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Updated Victorian Multifamily Property
For Sale
$469,900

422 Tennessee Avenue, Etowah, TN 37331

MULTI_FAMILY - Victorian - Etowah, TN

Property Size3,877 SF
Price / SF$121.20
Days on Market95

Property Features for 422 Tennessee Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Parking features Open, Driveway, Garage
Security features Security System
Window features Double Pane Windows
Patio and Porch features Porch, Patio
Interior features Separate Living Quarters, Walk-In Closet(s), Storage, Stone Counters, Primary Downstairs, Pantry, High Speed Internet, High Ceilings, Bookcases, Built-in Features, Ceiling Fan(s)
Exterior features Smart Lock(s), Rain Gutters, Balcony, Courtyard, Fire Pit
Fencing Fenced
Fireplace 1
Basement Crawl Space
Appliances Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
Subdivision Etowah
Lot features Level, Level
Elementary school Etowah City
Middle school Etowah City
High school McMinn Central
Directions From US-64 , head east towards Ocoee. Take exit US-411. Left onto US-411. House on Left. From I-75, Take exit 42 onto SR-39, Riceville Rd. Right onto US-11 S. Left onto Watertank Rd. Right onto CR-741. Continue onto CR-725. Right onto CR-700. Right onto CR-750. Left onto CR-660. Keep right onto CR-660. Left onto Tennessee Ave. House is on the left.
Standard status Active
APN 118b C 06500 000
Size 3,877 SF

Taxes and HOA fees

Tax Annual Amount 1840

Utilities

Sewer type Public Sewer
Heating system Zoned, Natural Gas, Central
Cooling system Zoned, Central Air, Multi Units
Water source Public

Amenities

courtyard
recreational area
bar area
surround sound
porch
balcony
patio
workshop

Building Details

Year built 1927
Flooring type Carpet, Hardwood, Tile
Building materials Vinyl Siding
Roof type Metal
Architectural style Victorian
Additional Structures Storage
Listing Agency: Keller Williams Realty - Chattanooga - Washington St
Listed By: Scott Blackmon · License #367965
Added: May 28 Changed: Aug 16 Last Checked: Aug 30 at 12:06AM
MLS# 20262783

Copyright © 2026 River Counties 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.

Investment Insights

Based on property information with market context.

This Victorian multifamily property includes 3,877 square feet of livable space with 7 bedrooms and 3.5 baths. Built in 1927, the property has two livable buildings linked by a breezeway, including separate living quarters and a three-car garage or workshop. Recent improvements include granite countertops, multiple HVAC units, a new water heater, new appliances, updated plumbing, fresh hardwood flooring in the primary bedroom, and a new concrete patio.

The property is zoned for both residential and commercial use. Additional features include a fenced courtyard with a recreational area and bar area, a porch, a second-story balcony, public water and sewer, a metal roof, and a driveway that is not shared. The address is in Etowah, Tennessee, near downtown shops, dining, and the historic L&N Train Depot.

Key Highlights

  • 3,877 square feet with 7 bedrooms and 3.5 baths
  • Two livable buildings connected by a breezeway
  • Zoned for both residential and commercial use

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Law Firm Parking Lot & Garage HVAC Service Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

210
Businesses Nearby

Demographics for 37331, TN

7,792
Population
3,721
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
87%
High-School Grad
39.4 sq mi
ZIP Area
198
Density / Sq Mi
$56,484
Median Household Income
$35,362
Median Earnings
$837
Median Rent
$171,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two livable buildings are connected by a breezeway and include separate living quarters.
Where is this multifamily property located?
The property is located at 422 Tennessee Avenue Etowah, TN.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 3,877 square feet with 7 bedrooms and 3.5 baths; Two livable buildings connected by a breezeway; Zoned for both residential and commercial use
More about this property
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