Live in one side. Lease the other. Build equity while generating income?all under $500,000 and just minutes from downtown Chattanooga. Opportunities like this are incredibly rare: a brand-new 2-unit townhome that gives you the flexibility to house-hack, expand your portfolio, or secure a low-maintenance investment in one of the city's fastest-growing areas.Located in Somerville Cottages, a thoughtfully designed and steadily expanding community in South Chattanooga, this property is built for both smart investors and strategic homeowners. Whether you offset your mortgage by renting one unit or lease both for maximum return, the numbers make sense at this price point?and inventory like this is extremely limited.Each unit is appointed with quartz countertops, full appliance packages, luxury vinyl plank flooring throughout, high ceilings, and modern, cohesive design selections that attract quality tenants and support long-term durability. These are standard features, not upgrades?creating immediate value and consistent rental appeal. Clean layouts, natural light, and efficient floor plans make both sides equally desirable, giving you flexibility in how you position the asset.Unlike older duplexes that come with deferred maintenance and surprise expenses, this is brand-new construction delivered turn-key and backed by a 1/2/10 builder's warranty?offering peace of mind and predictable ownership costs from day one. For owner-occupants, it's a strategic way to step into real estate with built-in income. For investors, it's a rare chance to secure new multi-family under $500K in a high-demand rental corridor.Positioned just minutes from downtown, Main Street, St. Elmo, Broad Street, Publix, and the new stadium, the location drives consistent demand without relying on speculation. The two-unit townhome is currently under construction and scheduled for completion within 60 days. Photos shown are from another property with the same floor plan and design package and are for illustrative purposes only, accurately reflecting the finishes and quality you can expect upon completion.If you've been waiting for a live/lease opportunity where the price, condition, and location truly alignthis is it.
Listed By
Agency Name: Rogue Real Estate Company llc
Agency Phone: 423-715-0075
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 1,258.11 per month $1,112.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $145.78 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
3163 Hodley Avenue | MLS# 1528665
This multi-family property located at 3163 Hodley Avenue, Chattanooga, TN 37410 is currently listed for sale with an asking price of $499,800. Search Chattanooga real estate on www.clhomes.com today.