1039 5th ST
Multi-Family $ 650,000

1039 5th ST

Chattanooga, TN 37403

  • 4 Beds
  • 4 Baths
  • 2,400 SqFt
  • 4,356 Lot Size
  • 1930 Year Built
1039 E 5th Street | Historic Charm. Four Doors. A World of Possibilities.
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 95 years old, the property underwent a complete renovation in 2014, 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.
Listed by Zach Taylor - Chattanooga

PROPERTY DETAIL

  • 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®

  • Location

    State TN

    County Hamilton

    Area 0.1

  • Rooms

    Basement Crawl Space

  • 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

  • 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

  • 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

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