405 Chickamauga Dr
Description
originally built in 2021 as a hotel has been converted to workforce housing and has maintained high occupancy since conversion. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. The sale price includes all construction...Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property,
originally built in 2021 as a hotel has been converted to workforce housing and has maintained high occupancy since conversion. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. The sale price includes all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If
desired, plans can be modified to include more units and/or garages.
- Listed by Heidi Adams • NAI Koella l RM Moore
Amenities
- Garage
- Laundry in Building
- Private Outdoor Space
Property Details for 405 Chickamauga Drive
| Status | Active |
|---|---|
| MLS # | 1334630 |
| Days on Market | 51 |
| Taxes | $26,884 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 2021 |
| Lot Size | - |
| County | Rhea County |
Location
Building Information for 405 Chickamauga Drive
Payment Calculator
$22,073 per month
30 year fixed, 6.36% Interest
$19,833
$2,240
$0
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1Property Information for 405 Chickamauga Drive
- City: Dayton
- County Or Parish: Rhea County - 42
- Directions: Chickamauga Dr
- Latitude: 35.492323
- Longitude: -85.007477
- MLS Area Major: Rhea County - 42
- MLS Area Minor: Rhea County - 42
- Postal Code: 37321
- State Or Province: TN
- Location Tax Legal Info Area: Rhea County - 42
- Remarks Misc Directions: Chickamauga Dr
- Attached Garage: No
- Parking Features: Other
- General Property Description Driveway: Waterfront
- Garage Parking Other: True
- High School: Rhea County
- Location Tax Legal Info High School: Rhea County
- Association Fee: 0.0
- Parcel Number: 090P C 00700 000
- Association Fee Incl Other: True
- Location Tax Legal Info Total Tax: 26883.89
- Virtual Tours Count: 0
- Building Area Source: Owner
- Year Built: 2021
- Building Area Total: 22528.0
- Living Area Source: Owner
- Lot Size Dimensions: IRR
- General Property Description SqFt - Source: Owner
- General Property Description Lot Dimensions: IRR
- Possession: At Closing
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
- General Property Description UtilitiesMo Avg: 1850.0
- Fuel Other Fuel: True
- Misc Features Internet Available: True
- Miscellaneous TV Cable Available: True
- Miscellaneous Utility Room: True
- Construction Materials: Other
- Siding Other: True
- Misc Features Other: True
- Miscellaneous Club House: True
- Miscellaneous Coin Laundry: True
- Miscellaneous Security System: True
- Cooling: Other
- Bathrooms Total Integer: 0
- Cooling Details: Yes
- Kitchen Appliances: Other
- Heating Details: Other
- Flooring: Other
- Heating: Yes
- Cooling Other: True
- Floors Other: True
- Heat - Other: True
- Appliances Other: True
- Other Rooms Other: True
- Roof Other: True
- Gross Income: $463,429.00
- Net Operating Income: $290,839.00
- OperatingExpense: $172,589.00
- Number Of Units Total: 31
- Type of Units Efficiency Unit: True
- Type of Units 2 Bedroom Unit: True
- Type of Units Furnished: True
- Income Expenses Gross Annual Income: 463429.0
- Income Expenses Annual Oper Expenses: 172589.0
- Tenant Expenses Cooling: Other
- Tenant Expenses Heating: Other
- Tenant Expenses Other: True
Property History for 405 Chickamauga Drive
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 30, 2026 | Listed (Active) KAARMLS #1334630 | $3,980,000 | — |
| Sep 5, 2024 | Temporarily Off Market KAARMLS #1262506 | — | |
| May 10, 2024 | Listed (Active) KAARMLS #1262506 | $3,200,000 | — |
| Dec 31, 2023 | Expired REALTRACS #2501705 | $4,500,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/30/2026 | Listed (Active) KAARMLS #1334630 | $3,980,000 |
| 09/05/2024 | Temporarily Off Market KAARMLS #1262506 | — |
| 05/10/2024 | Listed (Active) KAARMLS #1262506 | $3,200,000 |
| 12/31/2023 | Expired REALTRACS #2501705 | $4,500,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 405 Chickamauga Drive
Schools near 405 Chickamauga Drive
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Private - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Dayton City Elementary School PublicPK to 8 | ||
Rhea County Academy PrivatePK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of NAI Koella l RM Moore, Heidi Adams
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 03/30/2026 11:09 AM