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    407 Colville Street, Chattanooga, TN 37405

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    For Sale
    $574,000

    MULTI_FAMILY - Chattanooga, TN

    Property size:
    2,218 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $258/SF
    Added:
    Oct 8, 2025
    Days on Market:
    252
    Last Refresh:
    Jun 16 at 1:06 pm

    Property Features for 407 Colville Street

    General Information

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

    Taxes and HOA fees

    Tax Description
    LOT 2 COLVILLES ADDN N/R
    Tax Annual Amount
    6233

    Utilities

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

    Building Details

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

    We can help!

    Listing Contact
    Reena Nichols

    Listing agent Reena Nichols License #374587

    Listing office Homesmart 2911 Piedmont Road, Atlanta, TN

    Listing date Oct 8, 2025

    MLS# 1521911 Listing URL

    Copyright © 2026 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.

    HighLights

    • Income‑producing triplex with three units: 3 bed/1 bath, 1 bed/1 bath, and an efficiency unit
    • Unit A lease: 3 bed/1 bath rented $1,700/month from Dec 2025 to Dec 2027
    • Unit B lease: 1 bed/1 bath available/leased at $1,250/month
    • Unit C lease: efficiency unit rented $850/month from Jan 2026 to Jan 2027
    • Recent updates (2024): sewer line replaced from house to street; breaker box updated to modern breakers; minisplit added to Apt C; kitchenette renovated; exterior staircase rebuilt for Apt C
    • Heating/cooling includes central HVAC and ceiling fans; Apt A has a smart thermostat and Apt B has a programmable thermostat (2024)

    Overview

    This triplex for sale includes three self-contained units. The main floor unit is a 3-bedroom, 1-bath apartment currently occupied on a lease that runs from Dec 2025 through Dec 2027. Unit B is accessed from the front lower level and includes a 1-bedroom, 1-bath layout with access through an exterior door and stairs leading to the entry. Unit C is an efficiency unit accessed from the upstairs deck at the back of the property.

    Located at 407 Colville Street in Chattanooga’s Northshore area, the property sits across from a community park with a playground and tennis. The public remarks also note proximity to the Walnut Street bridge and to local shopping, dining, grocery, and entertainment options.

    The seller is offering the property as part of a 1031 exchange with existing tenants. Documented 2024 improvements include a sewer line replacement from the house to the street, an updated breaker box, and minisplit additions for Unit C, along with a renovated kitchenette in that unit. Additional 2024 work includes rebuilding the exterior staircase for Unit C and adding programmable and smart thermostats to Units B and A, respectively. Updates continuing into 2026 include kitchen appliances, including new range/oven for Unit A in February 2026 and new range/oven, refrigerator, and a stackable washer/dryer in Unit B in June 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness 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

    FAQs

    What type of property is this?
    Triplex - Three separate units with recent mechanical and interior updates, offered with existing tenants for continuing rental income.
    Where is this triplex located?
    The property is located at 407 Colville Street Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $574,000.
    What are key features of this property?
    This property features: Income‑producing triplex with three units: 3 bed/1 bath, 1 bed/1 bath, and an efficiency unit; Unit A lease: 3 bed/1 bath rented $1,700/month from Dec 2025 to Dec 2027; Unit B lease: 1 bed/1 bath available/leased at $1,250/month
    More about this property
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