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5 Franklin Place Chattanooga, TN $ 190,000
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$ 190,000 Get more info
5 Franklin Place
$ 190,000
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5 Franklin Place

Chattanooga, TN, 37412
$ 190,000
Baths0.0 Sq 908

Monthly Estimate*

$ 1,170

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Studio

Multi-Family Home for sale in Chattanooga, TN

for $190,000. This home is 908 square feet.

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.

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Multi-Family Active

Price

$ 190,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,263

Style

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1507159
Features
General
Sewer Public Sewer
Heating Electric
Cooling Multi Units Window Unit(s)
Utilities Sewer Connected
Possession Close Of Escrow
Roof Metal
Patio/Porch Features Deck Patio
Construction Materials Aluminum Siding
Year Built 1930
Tenant Pays None
Stories Count 1
Levels One
Property Subtype Triplex
County Hamilton
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Hewitt Wilson Etal
Garage Y/N N
Status Active
Directions From I-24 W take exit 184 toward Moore Rd. Merge onto North Terrace. Turn left onto S Germantown Rd. Turn right onto Cathy Ln. Turn left onto Donaldson Rd. Continue straight onto Poindexter Ave. Turn
High School East Ridge High
City Chattanooga
Senior Community Y/N N
Number Of Units Total 3
MLS Area East Ridge
Lot Size Square Feet 0.0
Carport Spaces 1.0
Carport Y/N Y
Listing Terms Cash Conventional
Elementary School East Ridge Elementary
Land Lease Y/N N
Tax Annual Amount 1263.52
Home Warranty Y/N N
Current Financing None
Middle/Junior High School East Ridge Middle
Lease Renewal Y/N N
MLS Area Minor East Ridge
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Legal Description Lt H Blk 13 Wilson Hewitt Etal Pb Q 25 Pg655
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Interior
Basement Cellar
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Common Area
Total Baths 0
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Exterior
Parking Features Off Street
Lot Features Split Possible
Water Source Public
Lot Size Area 0.0
Spa N
Building Area Total 908.0
Lot Dimensions 72.5X126
Lot Size Acres 0.0
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Crye-Leike, Realtors

Broker

robertfitzgerald914@gmail.com

Email

Affordability Calculator

$1,275
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,170
Monthly Property Taxes
$105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1547788 Elementary School
1547832 Middle School
East Ridge High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/10/2025$190,000 Listed Price

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5 Franklin Place, Chattanooga, TN, 37412 is a Multi-Family Home for sale at $190,000 with 908 sqft. 5 Franklin Place is a studio with 0.0 baths. The property's zip code is 37412 which is in Chattanooga, TN

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