506 Hargraves Avenue, Chattanooga, TN 37411

• 4 beds |
• 3 baths |
• 1,378 sqft

Property Description

Fully occupied duplex generating $1,900/month in rental income. Each unit features 2 bedrooms, 1 bath, and washer/dryer hookups. Strong cash-flow potential with stable tenants already in place. Ideal opportunity for investors seeking immediate income-producing property in a growing Chattanooga market. Property has been meticulously maintained with little to no deferred maintenance. Central HVAC installed 2019 as well as several new vinyl windows and new carpet in 2019. Property sits on a level lot on a quiet street with a shared fenced in back yard. Both sides are occupied at $950/month each with leases in place and long time tenants. *Do not disturb Tenants* *will show only w/ LOI or Bound Sale Agreement)

Listing Status:

Active

Date Added:

April 22, 2026

Data Last Updated:

May 9, 2026 at 7:36PM

Listing Office:

Real Estate Partners Chattanooga LLC : 423-362-8333

MLS ID:

1533085

Interior

• General: Tub/shower ComboCeiling Fan(s)Entrance FoyerPantry
• Appliances: Electric RangeFree-Standing Refrigerator
• Laundry: InsideIn Kitchen
• Basement: Crawl Space
• Flooring: CarpetTileVinyl
• A/C: Central Air
• Heating: CentralElectric

Exterior

• General: None
• Style: Contemporary
• Pool: None
• Parking: ConcreteDrivewayGravelOff StreetOther

Construction

• Roofing: AsphaltShingle
• Windows: Insulated Windows
• General: OtherOneBlock

Location

• Road/Access: City Street
• Golf: None
• Originating MLS: Greater Chattanooga REALTORS®
• County: Hamilton

Lot

• Zoning: LT 60 & PT LT 56 SHAWNEE PARK PB16 PG27 0067 05 10147o Q 020
• Fencing: Back YardFenced

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Greater Chattanooga REALTORS®