5 Franklin Place, Chattanooga, TN 37412

Local realty services provided by:Better Homes and Gardens Real Estate Ben Bray & Associates
5 Franklin Place,Chattanooga, TN 37412
$185,000
  • - Beds
  • - Baths
  • 2,724 sq. ft.
  • Multi-family
  • Active
Listed by: dustin mullins, fairouz hassan
Office: real estate partners chattanooga, llc.
MLS#:3132231
Source:NASHVILLE

Price summary

  • Price:$185,000
  • Price per sq. ft.:$67.91

About this home

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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Home facts

  • Year built:1930
  • Listing ID #:3132231
  • Added:1 day(s) ago
  • Updated:February 20, 2026 at 03:27 PM

Rooms and interior

  • Living area:2,724 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Metal
  • Year built:1930
  • Building area:2,724 sq. ft.

Schools

  • High school:East Ridge High School
  • Middle school:East Ridge Middle School
  • Elementary school:East Ridge Elementary School

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$185,000
  • Price per sq. ft.:$67.91
  • Tax amount:$1,264
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