$585,000

407 Colville St, Chattanooga, TN 37405

2,174 sqft

Multi-Family Home
Built in 1920
—— sqft lot
—— car garage
$269/sqft
Listed 2 months ago

Property Description

Instant equity! Priced below appraised value! Amazing opportunity to own income producing property in the heart of Chattanooga's Northshore. 3 bedroom/1 bath unit on main rented at $1700 thru 12/19/2027. 1 bedroom/1 bath unit rented at $1150 thru 2/28/2026, efficiency rented at $950 thru 4/30/2026. 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.

Listing Status:: Active
Date Added:: October 9, 2025 at 05:00AM
Listing Office:: HomeSmart : 4704286637
Listing Agent:: Reena Nichols : 4704286637
MLS ID:: 3013802

Laundry: IndividualElectric Dryer HookupWasher Hookup
Flooring: WoodLaminate
A/C: Central AirElectric
Heating: CentralOther

Parking: Alley AccessOn StreetUnpavedParking spaces: 5

Roofing: Metal
General: Two

Originating MLS: realtrac
County: Hamilton CountyTN

Zoning: RN-3135D J 024

Utilities: Electricity AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: realtrac

This listing courtesy of Reena Nichols, HomeSmart

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Normal Park Museum Magnet School

1219 W Mississippi Ave, Chattanooga, TN, 37405

Grades PK-8

0.50 miles away

Normal Park Museum Magnet School

1219 W Mississippi Ave, Chattanooga, TN, 37405

Grades PK-8

0.50 miles away

Chatt High Center for Creative Arts

1301 Dallas Rd, Chattanooga, TN, 37405

Grades 6-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.