5 Franklin Place, Chattanooga, TN 37412

Chattanooga
Local realty services provided by:ERA Chappell & Associates Realty & Rental
5 Franklin Place,Chattanooga, TN 37412
$150,000
  • - 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:$150,000
  • Price per sq. ft.:$55.07

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Listing ID #:3132231
  • Added:79 day(s) ago
  • Updated:May 09, 2026 at 02:18 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.
  • Construction Materials:Aluminum Siding
  • Levels:1 Story

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:$150,000
  • Price per sq. ft.:$55.07
  • Tax amount:$1,264

Parking

  • Total parking spaces:3
  • Parking description:Attached, Detached, Driveway
  • Carport spaces:3
MLS LogoCopyright 2026 Realtracs Mls. All rights reserved. Realtracs Mls provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Realtracs Mls will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Realtracs Mls.

New listings near 5 Franklin Place