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    151 W Ridgewood Ave Red Bank, TN 37415

    For Sale
    $525,000

    MULTI_FAMILY - Red Bank, TN

    Property size:
    1,682 SF
    Lot size:
    0.47 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 151 W Ridgewood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Basement
    APN
    126c G 007
    Parking features
    Driveway, Garage
    Patio and Porch features
    Porch
    Appliances
    Refrigerator, Electric Range
    Size
    1,682 SF
    Lot size
    0.47 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Hardwood
    Roof type
    Shingle

    United Real Estate Experts (423) 771-7611 [email protected]

    Listing agent Karen M Rhodes (423) 771-7611 License #273392

    Listing date Aug 20, 2025

    Copyright © 2025 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Red Bank Multi-Family Investment

    This property presents an investment opportunity, featuring two dwellings: a single-family house and a duplex. The house includes 4 bedrooms, 1.5 bathrooms, and a garage. Each of the duplex units has 2 bedrooms, 1 bathroom, and a garage. All units are currently occupied by long-term tenants of approximately 10 or more years. The current rental income is $2300 monthly, while fair market rents for all units are estimated to be approximately $5000 monthly. The property is located in Red Bank, Tennessee, within Hamilton County, and has a lot size of 0.47 acres. The total property size is 1682 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Bank
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.312346
    Latitude
    35.092632

    FAQs

    What type of property is this?
    Duplex - Multi-family property in Red Bank with long-term tenants.
    Where is this duplex located?
    The property is located at 151 W Ridgewood Ave Red Bank, TN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Potential for increased rental income: Current rents are significantly below market value (approx $2700 less monthly).; - Two income-generating dwellings: Includes a single-family house and a duplex.; - All units have long-term tenants.
    (423) 771-7611
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    Red Bank, TN 37415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    151 W Ridgewood Ave Red Bank, TN 37415
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