Description
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)
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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2,218SQFT
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$259$/SQFT
School Information
Description
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)
407 Colville Street Chattanooga, TN 37405
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials BlockConcreteVinyl Siding Exterior Features Private Entrance Fencing Chain LinkWood Foundation Details Block Garage YN No Lot Features Back YardFront YardLevelOpen LotPrivate Other Structures None Parking Features Off StreetOn Street Patio And Porch Features CoveredDeckFront PorchPorch - Covered Pool Features None Pool Features None Yes Roof Metal Roof Metal Yes Spa YN No Structure Type Multi FamilyTriplex View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Washer/DryerWasherStainless Steel Appliance(s)RefrigeratorMicrowaveFree-Standing RefrigeratorFree-Standing RangeElectric RangeElectric OvenDryer Basement [] Basement YN No Building Area Total 2218 Cooling Ceiling Fan(s)Central AirVaries by Unit Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring HardwoodLaminateLuxury Vinyl Heating CentralElectricSeparate Meters Heating YN Yes Interior Features Eat-in KitchenLaminate CountersPrimary DownstairsStorageTub/shower Combo Laundry Features In KitchenMultiple Locations Levels Two Window Features BlindsDrapesInsulated Windows
Association Amenities [] Association YN2 No Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment None Property Sub Type Multi Family Security Features Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Structure Type Multi Family Yes Tax Annual Amount 6232.81 Utilities Electricity ConnectedSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Homesmart: 404-876-4901.
