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203 Flora Circle

Chattanooga, TN 37415

– beds
– baths
1,716 sqft
$208 per sqft
1956 build
– on site

*Two Homes on One Lot in the Heart of Red Bank* Investor Opportunity - Please Do Not Disturb Tenants Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house). The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones. Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal. Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential. With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank. Don't miss out on this exceptional investment opportunity. *Information is deemed reliable but buyer is responsible for due diligence.*

Listing courtesy of REALTRACS / Re/Max Renaissance

Last checked: Checking… • Last updated Apr 11, 2025 •

MLS# 2815414 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1956
Year Built Details:

EXIST
New Construction:

false
Levels:

Three Or More
# of Units Total:

2
Building Area Units:

Square Feet
Building Area Total:

1716
Building Area Source:

Assessor
Above Grade Finished Area Units:

Square Feet
Above Grade Finished Area Source:

Assessor
Below Grade Finished Area Source:

Assessor
Below Grade Finished Area Units:

Square Feet

Interior

Fireplace:

false

Room Dimensions

Living Area:

1716
Living Area Units:

Square Feet
Living Area Source:

Assessor

Location

Directions:

Continue on Hixson Pike. Take Lupton Dr to Oakwood Ave in Red Bank Continue on Oakwood Ave. Drive to Flora Cir Turn right onto Oakwood Ave Turn right onto Flora Cir Houses will be on the right
Latitude:

35.101529
Longitude:

-85.302853

The Property

Parcel Number:

117L K 025
Property Type:

Residential Income
Lot Size Dimensions:

155X195
Lot Size Units:

Acres
View:

false
Property Attached:

false

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

1969

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

false
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Water Available
Sewer:

Septic Tank
Water Source:

Public

Schools

Elementary School:

Red Bank Elementary School
Middle Or Junior School:

Red Bank Middle School
High School:

Red Bank High School

The Community

Subdivision Name:

Sherrill Oakwood
Waterfront:

false
Pool Private:

false
Association:

false

Parking

Parking Features:

Detached, Driveway
Garage:

false
Attached Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/9/25 Apr 9, 2025	Listed / Active	REALTRACS	$357,000
4/8/25 Apr 8, 2025	Coming Soon	REALTRACS	$357,000

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This multifamily located in Red Bank, TN 37415 is currently for sale for $357,000. 203 Flora Circle is a 1,716 square foot multifamily with – beds and – baths that has been on Estately for 7 days. This multifamily is in the attendance area of Red Bank Middle School, Red Bank Elementary School, and Red Bank High School.

Listing Courtesy of: REALTRACS and Re/Max Renaissance.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Estately are marked with the REALTRACS IDX Logo. REALTRACS and Estately deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and Estately assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.