407 Colville St, Chattanooga, TN 37405
407 Colville St, Chattanooga, TN 37405
407 Colville St, Chattanooga, TN 37405
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George Scott

George Scott

+1(931) 385-5195
Listed by Reena Nichols • HomeSmart
$574,000
Est. payment /mo
2,174 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,174 sqft

Price per Sqft $264

Subdivision Colvilles Addn

MLS Listing ID 3013802

HOA Y/N No

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

Private Pool false

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

Others

Senior Community false

Special Listing Condition Standard

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George Scott

George Scott

+1(931) 385-5195

Agent | License ID: TN License #: 377474

Agent License ID: TN License #: 377474

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