# 916 Airport Road, Chattanooga, TN 37421

> **TL;DR:** 12bd/0ba residential multi family, $1,299,000 ($258/sqft), built 2026, 5,040 sqft.
> A/C. Est. $5,629/mo. Listed 56 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,299,000 |
| Price/sqft | $258 |
| Bedrooms | 12 |
| Square Feet | 5,040 |
| Year Built | 2026 |
| Lot Size | 26,136 sqft (0.60 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 56 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,629 |
| **Total** | **$5,629** |

## Nearby Schools

- **Elementary:** Bess T. Shepherd Elementary
- **Middle:** Tyner Middle Academy
- **High:** Tyner Academy

## Key Amenities

- A/C

## Property Highlights

- Built in 2026
- 0.60 acre lot

## Description

### Agent 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.

## Location

- **Address:** 916 Airport Road, Chattanooga, TN 37421
- **County:** Hamilton
- **Coordinates:** 35.030452, -85.194491
- **Google Maps:** https://www.google.com/maps?q=35.030452,-85.194491

## Listing Agent

- **Name:** Justin Hood
- **Brokerage:** Horizon Sotheby's International Realty
- **Phone:** 4045580107
- **Email:** justin.hood@horizonsothebysrealty.com

## Primary Photo

![916 Airport Road - Primary Photo](http://lh.rdcpix.com/73315f9e83363550dc3c778a46697423l-f350785752r.jpg)

*39 total photos available on [listing page](https://www.propertysimple.com/listing/916-airport-road-chattanooga-tn-37421-1528506)*

---

**MLS#:** 1528506 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/916-airport-road-chattanooga-tn-37421-1528506)

---

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