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407 Colville Street, Chattanooga, TN 37405

$525,000
: 5
BD
: 3
BA
: 2,218
SqFt

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List Price: $525,000
MLS#: 1544194
Bedrooms: 5
Sq. Ft: 2,218
Acres: 0.16
Year Built: 1920
Subdivision: Colvilles Addn

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Property Description

Rare three-unit opportunity in the heart of North Chattanooga, directly across from the neighborhood park and community center with tennis, pickleball, baseball fields, and a playground. Stroll down the hill to the Walnut Street Bridge and the shops and restaurants of Frazier Avenue, all within the sought-after Normal Park school zone. Each unit has its own private entrance. Unit A is a spacious 3 bed / 1 bath with a welcoming covered front porch. Unit B is a second-floor 1 bed / 1 bath with a private front entry and an in-unit stackable washer/dryer. Unit C is a second-floor studio efficiency with a private rear entry and its own deck. Street parking is plentiful, and a private surface lot sits at the rear of the property. The heavy lifting has been done. Since 2024, the owner has replaced the sewer line from house to street, upgraded the electrical panel to modern breakers, and repaired the siding. Unit A has new appliances, including a range/oven, refrigerator, and built-in microwave, plus a smart thermostat. Unit B received a new range/oven, refrigerator, and stackable washer/dryer, along with a programmable thermostat. Unit C features a renovated kitchenette, a new mini-split HVAC system, and a rebuilt exterior staircase. Whether you're an investor seeking a turnkey, well-maintained income property or an owner-occupant looking to live in one unit and let the others help cover the mortgage, 407 Colville delivers location, flexibility, and peace of mind. Schedule your showing today. Offered as-is.

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Additional Information

Exterior: Block, Concrete, Vinyl Siding
Interior: Tub/shower Combo, Eat-in Kitchen, Laminate Counters, Primary Downstairs, Storage
Roof: Metal
Floors: Hardwood, Laminate, Luxury Vinyl
Foundation: Block
Basement: Partial
Appliances: Dryer, Electric Oven, Electric Range, Free-Standing Refrigerator, Free-Standing Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Washer/Dryer Stacked
Exterior Features: Private Entrance
Community Features: None
Lot Description: Back Yard, Front Yard, Level, Open Lot, Private
Pool Description: None
Cooling: Central Air, Ceiling Fan(s), Varies by Unit
Heating: Central, Electric, Separate Meters, Varies by Unit
Elementary School: Normal Park Elementary
Middle School: Normal Park Upper
High School: Red Bank High School
Financing Available: Cash, Conventional, FHA, VA Loan