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.
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
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