$250,000
4831 Bonny Lake Ln, Chattanooga, TN 37416
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.
Corey Ballew Real Broker
$495,000 New Construction
4209 Willard Dr, Chattanooga, TN 37416
Introducing a new construction 2-unit duplex, offering modern living with style and convenience, perfectly designed for both investors and owner-occupants alike! Each unit features 2 spacious bedrooms and 2 full bathrooms, ensuring comfort and privacy. The sleek eat-in kitchen is fully equipped with brand-new appliances. Adjacent to the kitchen, the comfortable living room provides an ideal space
Rosa Shchukin Premier Property Group Inc.
Bonny Oaks-Highway 58 in Chattanooga is a suburban neighborhood known for its mid-20th-century homes and newer craftsman-style houses. Developed after the relocation of Highway 58 for the Chickamauga Dam project, the area has seen little change until recently, with new homes now being built. The neighborhood's gridded streets and cul-de-sacs feature homes with driveways and some multi-car garages. Bonny Oaks-Highway 58 is experiencing a resurgence due to its proximity to job opportunities and downtown Chattanooga, which is 8 miles west. The area is served by Hamilton County Schools, with options like Harrison Elementary, Brown Middle School, and Central High School, as well as the Chattanooga School for the Liberal Arts. Local attractions include Lake Hills Park with its green space and walking path, and Booker T. Washington State Park, offering trails, fishing piers, a swimming pool, and playgrounds. Chickamauga Lake nearby provides boating, fishing, and swimming opportunities. The Washington Hills Community Center offers indoor and outdoor recreational facilities, while the Tennessee Valley Railroad Museum provides train rides and tours. Shopping needs are met by Lake Hills Shopping Center, featuring Food City, United Grocery Outlet, and Walgreens Pharmacy, along with Linda’s Produce for fresh fruits and vegetables. Dining options include Ankar's Hoagies and Highway 58 BBQ. The neighborhood is mostly car-dependent, with an industrial park 2 miles east housing companies like Volkswagen and Amazon. Chattanooga Metropolitan Airport is 3 miles south, making travel convenient.
On average, homes in Bonny Oaks-Highway 58, Chattanooga sell after 26 days on the market compared to the national average of 47 days. The average sale price for homes in Bonny Oaks-Highway 58, Chattanooga over the last 12 months is $276,143, down 1% from the average home sale price over the previous 12 months.
In Bonny Oaks-Highway 58, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $250,000 to $495,000, there's something for every budget. As of April, 2025 the median home price in Bonny Oaks-Highway 58, Chattanooga is $275,000, while the average sale price is $276,143, providing insight into local market trends. On average, multi-family homes spend 26 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Bonny Oaks-Highway 58, Chattanooga.
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