$369,000
$20K PRICE DROP

2601 W Valley Rd Dunlap, TN 37327

Estimated payment $2,141/month

Total Views 2,063
-- Bed
-- Bath
6,227 Sq Ft
$59 Price per Sq Ft

Highlights

  • Deck
  • Covered Patio or Porch
  • Eat-In Kitchen
  • No HOA
  • Formal Dining Room
  • Living Room

About This Home

Attention investors: Opportunities like this don't come often in Dunlap. This 3-unit property features three oversized 3BR/1BA units totaling 6,227 SF on a paved 1-acre lot. One unit currently leased with two vacant units ready for immediate lease-up. Large 3-bedroom layouts are in strong demand, creating strong cash-flow potential once stabilized. Ideal for BRRRR, 1031 exchange, or buy-and-hold investors looking to increase NOI and build equity. With limited multifamily inventory in the area, this is a strategic addition to any rental portfolio.

Listing Agent

Jerry Kriss McGowan

Heartland Realty & Auction, In License #360744 Listed on: 12/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,050

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 237x231x178x126
  • Property fronts a county road
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 6,227 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Living Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Parking Accessed On Kitchen Level
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Griffith Elementary School
  • Sequatchie Middle School
  • Sequatchie High School

Mobile Home

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 063 053.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,050

Year Built

Built in 1955 | Remodeled

Lot Details

1 Acres

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Lot Size: 237X231X178X126
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From Dunlap take Highway 28 south 1.91 miles. Turn Right onto Daus Community Center Road. then turn right onto W. Valley Road. Property is on the Left. Sign on Property
  • Above Grade Finished Sq Ft: 6227.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 6227.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1955
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 063 053.00
  • Location Tax and Legal Elementary School: Griffith Elementary School
  • Location Tax and Legal High School: Sequatchie High
  • Location Tax and Legal:Tax Annual Amount: 2050.38
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 6227.0
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 1.0
  • General Property Information Lot Size Square Feet2: 43560.0
  • General Property Information Lot Size Dimensions: 237X231X178X126
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Spa YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Attention investors: Opportunities like this don't come often in Dunlap. This 3-unit property features three oversized 3BR/1BA units totaling 6,227 SF on a paved 1-acre lot. One unit currently leased with two vacant units ready for immediate lease-up. Large 3-bedroom layouts are in strong demand, creating strong cash-flow potential once stabilized. Ideal for BRRRR, 1031 exchange, or buy-and-hold investors looking to increase NOI and build equity. With limited multifamily inventory in the area, this is a strategic addition to any rental portfolio.
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Sequatchie Middle
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Levels:One: Yes
  • Utilities:Water Available: Yes
  • Laundry Features Laundry Room: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • Road Frontage Type County Road: Yes
  • General Property Information Green Features YN2: No
  • Water Source:Well: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Unit 1 Furnished3: Negotiable
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Efficiency2: No
  • Unit 2 Furnished4: Negotiable
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: Yes
  • Unit 2 Microwave7: Yes
  • Unit 3 Efficiency3: No
  • Unit 3 Furnished5: Unfurnished
  • Unit 3 Den5: No
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: No
  • Unit 3 Microwave8: No
  • Unit 3 Washer Dryer Hookups3: Yes
  • Other Structures Mobile Home: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Private Spa: No
  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Pantry, Plumbed
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Pantry: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Foundation Details: Slab
  • Other Structures: Mobile Home
  • Patio And Porch Features: Covered, Deck
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Covered: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Kitchen Level, Parking Lot
  • General Property Information:Garage YN: No
  • Parking Features:Asphalt: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Available, Water Connected
  • Water Source: Well
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Griffith Elementary School
  • High School: Sequatchie High
  • Middle Or Junior School: Sequatchie Middle

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Additional Parcels: No
  • Parcel #: 063 053.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 28800.0

Tax Info

  • Tax Annual Amount: 2050.38

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,036 $110,880 $6,720 $104,160
2024 $2,050 $111,640 $7,480 $104,160
2023 $2,050 $111,640 $7,480 $104,160
2022 $1,934 $79,200 $5,080 $74,120
2021 $1,934 $79,200 $5,080 $74,120
2020 $1,934 $79,200 $5,080 $74,120
2019 $1,934 $79,200 $5,080 $74,120
2018 $498 $20,375 $3,175 $17,200
2017 $498 $20,375 $3,175 $17,200
2016 $512 $19,925 $3,050 $16,875
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2026 03/10/26 Price Changed $369,000 -2.6% $59 / Sq Ft
02/12/2026 02/12/26 Price Changed $379,000 -2.6% $61 / Sq Ft
12/12/2025 12/12/25 For Sale $389,000 +14.4% $62 / Sq Ft
02/15/2024 02/15/24 Sold $340,000 -11.2% $55 / Sq Ft View Prior Sale
11/29/2023 11/29/23 Off Market $383,000 -- --
08/31/2023 08/31/23 For Sale $383,000 -- $62 / Sq Ft
Source: Greater Chattanooga REALTORS®

Source: Greater Chattanooga REALTORS®

MLS Number: 1525179

Greater Chattanooga REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.