PROVEN INCOME PROPERTY. This solid income-producing asset is located just off of Bonny Oaks Dr., a major traffic artery with quick access to highways, Hamilton Mall, Hixson, Chickamauga Lake, Harrison Bay, and downtown Chattanooga. Always a quick-to-lease rental with a reliable income stream. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 5.1%. Updated electrical panel to be completed in June 2025. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal.
PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email.
NOTE RE ACCESS: Since this is an occupied rental property access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.
Sold for $200,000 on 08/01/25
$200,000
7632 Mallette Rd, Chattanooga, TN 37416
3beds
1,188sqft
Single Family Residence
Built in 1965
0.4 Acres Lot
$199,600 Zestimate®
$168/sqft
$1,651 Estimated rent
Home value
$199,600
$188,000 - $212,000
$1,651/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 07, 2025 at 06:40am
Listed by:
Philip H Lancaster 423-400-0101,
Rock Point Real Estate
Bought with:
Robin Garner, 345475
BHHS Southern Routes Realty
Source: Greater Chattanooga Realtors,MLS#: 1512005
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,188
- Total interior livable area: 1,188 sqft
- Finished area above ground: 1,188
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Off Street
- Carport spaces: 1
Features
- Exterior features: None
Lot
- Size: 0.40 Acres
- Dimensions: 90 x 195
Details
- Parcel number: 129n F 013
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Chattanooga
- Subdivision: Jenkins Charles E
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Sold | $200,000-12.7%$168/sqft |
Source: Greater Chattanooga Realtors #1512005 | ||
| 7/3/2025 | Contingent | $229,000$193/sqft |
Source: Greater Chattanooga Realtors #1512005 | ||
| 5/28/2025 | Price change | $229,000-9.1%$193/sqft |
Source: Greater Chattanooga Realtors #1512005 | ||
| 5/16/2025 | Price change | $252,000-3.1%$212/sqft |
Source: Greater Chattanooga Realtors #1512005 | ||
| 4/30/2025 | Listed for sale | $260,000+153.7%$219/sqft |
Source: Greater Chattanooga Realtors #1512005 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $620 | $27,725 |
| 2023 | $620 | $27,725 |
| 2022 | $620 | $27,725 |
Find assessor info on the county website
Neighborhood: 37416
Nearby schools
GreatSchools rating
- 5/10Bess T Shepherd Elementary SchoolGrades: K-5Distance: 1.7 mi
- 4/10Tyner Middle AcademyGrades: 6-8Distance: 1.2 mi
- 5/10Tyner AcademyGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Bess T. Shepherd Elementary
- Middle: Tyner Middle Academy
- High: Tyner Academy
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$199,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$199,600