407 Colville Street Chattanooga, TN $ 585,000
407 Colville Street
$ 585,000
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407 Colville Street

Chattanooga, TN, 37405
$ 585,000
Baths0.0 Sq 2,218
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Studio

Property for Rent in Chattanooga, TN

for $585,000. This 2,218 square foot property was built on a lot size of 0.16.

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.

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Rental Active

Price

$ 585,000

Bedrooms

Studio

Taxes

$ 6,232

Style

Multi Family,Triplex

Lot Size

0.16

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1521911

Features
Interior
Interior Amenities Eat-in Kitchen Laminate Counters Primary Downstairs Storage Tub/shower Combo
Flooring Hardwood Laminate Luxury Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Blinds Drapes Insulated Windows
Fireplace Y/N N
Above Grade Finished Area 2174.0
Laundry Features In Kitchen Multiple Locations
Total Baths 0
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General
Sewer Public Sewer
Heating Central Electric Separate Meters
Cooling Ceiling Fan(s) Central Air Varies by Unit
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Metal
Appliances Washer/Dryer Washer Stainless Steel Appliance(s) Refrigerator Microwave Free-Standing Refrigerator Free-Standing Range Electric Range Electric Oven Dryer Dishwasher
Patio/Porch Features Covered Deck Front Porch Porch - Covered
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Block Concrete Vinyl Siding
Pets Allowed No
Year Built 1920
Tenant Pays All Utilities Cable TV Electricity Hot Water Sewer Telephone Water
Stories Count 2
Levels Two
Property Subtype Multi Family
Community Features None
County Hamilton
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Colvilles Addn
Garage Y/N N
Other Structures None
Status Active
Directions From Market St/8 and Frazier Ave go East on Frazier Ave and turn L (North) on Forest Ave. Travel approx. 1/2 a mile to R (East) on Colville. The property is on your left.
High School Red Bank High School
City Chattanooga
Senior Community Y/N N
Number Of Units Total 3
MLS Area Chattanooga
Lot Size Units Acres
Lot Size Square Feet 6869.41
Carport Y/N N
Listing Terms Cash Conventional
Spa Features None
Elementary School Normal Park Elementary
Land Lease Y/N N
Tax Annual Amount 6232.81
Home Warranty Y/N N
Middle/Junior High School Normal Park Upper
Property Condition Updated/Remodeled
Lease Renewal Y/N N
MLS Area Minor Chattanooga
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family Triplex
Standard Status Active
Occupancy Type Tenant
Legal Description LOT 2 COLVILLES ADDN N/R
Year Built Effective 2005
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Exterior
Exterior Amenities Private Entrance
Fencing Chain Link Wood
Parking Features Off Street On Street
Lot Features Back Yard Front Yard Level Open Lot Private
Water Source Public
Inclusions Washer and Dryer in units A and C.
Lot Size Area 0.16
Foundation Details Block
Spa N
Building Area Total 2218.0
Lot Dimensions 50X137.4
Lot Size Acres 0.16
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street Interstate Access Within 5 Miles
Other Equipment None
Crops Included Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Homesmart

Broker

rnichols@hsmove.com

Email

Nearby
1547647 Elementary School
1547585 Middle School
Red Bank High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$585,000 -1.68% Price Down
10/8/2025$595,000 Listed Price

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407 Colville Street, Chattanooga, TN, 37405 is a Property for Rent at $585,000 with 2,218 sqft and a lot size of 0.16. 407 Colville Street is a studio with 0.0 baths. The property's zip code is 37405 which is in Chattanooga, TN