5 Franklin Place
Chattanooga, TN 37412
- – beds
- – baths
- 908 sqft
- $209 per sqft
- 1930 build
- – on site
Welcome to 5 Franklin Pl, Chattanooga, TN 37411—an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for 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.
Last checked:
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Last updated Feb 10, 2025
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MLS# 1507159 —
The Building
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Year Built:1930
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New Construction:false
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Builder Name:None
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Construction Materials:Aluminum Siding
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Levels:One
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Stories:1
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Stories Total:None
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Roof:Metal
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Basement:Cellar
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Basement:true
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Patio And Porch Features:Deck, Patio
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Building Area Total:908.0
Interior
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Furnished:None
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Fireplace:false
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Laundry Features:Common Area
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Zoning Description:None
Room Dimensions
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Living Area:908.0
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Living Area Units:None
Location
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Directions:From I-24 W, take exit 184 toward Moore Rd. Merge onto North Terrace. Turn left onto S Germantown Rd. Turn right onto Cathy Ln. Turn left onto Donaldson Rd. Continue straight onto Poindexter Ave. Turn right onto Franklin Pl. Home will be on the left.
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Latitude:35.010275
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Longitude:-85.261021
The Property
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Parcel Number:156m A 006
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Property Type:Residential Income
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Property Subtype:Triplex
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Direction Faces:None
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Possible Use:None
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Lot Features:Split Possible
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Lot Size Dimensions:72.5X126
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Lot Size Source:None
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Zoning:None
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Topography:None
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View:false
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Pool Private:No
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 430-0076
- Office phone:
- (423) 870-5202
Taxes
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Tax Legal Description:Lt H Blk 13 Wilson Hewitt Etal Pb Q 25 Pg655
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Tax Annual Amount:1263.52
Baths
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Electric
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Heating:true
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Cooling:Wall Unit(s), Window Unit(s)
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Cooling:true
Utilities
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Utilities:Sewer Connected
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Water Source:Public
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Sewer:Public Sewer
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Electric:None
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Green Energy Generation:None
Schools
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Elementary School:East Ridge Elementary
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Elementary School District:None
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Middle Or Junior School:East Ridge Middle
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Middle Or Junior School District:None
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High School:East Ridge High
The Community
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Subdivision Name:Hewitt Wilson Etal
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Senior Community:false
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
Parking
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Garage:false
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Attached Garage:false
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Carport:true
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Carport Spaces:1.0
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/10/25
Feb 10, 2025
|
Relisted | CHTMLS | $190,000 | |
10/28/24
Oct 28, 2024
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Pending | CHTMLS | ||
10/28/24
Oct 28, 2024
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Relisted | CHTMLS |