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5 Franklin Place Chattanooga, TN $ 185,000
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$ 185,000 Get more info
5 Franklin Place
$ 185,000
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5 Franklin Place

Chattanooga, TN, 37412
$ 185,000
Baths0.0 Sq 2,724

Monthly Estimate*

$ 1,139

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Studio

Multi-Family Home for sale in Chattanooga, TN

for $185,000. This 2,724 square foot home was built on a lot size of 0.21.

Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE. The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a 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 contingent on the buyer touring the property and approving the property.

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Multi-Family Active

Price

$ 185,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,263

Style

Triplex

Lot Size

0.21

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1528731
Features
General
Sewer Public Sewer
Heating Electric
Cooling Multi Units Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Metal
Appliances Water Heater Washer/Dryer Refrigerator Free-Standing Refrigerator Electric Range Dishwasher
Patio/Porch Features Deck Patio
Construction Materials Aluminum Siding Other
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 Units Acres
Lot Size Square Feet 9135.0
Carport Spaces 3.0
Carport Y/N Y
Listing Terms Cash
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
Property Condition Fixer
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
Structure Type Triplex
Standard Status Active
Occupancy Type Tenant
Legal Description LT H BLK 13 WILSON HEWITT ETAL PB Q 25 PG655
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Exterior
Parking Features Driveway Off Street
Lot Features Sloped Split Possible
Water Source Public
Lot Size Area 0.21
Spa N
Building Area Total 2724.0
Lot Dimensions 72.5X126
Lot Size Acres 0.21
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Common Area
Total Baths 0
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Real Estate Partners Chattanooga Llc

Broker

Dustin@thedustinmullinsteam.com

Email

Affordability Calculator

$1,244
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,139
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
2/18/2026$185,000 Listed Price

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5 Franklin Place, Chattanooga, TN, 37412 is a Multi-Family Home for sale at $185,000 with 2,724 sqft and a lot size of 0.21. 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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