1511 S Greenwood Avenue Chattanooga, TN $ 399,900
1511 S Greenwood Avenue
$ 399,900
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1511 S Greenwood Avenue

Chattanooga, TN, 37404
$ 399,900
Bedrooms8 Baths4.0 Sq 2,936

Monthly Estimate*

$ 2,525

1511 S Greenwood Avenue, Chattanooga, TN 37404 - Image 1
1511 S Greenwood Avenue, Chattanooga, TN 37404 - Image 2
1511 S Greenwood Avenue, Chattanooga, TN 37404 - Image 3
1511 S Greenwood Avenue, Chattanooga, TN 37404 - Image 4
1511 S Greenwood Avenue, Chattanooga, TN 37404 - Image 5

Multi-Family Home for sale in Chattanooga, TN

for $399,900 with 8 bedrooms and 4 full baths. This 2,936 square foot home was built on a lot size of 0.18.

Investment opportunity in Chattanooga's Southside featuring two duplexes with a total of four income-producing units. Located just off Main Street, the properties are positioned in one of Chattanooga's most active urban neighborhoods, with convenient access to Downtown and the restaurants, shops, entertainment, and businesses throughout the Southside. Each unit currently rents for $900 per month, providing a combined rental income of $3,600 per month, or $43,200 annually at current rents. With four separate units across two duplexes, the property offers an established income stream while giving an investor flexibility for future rental strategies and improvements. The combination of existing rental income and a location just off the Main Street corridor makes this an attractive opportunity for an investor looking to add multifamily property in the Southside Chattanooga area. Owner/Agent.

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Multi-Family Active

Price

$ 399,900

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 4,399

Style

Duplex,Multi Family

Lot Size

0.18

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1540013

Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric Wall Unit(s)
Utilities Cable Available Electricity Connected Phone Available Sewer Connected Water Connected
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Roof Shingle
Appliances Refrigerator Free-Standing Electric Range Electric Water Heater Electric Oven
Patio/Porch Features Porch
Year Built 1920
Tenant Pays All Utilities
Stories Count 1
Levels One
Property Subtype Duplex
County Hamilton
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Stone & Evans
Garage Y/N N
Status Active
High School Howard School of Academics & Tech
City Chattanooga
Senior Community Y/N N
Number Of Units Total 4
MLS Area Chattanooga
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N N
Listing Terms Conventional Special Funding
Elementary School Eastside Elementary
Land Lease Y/N N
Tax Annual Amount 4399.46
Home Warranty Y/N N
Current Financing Private
Middle/Junior High School Orchard Knob Middle
Property Condition Fixer 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 Duplex Multi Family
Standard Status Active
Legal Description Pt Lts 17&18 Stone & Evans Pb6 Pg13 Res Used As Duplex & Pt Lts 17&18 Stone
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Interior
Basement Crawl Space
Flooring Carpet Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Electric Dryer Hookup Main Level Multiple Locations Washer Hookup
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Private Yard
Fencing Chain Link Wood
Parking Features Gravel Off Street
Lot Features Rectangular Lot
Water Source Public
Lot Size Area 0.18
Foundation Details Block
Spa N
Building Area Total 2936.0
Lot Dimensions 38X100
Lot Size Acres 0.18
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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 1511
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* Excluded Features
List By
Keller Williams Realty

Broker

liampinson@kw.com

Email

Affordability Calculator

$2,892
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$367
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4507048 Elementary School
1547503 Middle School
Howard School of Academics & Tech High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2026$399,900 Listed Price

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1511 S Greenwood Avenue, Chattanooga, TN, 37404 is a Multi-Family Home for sale at $399,900 with 2,936 sqft and a lot size of 0.18. 1511 S Greenwood Avenue has 8 bedrooms and 4.0 baths. The property's zip code is 37404 which is in Chattanooga, TN