26 Dolphin Lane
For sale26 Dolphin Lane, Ringgold, GA 30736
Property type
Multifamily
Unit / Space count
17
Price
Subject To Offer
Building size
15,300 sf
Rentable area
15,300 SF
Year built
1973
Year renovated
Occupancy
Zoning code
Lot size
4.55 Acres
Bedroom count
Property description
Franklin Street is pleased to present 26 Dolphin Lane, a 17-unit cottage-style multifamily community in Ringgold, Georgia, the county seat of Catoosa County. Built in 1973, the property comprises seven duplex buildings and one triplex, positioned approximately 1 mile from Interstate 75 at Exit 345 and 15 miles southeast of downtown Chattanooga, with Interstate 24 connectivity via I-75 north. The property features an entirely two-bedroom / one-bathroom unit mix with an average unit size of approximately 900 square feet. Thirteen of the seventeen units have been renovated with LVP flooring, fresh paint, and updated trim. 26 Dolphin Lane sits within commuting reach of the Chattanooga MSA’s largest employers at a rent level below what comparable Tennessee-side product commands. The metro’s employer base includes BlueCross BlueShield of Tennessee, Erlanger Health System, Volkswagen Chattanooga, CHI Memorial, TVA, McKee Foods, and Amazon, spanning healthcare, manufacturing, finance, and logistics. The MSA reached 588,050 residents in 2024, up from 562,647 in the 2020 Census, with more than 266,000 millennials aged 25 and older within an hour of downtown. The University of Tennessee at Chattanooga, with approximately 11,800 students, sits approximately 23 minutes north and serves as an additional educational and employment anchor for the region. Closer to home, Cloud Springs I-75 Park, a $100 million, 1.13 million-square-foot Class A industrial development in Catoosa County, is actively marketing to advanced manufacturing and technology tenants expected to bring more than 700 direct jobs to a county where over 80% of the workforce currently commutes out. Overall, 26 Dolphin Lane presents the opportunity to acquire a partially renovated multifamily asset positioned within the growing Chattanooga MSA corridor. The combination of below-market rental positioning relative to nearby Tennessee product, continued regional population and employment growth, and remaining renovation upside supports the property’s long-term operational stability and investment potential.