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    407 Colville St Chattanooga, TN 37405

    For Sale
    $585,000

    MULTI_FAMILY - Chattanooga, TN

    Property size:
    2,218 SF
    Lot size:
    0.16 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 407 Colville St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds, Insulated Windows, Drapes
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Bedrooms
    5
    APN
    135d J 024
    Parking features
    On Street, Off Street
    Patio and Porch features
    Porch, Deck
    Interior features
    Eat-in Kitchen, Laminate Counters, Primary Downstairs, Storage, Tub/shower Combo
    Exterior features
    Private Entrance
    Fencing
    Chain Link
    Appliances
    Washer/Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Free-Standing Refrigerator, Free-Standing Range, Electric Range, Electric Oven, Dryer, Dishwasher
    Size
    2,218 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Central Air, Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Laminate, Hardwood, Vinyl
    Building materials
    Block, Concrete, Vinyl Siding
    Roof type
    Metal
    Additional Structures
    Storage

    PalmerHouse Properties (404) 876-4901 [email protected]

    Listing agent Reena Nichols (404) 876-4901 License #374587

    Listing date Dec 5, 2025

    MLS# 1521911 Listing URL

    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

    Chattanooga Triplex in Prime Location

    This income-producing property, a triplex, is located in the heart of Chattanooga's Northshore neighborhood. The property offers an opportunity to generate income from three units, occupy the main floor three-bedroom, one-bathroom unit, or renovate into a single-family residence. Situated across from a community park with a playground and tennis courts, the location provides convenient access to the Walnut Street Bridge, boutiques, dining options, grocery stores, and entertainment venues. The property is located in a desirable neighborhood within a good school district, featuring sidewalks and mature landscaping. The lot size is 0.16 acres, and the property size is 2218 square feet. The property is being sold as part of a 1031 exchange and has existing tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.303237
    Latitude
    35.069776

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex in Chattanooga's desirable Northshore neighborhood.
    Where is this triplex located?
    The property is located at 407 Colville St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Priced below recent appraised value, offering instant equity; - Income-producing property with three units; potential for rental income or owner-occupancy; - Prime Northshore location near Walnut Street Bridge, boutiques, dining, grocery, and entertainment
    (404) 876-4901
    Request Owner's contact information
    407 Colville St Chattanooga, TN 37405
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    Chattanooga, TN 37405
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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
    407 Colville St Chattanooga, TN 37405
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