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Sold for $240,000 on 08/25/25
  • $240,000

    4831 Bonny Lake Ln, Chattanooga, TN 37416

    4beds
    1,787sqft
    Duplex
    Built in 1966
    -- sqft lot
    $235,700 Zestimate®
    $134/sqft
    $1,462 Estimated rent

    What's special

    This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updates—flooring, paint, appliances—as well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.

    Zillow last checked: 7 hours ago

    Listing updated: August 25, 2025 at 08:42am

    Listed by:

    Corey Ballew 423-529-0696,

    REAL Broker

    Bought with:

    Corey Ballew, 332263

    REAL Broker

    Source: Greater Chattanooga Realtors,MLS#: 1510597

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: None
    • Laundry: Laundry Room
    Features
    • Flooring: Carpet, Tile
    • Windows: Aluminum Frames
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 1,787
    • Total interior livable area: 1,787 sqft
    • Finished area above ground: 1,787

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Exterior features: None
    • Pool features: None
    • Fencing: None
    Lot
    • Size: 0.31 Acres
    • Dimensions: 87.5 x 150
    • Features: Back Yard, Front Yard, Level
    Details
    • Additional structures: None
    • Parcel number: 129j G 032
    • Special conditions: Investor
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Fixer
    • New construction: No
    • Year built: 1966

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Chattanooga
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt
    Services availability
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    Estimated market value

    $235,700