506 Hargraves Avenue Chattanooga, TN $ 255,000
506 Hargraves Avenue
$ 255,000
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506 Hargraves Avenue

Chattanooga, TN, 37411
$ 255,000
Baths0.0 Sq 1,378

Monthly Estimate*

$ 1,570

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Studio

Multi-Family Home for sale in Chattanooga, TN

for $255,000. This 1,378 square foot home was built on a lot size of 0.3.

Fully occupied duplex generating $1,900/month in rental income. Each unit features 2 bedrooms, 1 bath, and washer/dryer hookups. Strong cash-flow potential with stable tenants already in place. Ideal opportunity for investors seeking immediate income-producing property in a growing Chattanooga market. Property has been meticulously maintained with little to no deferred maintenance. Central HVAC installed 2019 as well as several new vinyl windows and new carpet in 2019. Property sits on a level lot on a quiet street with a shared fenced in back yard. Both sides are occupied at $950/month each with leases in place and long time tenants. *Do not disturb Tenants* *will show only w/ LOI or Bound Sale Agreement)

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Multi-Family Active

Price

$ 255,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,261

Style

Contemporary

Lot Size

0.3

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1533085

Features
Interior
Interior Amenities Ceiling Fan(s) Entrance Foyer Pantry Tub/shower Combo
Basement Crawl Space
Flooring Carpet Tile Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Insulated Windows
Fireplace Y/N N
Above Grade Finished Area 1378.0
Laundry Features In Kitchen Inside
Total Baths 0
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General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Rental Agreement
Roof Asphalt Shingle
Appliances Free-Standing Refrigerator Electric Range
Patio/Porch Features Covered Porch - Covered
Architectural Style Contemporary
Pool Features None
Construction Materials Other
Year Built 1950
Tenant Pays Electricity Sewer Water
Stories Count 1
Levels One
Property Subtype Duplex
Community Features None
County Hamilton
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Shawnee Park
Garage Y/N N
Status Active
Directions Turn right onto Rogers Rd near the intersection of N Germantown Rd and Brainerd Rd. Slight left onto Vaughn Rd. Property is the second on the right.
High School Brainerd High
City Chattanooga
Senior Community Y/N N
Number Of Units Total 2
MLS Area Chattanooga
Lot Size Units Acres
Lot Size Square Feet 13068.0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Spa Features None
Elementary School Woodmore Elementary
Land Lease Y/N N
Tax Annual Amount 2261.6
Home Warranty Y/N N
Current Financing Conventional
Middle/Junior High School Dalewood Middle
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 Duplex
Standard Status Active
Occupancy Type Tenant
Legal Description LT 60 & PT LT 56 SHAWNEE PARK PB16 PG27 0067 05 10
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Exterior
Exterior Amenities None
Fencing Back Yard Fenced
Parking Features Concrete Driveway Gravel Off Street Other
Lot Features Gentle Sloping Level Sloped Down
Water Source Public
Inclusions Refrigerators in each unit
Lot Size Area 0.3
Foundation Details Block
Spa N
Building Area Total 1378.0
Lot Dimensions 80X163
Lot Size Acres 0.3
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street
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 1 506
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* Excluded Features
List By
Real Estate Partners Chattanooga Llc

Broker

Candice@Candicenealhomes.com

Email

Affordability Calculator

$1,758
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,570
Monthly Property Taxes
$188
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
3758280 Elementary School
1547787 Middle School
Brainerd High High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$255,000 Listed Price

Map


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506 Hargraves Avenue, Chattanooga, TN, 37411 is a Multi-Family Home for sale at $255,000 with 1,378 sqft and a lot size of 0.3. 506 Hargraves Avenue is a studio with 0.0 baths. The property's zip code is 37411 which is in Chattanooga, TN