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Key Details
Sold Price $447,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,292 sqft
Price per Sqft $195
Subdivision Valley View
MLS Listing ID 1541536
Sold Date 10/09/26
Style Ranch
Bedrooms 6
Year Built 1955
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions 100X220
Property Sub-Type Triplex
Source Greater Chattanooga REALTORS®
Property Description
Great income potential in the growing Red Bank area! This 1955-built triplex sits on a 0.45-acre lot and offers 2,292 sq ft across three units, each featuring 2 bedrooms, 1 full bath, a kitchen, living room, refrigerator, and stove. Unit A is currently occupied on a month-to-month lease at $1,200/month, providing immediate cash flow from day one.
The property offers electric baseboard heat, wall/window unit cooling, a shingle roof, public water, and an unfinished basement for extra storage. Off-street parking serves all three units. Sold as an investment opportunity -- great for a buy-and-hold investor looking to expand a portfolio in a growing submarket.
Less than 15 minutes from downtown Chattanooga and close to shopping, dining, and everyday amenities. Don't miss this opportunity to add a solid income-producing property to your portfolio.
Location
State TN
County Hamilton
Area 0.51
Rooms
Basement Finished, Full
Interior
Cooling Wall Unit(s)
Fireplace No
Appliance Washer, Refrigerator, Electric Range, Electric Oven, Dryer, Dishwasher
Exterior
Parking Features Asphalt, Driveway, Off Street
Garage Description Asphalt, Driveway, Off Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Back Yard, Front Yard, Gentle Sloping, Private
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Alpine Crest Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Senior Community No
Tax ID 109g G 022
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Megan Summers
Realtor/ Advisor License ID: GA# 421748 TN# 365726
Realtor/ Advisor License ID: GA# 421748 TN# 365726