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$185,000
27 Days On Site
5 Franklin PlaceChattanooga, TN 37412
For Sale|Triplex|Active
0
Beds
0
Total Baths
2,724
SqFt
$68
/SqFt
1930
Built
Subdivision:
Hewitt Wilson Etal
County:
Hamilton
Call Now: (931) 307-4660
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(931) 307-4660
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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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Listing Snapshot
Price
$185,000
Days On Site
27 Days
Bedrooms
N/A
Inside Area (SqFt)
2,724 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1930
MLS® Number
3132231
Status
Active
Property Tax
$1,264
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
Recent Activity
| 4 weeks ago | Listing first seen on site | |
| 4 weeks ago | Listing updated with changes from the MLS® |
General Features
Carport
3
Levels
Three Or More
Number Of Stories
1
Parking
DetachedAttachedDriveway
Parking Spaces
3
Property Sub Type
Triplex
Sewer
Public Sewer
SqFt Total
2724
Utilities
Electricity AvailableWater Available
Water Source
Public
Interior Features
Cooling
Wall/Window Unit(s)
Heating
Electric
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Exterior Features
Construction Details
Aluminum SidingOther
Roof
Metal
Schools
School District
Unknown
Elementary School
East Ridge Elementary School
Middle School
East Ridge Middle School
High School
East Ridge High School
Listing courtesy of Real Estate Partners Chattanooga, LLC
Listings courtesy of Realtracs as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2026-03-18 06:20 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listings courtesy of Realtracs as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2026-03-18 06:20 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Neighborhood & Commute
Source: Walkscore
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