407 Colville St · Chattanooga, TN 37405

$574,000

15 bd · 9.0 ba · 2,218 sqft · MultiFamily public records · 252 Days on market

Built 1920 6,870 sqft lot

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Rent growth +3.9/5.0
• Livability +3.9/5.0
• 1% rule +3.6/10.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

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. 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)

Key facts

• Community park
• Mature landscaping
• Sidewalks

Tags

• INCOME PRODUCING PROPERTY
• COMMUNITY PARK
• SIDEWALKS
• MATURE LANDSCAPING

Property features AI

Finance

• Financial info: Gross income reported at $45,600; Net operating income reported at $36,100; Tenants pay electricity, water, and trash collection

Exterior

• Parking: Total of 5 parking spaces (open); No covered or carport spaces
• Utilities: Public water; Public sewer; Electricity available
• Home design: Residential income property (triplex); Attached property; Two levels
• Construction: Vinyl siding; Metal roof
• Exterior features: Alley access; On-street parking; Unpaved parking areas; Lot dimensions approximately 50 x 137.4

Interior

• Bedrooms: Three 3-bedroom units; Two 1-bedroom units
• Flooring: Wood flooring; Laminate flooring
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Central heating; Central air conditioning (electric)
• Interior features: Wood and laminate flooring
• Laundry & utility: Individual laundry hookups with washer and electric dryer connections

What this means for you Summary

Snapshot

• This is a 1×3bd/1.0ba + 2×1bd/1.0ba units multifamily listed at $574k.

Deal economics

• At list price, monthly cash flow is $421 ($5k/yr) — positive. Per door: $140/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $493k (14.2% below list).
• Recommended offer: $493k (14.2% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.4% in Chattanooga — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#3 in TN, #2,582 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, crime F.
• Hamilton County (urban): math 31% / reading 31% proficiency, ranked #42 of 139 in TN (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Normal Park Museum Magnet School (math 50% / reading 49%, grade D, #119 of 952 statewide, top 14%, 820 students, 0% FRL); Red Bank High School (math 8% / reading 37%, grade F, #156 of 332 statewide, top 49%, 824 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 309 active listings in the ZIP; solid renter incomes; 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).
• At $4,926/mo this rent would consume 73% of the median local household income ($81k/yr) (locally 875% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k of value loss. Plan a longer hold.
• Hamilton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 252 days — a 12% lower offer ($505k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $492,600 (14.2% below list)

Questions for the listing agent

1. It's been on market 252 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.14%
• DSCR: 1.14
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.64% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.67×
• Total profit: $-53,031
• Equity at exit: $85,585

10-year hold

• IRR: 3.5%
• Equity multiple: 1.28×
• Total profit: $45,548
• Equity at exit: $49,629

Cash invested: $160,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37405

• Rents YoY: 5.6%
• Active inventory: 309
• Price-to-rent: 21.2×

Monthly cashflow live

• Estimated rent: $4,926 high
• Mortgage (P&I): −$3,010
• Tax from tax record: −$222 /mo · $2,661/yr
• Insurance: −$239
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,034
• Net cashflow: $421

Break-even live

Break-even rent $4,394

Max offer price $574,000

Occupancy floor 86%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1	$2,251
▸ 2× units	1	1	$2,676
Total (3 units)			$4,926

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $143,500
• Closing costs: $17,220
• Reserves months: —
• Total cash needed: —

Listing history 46 events

1. 2026-06-18
   days on market $574,000 Active 252 DOM
2. 2026-06-17
   days on market $574,000 Active 251 DOM
3. 2026-06-16
   days on market $574,000 Active 250 DOM
4. 2026-06-15
   days on market $574,000 Active 249 DOM
5. 2026-06-14
   days on market $574,000 Active 247 DOM
6. 2026-06-10
   days on market $574,000 Active 244 DOM
7. 2026-06-09
   days on market $574,000 Active 243 DOM
8. 2026-06-08
   days on market $574,000 Active 242 DOM
9. 2026-06-07
   days on market $574,000 Active 241 DOM
10. 2026-06-05
    days on market $574,000 Active 238 DOM
11. 2026-06-03
    days on market $574,000 Active 237 DOM
12. 2026-06-02
    days on market $574,000 Active 236 DOM
13. 2026-06-01
    days on market $574,000 Active 235 DOM
14. 2026-05-31
    days on market $574,000 Active 234 DOM
15. 2026-05-30
    days on market $574,000 Active 233 DOM
16. 2026-05-02
    price $574,000 1406-char remark

    Show marketing remark (1406 chars)

    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. 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)

17. 2026-05-02
    price $574,000

    Show marketing remark (1406 chars)

    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. 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)

18. 2026-04-05
    historical 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

19. 2026-04-03
    status Active 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

20. 2026-04-02
    price $579,000 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

21. 2026-02-12
    price $579,000 1406-char remark

    Show marketing remark (1406 chars)

    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. 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)

22. 2026-02-12
    price $579,000

    Show marketing remark (1406 chars)

    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. 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)

23. 2026-01-15
    status Active 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

24. 2025-12-05
    price $585,000 1406-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

25. 2025-12-05
    price $585,000

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

26. 2025-12-05
    price $585,000 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

27. 2025-12-05
    price $585,000

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

28. 2025-11-14
    listed $595,000 Active 932-char remark

    Show marketing remark (932 chars)

    This is an amazing opportunity to live in a beautiful property in the heart of Chattanooga's Northshore. This property is currently set up as a triplex with individually metered utilities. New tenants in the 3 bed/1 bath apartment on the main level and in the efficiency provide security for the next 1 and 2 years. Live in the 1 bed/ 1 bath unit becoming avail end of Feb, with tenants paying your mortgage. Priced below recent appraised value for instant equity! 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 in the efficiency and 1 bedroom apartments on the upper level.

29. 2025-11-13
    listed $595,000 Active
30. 2025-10-09
    listed $595,000 Active
31. 2025-10-08
    listed $595,000 Active 1406-char remark

    Show marketing remark (1406 chars)

    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. 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)

32. 2023-10-13
    soldstatus $560,000 Closed
33. 2023-09-27
    historical Contingent
34. 2023-08-17
    price $569,000
35. 2023-08-07
    price $579,000
36. 2023-08-07
    status Active
37. 2023-07-27
    historical Contingent
38. 2023-06-28
    price $589,000
39. 2023-06-01
    listed $599,000 Active
40. 2021-08-31
    soldstatus $372,000
41. 2021-08-25
    soldstatus $372,000 Closed
42. 2021-08-25
    soldstatus $372,000
43. 2021-06-23
    historical Contingent
44. 2021-06-17
    listed $389,000 Active
45. 2020-10-05
    price $379,000
46. 2011-12-01
    soldstatus $118,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $2,661 · $222/mo
• Projected year-2 tax: $4,075 · $340/mo
• Expected delta: +$1,414/yr (+$118/mo · 53.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $59,112
• − Mortgage interest: −$32,153
• − Property taxes: −$2,661
• − Insurance: −$2,870
• − Repairs & maintenance: −$4,729
• − Management: −$4,729
• − Depreciation: −$16,698
• Taxable loss: −$4,728
• Est. tax savings @ 24.0%: +$1,135
• After-tax cash flow: $6,181/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamilton County
• NCES district ID: 4701590
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $47,456
• Composite: 26.8/100
• National rank: #7122
• State rank: #42 of 139 in TN

Livability — Chattanooga

• Score: 78/100
• State rank: #3
• US rank: #2582

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chattanooga, TN
• County: Hamilton County · 312,777 people
• City population: 131,999
• Metro: Chattanooga, TN-GA
• Population (ZIP): 18,109
• Household income: $81,337
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 875.0

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 393,784 people
• By 2030: 412,983 · +4.9%
• By 2040: 449,502 · +14.1%
• By 2050: 484,341 · +23.0%
• By 2075: 565,746 · +43.7%
• By 2100: 618,394 · +57.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 4% Asian 3% Hispanic / Latino 3%
• Common ancestry: Slovak 5% Serbian 3% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Hamilton

• 2024 margin: R (+13.1) · D 42.7% · R 55.7% · Other 1.6%
• 2008→2024 swing: -1.2pp toward R · 2008: -11.8pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+9.7 2016: R+16.6 2012: R+14.8 2008: R+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -380.39%
• Current HPI: 335.8088
• Rent YoY: ▲ 5.64%
• Metro: Chattanooga, TN-GA
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+384.4% since first listed

31 events — show timeline

• 2026-05-02 Price Changed $574,000 GCAR
• 2026-05-02 Price Changed $574,000 REALTRACS as Distributed by MLS Grid
• 2026-04-05 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-04-03 Relisted — REALTRACS as Distributed by MLS Grid
• 2026-04-02 Price Changed $579,000 REALTRACS as Distributed by MLS Grid
• 2026-02-12 Price Changed $579,000 GCAR
• 2026-02-12 Price Changed $579,000 REALTRACS as Distributed by MLS Grid
• 2026-01-15 Relisted — REALTRACS as Distributed by MLS Grid
• 2025-12-05 Price Changed $585,000 GCAR
• 2025-12-05 Price Changed $585,000 GCAR
• 2025-12-05 Price Changed $585,000 REALTRACS as Distributed by MLS Grid
• 2025-12-05 Price Changed $585,000 REALTRACS as Distributed by MLS Grid
• 2025-11-14 Listed $595,000 REALTRACS as Distributed by MLS Grid
• 2025-11-13 Listed $595,000 GCAR
• 2025-10-09 Listed $595,000 REALTRACS as Distributed by MLS Grid
• 2025-10-08 Listed $595,000 GCAR
• 2023-10-13 Sold (MLS) $560,000 GCAR
• 2023-09-27 Contingent — GCAR
• 2023-08-17 Price Changed $569,000 GCAR
• 2023-08-07 Price Changed $579,000 GCAR
• 2023-08-07 Relisted — GCAR
• 2023-07-27 Contingent — GCAR
• 2023-06-28 Price Changed $589,000 GCAR
• 2023-06-01 Listed $599,000 GCAR
• 2021-08-31 Sold (Public Records) $372,000 Public Records
• 2021-08-25 Sold (MLS) $372,000 REALTRACS as Distributed by MLS Grid
• 2021-08-25 Sold (MLS) $372,000 GCAR
• 2021-06-23 Contingent — GCAR
• 2021-06-17 Listed $389,000 GCAR
• 2020-10-05 Price Changed $379,000 GCAR
• 2011-12-01 Sold (Public Records) $118,500 Public Records

Property tax history

+8.2%/yr

Latest (2025): $2,661 · +80.8% YoY. Source: county tax records.