Welcome to 5 Franklin Pl, Chattanooga, TN 37411—an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer.
For sale
$190,000
5 Franklin Pl, Chattanooga, TN 37412
3beds
908sqft
Est.:
Triplex
Built in 1930
-- sqft lot
$-- Zestimate®
$209/sqft
$-- HOA
What's special
Durable metal roof
- 180 days
- on Zillow |
- 313 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: March 16, 2025 at 07:06am
Listed by:
Robert J Fitzgerald 310-430-0076,
Crye-Leike, REALTORS 423-870-5202
Source: Greater Chattanooga Realtors,MLS#: 1507159
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric
Cooling
- Multi Units, Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Basement: Cellar
- Has fireplace: No
Interior area
- Total structure area: 908
- Total interior livable area: 908 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
Lot
- Size: 9,135 Square Feet
- Dimensions: 72.5 x 126
- Features: Split Possible
Details
- Parcel number: 156m A 006
- Special conditions: Investor
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Aluminum Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: Hewitt Wilson Etal
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $209/sqft
- Tax assessed value: $117,400
- Annual tax amount: $1,263
- Date on market: 2/10/2025
- Listing terms: Cash,Conventional
- Tenant pays: None
- Loading
- Loading