Highway 58 north to Webb Road, then turn left onto Bowman Lane and continue to 3932 Bowman Lane