916 Airport Road, Chattanooga, TN 37421

• 5,040 sqft

Property Description

Brand new 2026 construction six-unit apartment complex located in Chattanooga's high-demand Airport corridor, currently in active lease-up with projected stabilization within 90 days at approximately $120,000 gross annual income. This stabilized-ready asset features a clean, modern aesthetic with architectural shingle roofing, low-maintenance vinyl siding, full concrete parking, and updated interiors with stainless steel appliances in every unit, offering minimal to zero deferred maintenance for years to come. All units are single-level, providing convenient one-level living with strong accessibility appeal. Utilities are separately metered for electric and water, each unit has individual trash can service, and high-speed internet is available, creating efficient operations and meeting modern tenant expectations. The parcel appears to be located within a Community Reinvestment Act (CRA) eligible lending area, which may provide favorable financing considerations through participating lenders. The unit mix includes two end units projected at $1,800 per month and four interior units projected at $1,600 per month. Projected NOI is approximately $84,000 based on a conservative 70% expense ratio, reflecting an estimated 6.5% cap rate at current pricing assumptions. Professional property management is in place and overseeing lease-up, allowing a new owner to step into a turnkey investment with minimal operational friction. Located minutes from Chattanooga Metropolitan Airport, I-75 and Highway 153, and surrounded by major retail including Hamilton Place and national brands such as Target, Publix, Chick-fil-A, and Starbucks, along with major employers including Volkswagen Chattanooga Assembly Plant and Amazon. Rare small-format new construction multifamily opportunity in one of Chattanooga's most convenient and growth-oriented corridors. Buyer responsible to verify all information deemed important.

Listing Status:

Active

Date Added:

February 13, 2026

Data Last Updated:

February 15, 2026 at 12:36PM

Listing Office:

Horizon Sotheby's International Realty : 423-756-9999

MLS ID:

1528506

Interior

• A/C: Central Air

Exterior

• Parking: Concrete

Location

• Originating MLS: Greater Chattanooga REALTORS®
• County: Hamilton

Lot

• Zoning: Nw 1/4 Sec 16 Twp 2 R-3148p E 013

Utilities

• Utilities: Electricity Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Greater Chattanooga REALTORS®