BethMallen-Watson
BEDS0
BATHS
SQUARE FEET2,174
MLS#3013802
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONColvilles Addn
Property 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 per month. 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)
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Heating: Central, Other
Lot Size: 0.16 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $6,233
Year Built: 1920
Feature Descriptions
Days on Site: 220
Exterior: Vinyl Siding
Flooring: Wood, Laminate
Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 50X137.4
Parcel#: 135D J 024
Parking: Alley Access, On Street, Unpaved
Parking Notes: Alley Access, On Street, Unpaved
Sewer: Public Sewer
Units: 3
Utilities: Electricity Available, Water Available
Water: Public
Local Schools
High School: Red Bank High School
Middle School: Normal Park Museum Magnet School
Elementary School: Normal Park Museum Magnet School
Listed By / Shown By
Listed By
Agency Name: HomeSmart
Agency Phone: 4048764901
Shown By
Agent Name: Beth Mallen-Watson
Agent Phone: (615) 910-5540
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 519.42 per month $0.00 Principal & Interest $519.42 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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407 Colville St | MLS# 3013802
This multi-family property located at 407 Colville St, Chattanooga, TN 37405 is currently listed for sale with an asking price of call for price. Search Chattanooga real estate on bethmallen.crye-leike.com today.