3932 Bowman Lane
Property 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.
Broker Details
Real Estate Partners Chattanooga LLC (423) 265-0088
MLS ID: 13908 State License Number: TN357488
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $365,000 |
| No. of Units: | 2 |
| Year Built: | 1971 |
| Lot Size: | 2,428.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $182,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-CARTN-1543830
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
217 Lanier Street, Unit 217
Oxford, North Carolina
171 Sandifer Road
Spartanburg, South Carolina
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout