5 Franklin Place, Chattanooga, TN 37412

Local realty services provided by:Better Homes and Gardens Real Estate Signature Brokers
5 Franklin Place,Chattanooga, TN 37412
$190,000
  • - Beds
  • - Baths
  • 908 sq. ft.
  • Multi-family
  • Active
Listed by: robert j fitzgerald
Office: crye-leike, realtors
MLS#:1507159
Source:TN_CAR

Price summary

  • Price:$190,000
  • Price per sq. ft.:$209.25

About this home

Welcome to 5 Franklin Pl, Chattanooga, TN 37411—an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for 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.

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Home facts

  • Year built:1930
  • Listing ID #:1507159
  • Added:493 day(s) ago
  • Updated:January 10, 2026 at 03:44 PM

Rooms and interior

  • Living area:908 sq. ft.

Heating and cooling

  • Cooling:Multi Units, Window Unit(s)
  • Heating:Electric, Heating

Structure and exterior

  • Roof:Metal
  • Year built:1930
  • Building area:908 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$190,000
  • Price per sq. ft.:$209.25
  • Tax amount:$1,263

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