About This Home

This 25-bedroom, 22-bathroom residential multi family at 26 Nicole Lane in Ringgold, GA is listed for $1,800,000 ($137 per sqft). Built in 1980, the home offers 13,120 sqft of living space on a 5.00 acres lot.

Key Features

  • Built in 1980
  • 5.00 acre lot
  • 2 stories

Property Details

2 stories
20 full
1980

Amenities

A/C
Listing Description

Nicole Villas is a fully occupied multifamily property located at 26 Nicole Lane in Ringgold, Georgia. The community consists of a total of twenty residential units spread across five separate buildings, with four units in each building. Unit mix includes sixteen one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units.

The property sits on approximately five acres, offering a rare combination of scale, privacy, and future expansion potential, subject to zoning and approvals. Sixteen of the existing units have been updated, enhancing overall quality, tenant appeal, and long-term durability.

The remaining units provide an opportunity for continued improvements over time, allowing a new owner to further elevate the community while maintaining stable occupancy and income. Nicole Villas benefits from a strong tenant base and professional management, resulting in predictable operations and a well-maintained community.

The property is positioned as a stabilized, turnkey investment with limited near-term capital expenditure requirements. In addition to solid in-place performance, the expansive acreage offers meaningful long-term upside. The excess land provides flexibility for potential future unit additions or alternative development strategies, making this an especially compelling opportunity for investors seeking both stability and growth.

Nicole Villas represents a rare chance to acquire a stabilized multifamily asset with updated units, multiple buildings, land upside, and a clear path for continued value creation in the Ringgold market.

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

26 Nicole Lane

Ringgold, GA 30736

Property Details

Parking

On StreetDrivewayOff Street

Cooling

Central Air

Questions & Answers

This 25-bedroom, 22-bathroom residential multi family at 26 Nicole Lane is listed at $1,800,000 ($137/sqft). The estimated monthly payment is $9,627 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980, 5.00 acre lot, 2 stories.

This property is listed by Gregory Depasquale.

GD

Gregory Depasquale

License TN357488

Agent at Real Estate Partners Chattanooga LLC

Listed by Real Estate Partners Chattanooga LLC · Broker phone: (423) 265-0088 · View on Broker Site · Broker website

MLS# 1527308· Source: Greater Chattanooga Association of REALTORS· 280 days on PropertySimple

Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

26 Nicole Lane, Ringgold, GA 30736

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