BEDS0
BATHS
SQUARE FEET2,218
MLS#1521911
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONColvilles Addn
NEIGHBORHOODChattanooga
Property Description
Amazing income producing triplex in the heart of Chattanooga's Northshore. Main floor is occupied with a 3 bedroom/1 bath unit on main rented for 2 years from Dec 2025 to Dec 2027 at $1700 per month. Unit B is accessed from the front lower level. Outside door is open with stairs to Unit B which is a 1 bedroom 1 bath unit. This unit is available to lease at $1250. Unit C is an efficiency accessed from the upstairs deck at the back of the property. This unit has been rented at $850 from Jan 2026 to Jan 2027. This prime location is across from a community park with playground and tennis, and is in close proximity to Walnut Street bridge, boutiques, dining, grocery and entertainment. Set in a lovely neighborhood, in a good school district, with sidewalks and mature landscaping, just across from tennis and a playground, this location can not be beat! Selling as part of a 1031 exchange, with existing tenants. Recent updates include: 1. Sewer line replaced from house to street (2024), 2. Updated breaker box from tube to modern breakers (2024), 3. Added minisplit to Apartment C (2024), 4. Renovated kitchenette in Apartment C (2024), 5. Updated refrigerator, oven/stove in Apartment A and added built-in microwave (2024), 6. Rebuilt exterior staircase for Apartment C (2024) 7. Added a programmable thermostat in Apt B and a smart thermostat in Apt A. (2024) 8. New range/oven for Apt A (Feb 2026)
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s), Varies by Unit
Fuel Type: Electric
Heating: Central, Electric, Separate Meters, Varies by Unit
Lot Size: 0.16 Acres
Taxes: $6,232
Year Built: 1920
Units
Unit Type 1:
Bedrooms: 3
Bathroom(s): 1.0
Rent: $1700.00
Square Footage: 1160
Unit Type 2:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $1250.00
Square Footage: 623
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $850.00
Square Footage: 391
Feature Descriptions
Appliances: Dryer, Electric Oven, Electric Range, Free-Standing Refrigerator, Free-Standing Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer
Common Amenities: None
Days on Site: 192
Exterior: Block, Concrete, Vinyl Siding
Exterior Amenities: Private Entrance
Flooring: Hardwood, Laminate, Luxury Vinyl
Interior Amenities: Tub/shower Combo, Eat-in Kitchen, Laminate Counters, Primary Downstairs, Storage
Laundry: In Kitchen, Multiple Locations
Lot: Back Yard, Front Yard, Level, Open Lot, Private
Lot Dimensions: 50X137.4
Parcel #: 135d J 024
Parking: Off Street, On Street
Patio/Porch: Covered, Deck, Front Porch, Porch - Covered
Tenant Pays: All Utilities, Cable TV, Electricity, Hot Water, Sewer, Telephone, Water
Utilities: Electricity Connected, Sewer Connected, Water Connected
Windows: Blinds, Drapes, Insulated Windows
Local Schools
High School: Red Bank High School
Middle School: Normal Park Upper
Elementary School: Normal Park Elementary
Listed By / Shown By
Listed By
Agency Name: Homesmart
Agency Phone: 404-876-4901
Shown By
Agent Name: John Loveless
Agent Phone: (423) 506-8614
Agency Title: Crye-Leike Real Estate Services
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 1,976.81 per month $1,288.60 Principal & Interest $519.33 Property Tax $168.88 Homeowner's InsuranceChange Payment Information
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407 Colville Street | MLS# 1521911
This multi-family property located at 407 Colville Street, Chattanooga, TN 37405 is currently listed for sale with an asking price of $579,000. Search Chattanooga real estate on www.johnloveless.com today.