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Tomorrow Building at Somer Station 110 Somerville Ave 22 Unit Apartment Building $13,900,000 ($631,818/Unit) 7.13% Cap Rate Chattanooga, TN 37405

Apartment Buildings Tennessee Chattanooga 110 Somerville Ave, Chattanooga, TN 37405

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EXECUTIVE SUMMARY

An award-winning, top-producing brokerage firm located in Chattanooga, Tennessee, with a proven history of closing sales across the Southeast, SVN|Second Story is pleased to exclusively offer the sale of this asset with Society of Work, Tomorrow Building, and Empire Homes. The Premises is NNN leased to these tenants on long term leases. The asset is well-positioned in the vibrant Northshore neighborhood in downtown Chattanooga, TN.

ATTACHMENTS

SVN_110 Somerville OM

PROPERTY FACTS

Price $13,900,000 Apartment Style Mid-Rise
Price Per Unit $631,818 Building Class B
Sale Type Investment Lot Size 1.58 AC
Cap Rate 7.13% Building Size 53,087 SF
No. Units 22 No. Stories 4
Property Type Multifamily Year Built 2023
Property Subtype
Apartment
  • Office Office Residential
Zoning M1
Price $13,900,000
Price Per Unit $631,818
Sale Type Investment
Cap Rate 7.13%
No. Units 22
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 1.58 AC
Building Size 53,087 SF
No. Stories 4
Year Built 2023
Zoning M1

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Gameroom
  • Community-Wide WiFi
  • Lounge
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 135F-F-008 Improvements Assessment $0
Land Assessment $0 Total Assessment $2,059,000

PROPERTY TAXES

Parcel Number
135F-F-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,059,000
(615) 714-6378

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 35415792

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: 110 Somerville Ave, Chattanooga, TN 37405

More public record information on 110 Somerville Ave, Chattanooga, TN 37405

The North Chattanooga-Hill City-UTC Multifamily Property at 110 Somerville Ave, Chattanooga, TN 37405 is currently available. Contact SVN | Second Story Real Estate Management for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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Tomorrow Building at Somer Station | 110 Somerville Ave
(615) 714-6378 x

Tomorrow Building at Somer Station | 110 Somerville Ave

Kelly Fitzgerald
(615) 714-6378

Chandler Hale
(865) 804-8351

Tanya Jesunas
(770) 653-4356

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