4 Beds
4 Baths
2,400 SqFt
4 Beds
4 Baths
2,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $270
Subdivision Hope & Chandler
MLS Listing ID 1545767
Bedrooms 4
Year Built 1930
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 127 x 35
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
Historic charm meets investment opportunity at 1039 E 5th Street. This distinctive four-unit property offers the flexibility to rent all four residences or occupy one while rental income from the other three offsets your mortgage, subject to existing leases. Current rental income totals $3,370 per month, with estimated market rent potential of $4,400 per month and estimated midterm rental potential of $6,500 per month.
Approximately 105 years old, the property underwent a complete renovation in 2003, including plumbing, electrical, HVAC, and roofing. High ceilings and hardwood floors throughout complement its historic character including operable original windows, original wood trim and doors, and charming transom windows.
A spacious front porch provides an inviting place to unwind, while the quiet front yard features a natural, grass-free landscape. Mature trees create a wooded backyard setting that adds to the property's appeal.
Whether expanding your investment portfolio or seeking an owner-occupied property with multiple rental income streams, this quadruplex combines architectural character with income growth potential. Rental estimates are projections, subject to market conditions, occupancy, furnishings, and operating expenses.
Location
State TN
County Hamilton
Area 0.1
Rooms
Basement Crawl Space
Interior
Interior Features Granite Counters, Natural Woodwork
Heating Central, Electric, Heat Pump
Cooling Multi Units
Flooring Ceramic Tile, Wood
Fireplace No
Window Features Storm Window(s),Wood Frames
Appliance Water Heater, Washer/Dryer, Free-Standing Refrigerator, Free-Standing Electric Range, Dishwasher
Heat Source Central, Electric, Heat Pump
Laundry Electric Dryer Hookup, In Unit, Washer Hookup
Exterior
Exterior Feature Awning(s)
Parking Features Gravel, Off Street
Garage Description Gravel, Off Street
Community Features Sidewalks, Street Lights
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Other
Porch Awning(s), Deck, Front Porch
Garage No
Building
Faces From downtown Chattanooga, take 3rd Street to Central Avenue and turn right. Quadplex is at the corner of Central and E 5th Street.
Story Two
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Brown Academy
Middle Schools Orchard Knob Middle
High Schools Howard School Of Academics & Tech
Others
Senior Community No
Tax ID 146a N 014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Agent License ID: TN 338923 / GA 374620