5 Franklin Place Chattanooga, TN 37412
- Added:
- Feb 18, 2026
- Days on Market:
- 42
- Last Refresh:
- Apr 1 at 1:06 am
Property Features for 5 Franklin Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Deck, Patio
- Appliances
- Water Heater, Washer/Dryer, Refrigerator, Free-Standing Refrigerator, Electric Range, Dishwasher
- Standard status
- Active
- APN
- 156m A 006
- Size
- 2,724 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- TaxDescription
- LT H BLK 13 WILSON HEWITT ETAL PB Q 25 PG655
- TaxAnnualAmount
- 1264
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Multi Units
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Metal
Listing agent Dustin Mullins License #351594 (423) 991-4806
Listing office Real Estate Partners Chattanooga LLC 525 W Main Street Suite 101, Chattanooga, TN (423) 265-0088
Listing date Feb 18, 2026
MLS# 1528731
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.
Overview
Chattanooga Multi-Family Investment Opportunity
This income-producing multi-family property in Chattanooga, Tennessee, features three units. Two of the units are currently rented month to month to long-term tenants, each with one bedroom and one bathroom. The property generates a gross monthly income of $1,440, reflecting a 9.3% CAP rate. Unit #1 was previously rented for $740 a month. With all three units rented, the property could potentially achieve a +/- 14% CAP rate. The property includes a metal roof and a community laundry area. The owner is responsible for utilities. This investment offers various possibilities, including continuing to rent for steady income, renovating to increase rents, or occupying one unit while renting the others. The property is situated on a 0.21-acre lot and has a total size of 2724 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.261021
- Latitude
- 35.010275
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing triplex with long-term tenants and high potential returns.
Where is this triplex located?
The property is located at 5 Franklin Place Chattanooga, TN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Income‑producing multi‑family property with immediate cash flow.; Current 9.3% CAP RATE with potential to reach +/- 14% with all units rented.; Two of three units currently rented month to month with long‑term tenants.
