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615 Colville Street A, B, & C, Chattanooga, TN 37405

$473,999
: 2
BD
: 4
BA
: 1,624
SqFt

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Sold Price: $473,999
List Price: $479,999
Closing Date: May 04, 2026
MLS#: 1531027
Bedrooms: 2
Sq. Ft: 1,624
Acres: 0.18
Year Built: 1920
Subdivision: Colvilles Addn

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Property Description

Turnkey investment opportunity in Hill City-the heart of North Chattanooga! This fully occupied, consistently maintained triplex offers immediate and consistent income from day one. Featuring approximately 2,000 square feet, the property includes TWO 1 bedroom efficiency units, and ONE 2-bedroom unit--providing a strong and balanced rental mix. The property features off-street parking with a large rear lot, offering ample space to comfortably accommodate all units--a rare and valuable amenity that enhances tenant convenience and long-term rental appeal. Recent improvements include mini-split systems replaced in Unit C (approx. 2 years ago) and Unit A (approx. 2.5 years ago), a Jack and Beam system completed in August 2022, with a fully encapsulated crawl space, providing enhanced structural integrity, moisture control, and long-term durability. Windows were replaced approx. 2.5 yrs ago. Units A and C are equipped with stackable washer and dryer units, adding convenience for tenants. Located just minutes from Downtown, Frazier Avenue, and top-rated Normal Park schools, this property sits in a highly desirable historic district with proven, long-term rental demand. Whether you're expanding your portfolio or securing a reliable income-producing asset, this is an opportunity you don't want to miss. Property is being sold as-is.

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Additional Information

Style: Other
Interior: Ceiling Fan(s), High Speed Internet
Roof: Asphalt
Floors: Combination
Foundation: Block, Concrete Perimeter, Pillar/Post/Pier
Cooling: Central Air, Other, Zoned
Heating: Central, Ductless, Electric
Elementary School: Normal Park Elementary
Middle School: Normal Park Upper
High School: Red Bank High School
Financing Available: Cash, Conventional