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354 S Hemlock Dr, Whitwell, TN, 37397

2beds
1baths
728sqft
$489,000
$672price/sqft
$2,972/moest. monthly cost
$118,880/yrincome needed

About This Home

Prime Mixed-Use Investment Opportunity in Whitwell, TN -- Commercial Frontage + Dual Residential Income! Fully leased with long term tenants in place. Rare opportunity to own a versatile, income-producing property in a high-traffic, high-visibility commercial corridor in Whitwell! This unique offering combines commercial space, a spacious upstairs apartment, and a separate single-family residence -- perfect for investors, owner-occupants, or entrepreneurs looking for the ultimate live/work setup. Main Building -- Commercial + Residential Combo The ground floor offers prime commercial space with excellent street visibility, ideal for retail, office, or a variety of business uses. Upstairs, you'll find a beautifully appointed 2 bedroom, 2 bathroom apartment featuring: * Open living room and separate dining room * Well-equipped kitchen with stove, refrigerator, microwave, and dishwasher * Dedicated laundry room with included washer and dryer * Spacious walk-in closets throughout * Gorgeous hardwood flooring * Central heat and air for year-round comfort * Water heater included * Roof only 3 years old * Charming front and back porches Bonus Single-Family Residence -- ADU or Short-Term Rental Potential Adding even more value and income potential, the property also includes a separate 2 bedroom, 1 bathroom home featuring its own front and back porches, a private driveway, and a shingle roof that's just 3 years old. With its own separate entrance, this home functions beautifully as an accessory dwelling unit (ADU) -- ideal for multigenerational living, long-term rental income, or an Airbnb/short-term rental (buyer to verify local short-term rental regulations). Why This Property Stands Out * High-traffic commercial visibility for maximum business exposure * Multiple income streams from one property * Live/work flexibility -- run your business and live upstairs * ADU potential for rental income, multigenerational living, or Airbnb * Turnkey investment with strong rental history potential * 1-Year Home Warranty included for buyer peace of mind Whether you're an investor seeking multi-unit cash flow, an entrepreneur wanting to live where you work, or someone looking to expand a rental portfolio with a built-in short-term rental option, this Whitwell property checks every box. Opportunities like this -- combining commercial exposure with dual residential income and Airbnb flexibility -- don't come along often. Schedule your showing today and see the potential for yourself!

Getting Around

41
WalkingCar-Dependent
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

6/10
8/10
Whitwell Middle SchoolGrades 5-81.5 mi
6/10
Whitwell High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1956

Materials

  • Foundation: Slab
  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Dryer,Oven,Other,Refrigerator,Washer,Water Heater
  • Laundry features: Electric Dryer Hookup,Inside,In Unit,Washer Hookup

Basement

  • Basement: Crawl Space

Bathroom

  • Level: First

Bedroom

  • Level: First

Bedroom

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Vinyl Frames
  • Flooring: Tile,Vinyl,Wood
  • Finished area above ground: 728

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 728
  • Total interior livable area: 728 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 050b D 009.00
  • Special condition: Investor

Features

  • Levels: One
  • Patio & porch: Deck,Front Porch,Porch
  • Exterior features: Private Yard,Rain Gutters,Storage
  • Fencing: None

Lot

  • Lot size: 0.56 Acres
  • Features: Back Yard,Front Yard,Level
  • Lot size dimensions: 85 x 165

Parking

  • Parking features: Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Inland Flooding
Winter Weather
Ice Storm
Landslide
Lightning
Wildfire

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,472$29,664
Home Insurance $167$2,004
Property Taxes $158$1,896
Electricity $175$2,103
Total$2,972$35,664

Income You'd Need if You Spent...

35% on housing$101,897/yr
40% on housing$89,160/yr
45% on housing$79,253/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$672This listing

vs Other Active Listings

Avg $/sqft

ZIP 37397$179
Marion County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 37397
Marion County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Listed for sale$489,000

For Sale by Agent

AgentDiana Davies
BrokerageReal Estate Partners Chattanooga LLC

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