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Listed by Reena Nichols • HomeSmart
$ 574,000
Est. payment /mo
Active
407 Colville St Chattanooga, TN 37405
2,174 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,174 sqft
Price per Sqft $264
Subdivision Colvilles Addn
MLS Listing ID 3013802
Year Built 1920
Annual Tax Amount $6,233
Lot Dimensions 50X137.4
Property Description
Amazing income producing triplex in the heart of Chattanooga's Northshore. Main floor is occupied with a 3 bedroom/1 bath unit on main rented for 2 years from Dec 2025 to Dec 2027 at $1700 per month. Unit B is accessed from the front lower level. Outside door is open with stairs to Unit B which is a 1 bedroom 1 bath unit. This unit is available to lease at $1250 per month. Unit C is an efficiency accessed from the upstairs deck at the back of the property. This unit has been rented at $850 from Jan 2026 to Jan 2027. 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. Recent updates include: 1. Sewer line replaced from house to street (2024), 2. Updated breaker box from tube to modern breakers (2024), 3. Added minisplit to Apartment C (2024), 4. Renovated kitchenette in Apartment C (2024), 5. Updated refrigerator, oven/stove in Apartment A and added built-in microwave (2024), 6. Rebuilt exterior staircase for Apartment C (2024) 7. Added a programmable thermostat in Apt B and a smart thermostat in Apt A. (2024) 8. New range/oven for Apt A (Feb 2026)
Location
State TN
County Hamilton County
Zoning RN-3
Interior
Heating Central, Other
Cooling Central Air, Electric
Flooring Wood, Laminate
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Metal
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Normal Park Museum Magnet School
Middle Schools Normal Park Museum Magnet School
High Schools Red Bank High School
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