1500 +1502 13th ST, Chattanooga, TN 37404
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1500 +1502 13th ST, Chattanooga, TN 37404
1500 +1502 13th ST, Chattanooga, TN 37404
1500 +1502 13th ST, Chattanooga, TN 37404
1500 +1502 13th ST, Chattanooga, TN 37404
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1500 +1502 13th ST Chattanooga, TN 37404

11 Beds

9 Baths

6,455 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,455 sqft

Price per Sqft $200

Subdivision Fort & Porter Addn

MLS Listing ID 1543721

Style Contemporary

Bedrooms 11

Year Built 2022

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Source Greater Chattanooga REALTORS®

Property Description

Immediate income. Five leased residences. Future flexibility. Located at 1500 & 1502 E. 13th Street, this fully occupied Chattanooga portfolio combines four townhomes and one detached single-family residence totaling approximately 6,455 square feet. Current rents generate $8,115 per month, or $97,140 in annual gross rental income.

Each townhome offers approximately 1,220 square feet, while the detached residence includes approximately 1,575 square feet. Most tenants are on one-year leases, with Unit 112 leased month-to-month, providing an established income stream alongside near-term flexibility.

Situated on a spacious corner lot with alley access, the property features dedicated parking for each townhome, additional parking behind the residence, a rear-building sprinkler system, and underground stormwater management. Newer townhome construction adds appeal for investors seeking a manageable residential portfolio.

Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property offers access to employment, dining, breweries, and entertainment. Hold the portfolio for ongoing rental income, explore future rent adjustments as leases renew, or pursue potential individual unit sales, subject to verification of separate ownership and applicable requirements. An opportunity to acquire five income-producing residences in Chattanooga's urban core.

Location

State TN

County Hamilton

Area 0.3

Interior

Interior Features Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting, Tub/shower Combo

Heating Central

Cooling Central Air

Flooring Carpet, Hardwood, Luxury Vinyl

Fireplace No

Window Features ENERGY STAR Qualified Windows,Vinyl Frames

Appliance Washer/Dryer Stacked, Washer/Dryer, Microwave, Free-Standing Electric Oven, Electric Water Heater, Electric Oven, Disposal, Dishwasher

Heat Source Central

Laundry Electric Dryer Hookup, In Hall, Laundry Closet

Exterior

Exterior Feature Courtyard, Lighting

Parking Features Gravel, Off Street

Garage Description Gravel, Off Street

Pool None

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Roof Type Shingle

Porch Covered, Front Porch

Garage No

Building

Lot Description Back Yard, City Lot, Front Yard, Level

Foundation Block, Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Structure Type Block,Cement Siding,Wood Siding

Schools

Elementary Schools East Side Elementary

Middle Schools Orchard Knob Middle

High Schools Howard School Of Academics & Tech

Others

Senior Community No

Tax ID Tbd

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Investor

Pets Allowed Yes


Greater Chattanooga Association of REALTORS(GCAR MLS)
Listed by Zach Taylor - Chattanooga

Nearby Locations

Grace Frank

Grace Frank

Agent TN 305329

+1(423) 544-7156

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1500 +1502 13th ST