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407 Colville St Chattanooga, TN $ 585,000
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$ 585,000 Get more info
407 Colville St
$ 585,000
Back to search
Share Save

407 Colville St

Chattanooga, TN, 37405
$ 585,000
Bedrooms5 Baths3.0 Sq 2,174

Monthly Estimate*

$ 3,650

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Multi-Family Home for sale in Chattanooga, TN

for $585,000 with 5 bedrooms and 3 full baths. This 2,174 square foot home was built in 1920.

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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Multi-Family Active

Price

$ 585,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,233

Style

Triplex

Year Built

1920

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

3013802
Features
General
Living Area 2174
Sewer Public Sewer
Heating Central Other
Cooling Central Air Electric
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Metal
Zoning RN-3
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1920
Tenant Pays Electricity Trash Collection Water
Stories Count 2
Levels Two
Gross Income 45600
County Hamilton County TN
Net Operating Income 36100
Operating Expense 9500
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Colvilles Addn
Garage Y/N N
Rent Includes None
Status Active
Buyer Financing Conventional
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
Open Parking Spaces 5
Number Of Units Total 3
Lot Size Units Acres
Carport Spaces 0
Carport Y/N N
Elementary School Normal Park Museum Magnet School
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 6233
Middle/Junior High School Normal Park Museum Magnet School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 3800
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Interior
Flooring Wood Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2174
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Appraiser
Above Grade Finished Area Source Appraiser
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Alley Access On Street Unpaved
Water Source Public
Total Parking 5
Inclusions Appliances
Building Area Total 2174
Lot Dimensions 50X137.4
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Homesmart

Broker

rnichols@hsmove.com

Email

Affordability Calculator

$4,169
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,650
Monthly Property Taxes
$519
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
4889128 Elementary School
4889130 Middle School
Red Bank High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/5/2025$585,000 -1.68% Price Down
10/9/2025$595,000 Listed Price

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407 Colville St, Chattanooga, TN, 37405 is a Multi-Family Home for sale at $585,000 with 2,174 sqft. 407 Colville St has 5 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 37405 which is in Chattanooga, TN

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