1502 13th ST, Chattanooga, TN 37404
1502 13th ST, Chattanooga, TN 37404
1502 13th ST, Chattanooga, TN 37404
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$998,000
Est. payment /mo
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8 Beds
8 Baths
4,880 SqFt
Price Dropped by $297K

1502 13th ST Chattanooga, TN 37404

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,880 sqft

Price per Sqft $204

Subdivision Fort & Porter Addn

MLS Listing ID 1543721

Style Contemporary

Bedrooms 8

Year Built 2022

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Source Greater Chattanooga REALTORS®

Property Description

Immediate income. Four leased townhomes. Newer construction with income growth potential. Located at 1502 E. 13th Street, this fully occupied Chattanooga investment offers four townhomes totaling approximately 4,880 square feet. Current listed rents generate $6,520 per month, or $78,240 in annual gross rental income, providing an established income stream with potential for rent adjustments as leases renew.
Each townhome offers approximately 1,220 square feet. Most tenants are on one-year leases, while Unit 112 is leased month-to-month, offering near-term flexibility. Dedicated parking for each townhome, alley access, a rear-building sprinkler system, and underground stormwater management add to the property's appeal.

Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property provides access to employment, dining, breweries, and entertainment.

Hold all four townhomes for ongoing rental income, evaluate opportunities for rent growth as leases renew, or explore potential individual unit sales, subject to verification of separate ownership and applicable requirements. Four income-producing townhomes, an established tenant base, and future flexibility--all in Chattanooga's urban core.

Location

State TN

County Hamilton

Area 0.3

Interior

Interior Features Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting, Tub/shower Combo

Heating Central

Cooling Central Air

Flooring Carpet, Hardwood, Luxury Vinyl

Fireplace No

Window Features ENERGY STAR Qualified Windows,Vinyl Frames

Appliance Washer/Dryer Stacked, Washer/Dryer, Microwave, Free-Standing Electric Oven, Electric Water Heater, Electric Oven, Disposal, Dishwasher

Heat Source Central

Laundry Electric Dryer Hookup, In Hall, Laundry Closet

Exterior

Exterior Feature Courtyard, Lighting

Parking Features Gravel, Off Street

Garage Description Gravel, Off Street

Pool None

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Shingle

Porch Covered, Front Porch

Garage No

Building

Lot Description Back Yard, City Lot, Front Yard, Level

Foundation Block, Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Structure Type Block,Cement Siding,Wood Siding

Schools

Elementary Schools East Side Elementary

Middle Schools Orchard Knob Middle

High Schools Howard School Of Academics & Tech

Others

Senior Community No

Tax ID Tbd

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Investor

Pets Allowed Yes


Greater Chattanooga Association of REALTORS(GCAR MLS)
Listed by Zach Taylor - Chattanooga
Nearby Locations

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Zach Taylor

Zach Taylor

Broker

+1(855) 261-2233

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1502 13th ST