Historic Church Conversion
602 Elm Avenue, South Pittsburg, TN 37380
MULTI_FAMILY - Contemporary - South Pittsburg, TN
Property size:
4,553 SFLot size:
0.48 AcresPrice / SF:
$153/SF- Added:
- Apr 23, 2026
- Days on Market:
- 66
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 602 Elm Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 9, Bathroom 2, Bedroom 5, Bathroom 6, Bedroom 3, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 1, Bathroom 4
- Parking features
- On Street, Parking Lot, Off Street, Driveway
- Window features
- Insulated Windows, Vinyl Frames
- Patio and Porch features
- Porch
- Interior features
- Double Vanity, En Suite, Entrance Foyer, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting, Storage, Tub/shower Combo, Walk-In Closet(s)
- Exterior features
- Garden
- Appliances
- Water Heater, Washer, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Free-Standing Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven, Electric Range, Electric Oven, Dryer, Dishwasher
- Standard status
- Active
- APN
- 142p C 04200 000
- Size
- 4,553 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Description
- Apartments
- Tax Annual Amount
- 4756
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Multi Units, Varies by Unit, Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1975
- Number of units
- 4
- Flooring type
- Vinyl, Tile
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
- Architectural style
- Contemporary
- Additional Structures
- Storage
Listing agent Diana Davies License #356940 (703) 764-0907
Listing office Real Estate Partners Chattanooga LLC 525 W Main Street Suite 101, Chattanooga, TN (423) 265-0088
Listing date Apr 23, 2026
MLS# 1533145
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
- Fully leased 4‑unit investment property in South Pittsburg, TN, converted from a historic church
- Unit mix: Unit 1 (3 bed/2 bath), Units 2 & 4 (2 bed/1 bath), Unit 3 (2 bed/2 bath)
- Includes in‑unit laundry and stainless steel appliances: refrigerator, microwave, oven, and dishwasher
- Vinyl and tile flooring, high‑speed internet, and interior features like double vanity, walk‑in closets, and en suite baths
- Brick construction with shingle/asphalt roof; electric heating plus central air (varies by unit as noted)
- On‑site parking options include driveway/off‑street/parking lot, with a porch and garden exterior space
Overview
This historic church conversion is a four-unit residential income property featuring contemporary finishes throughout. The building has been renovated to include stainless steel appliances in each unit, durable LVP flooring, and in-unit washer and dryer. Unit configurations include one 3-bedroom, 2-bath unit and three 2-bedroom units with 1- and 2-bath layouts. Dedicated parking and access to a shared outdoor space are included for residents.
The property is located at 602 Elm Avenue in South Pittsburg, Tennessee. The site size is listed as 0.48 acres, with a total building size of 4,553 square feet.
For buyers seeking a turnkey, occupied multifamily asset, this offering is currently fully leased and maintains consistent occupancy since renovation. The combination of original architectural character and updated interiors may appeal to tenants looking for in-home laundry convenience and appliance-equipped units, while providing an opportunity to own a distinctive income-producing property in a small, established community. Showings are scheduled after receipt of a formal offer and proof of funds to respect tenant privacy.
The property is located at 602 Elm Avenue in South Pittsburg, Tennessee. The site size is listed as 0.48 acres, with a total building size of 4,553 square feet.
For buyers seeking a turnkey, occupied multifamily asset, this offering is currently fully leased and maintains consistent occupancy since renovation. The combination of original architectural character and updated interiors may appeal to tenants looking for in-home laundry convenience and appliance-equipped units, while providing an opportunity to own a distinctive income-producing property in a small, established community. Showings are scheduled after receipt of a formal offer and proof of funds to respect tenant privacy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.3k | $15.00 |
| − Vacancy | −$4.4k | −$0.98 |
| EGI | $63.9k | $14.03 |
| − OpEx | −$19.2k | −$4.21 |
| NOI | $44.7k | $9.82 |
4,553 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.6K
$558.7K – $745.0K
NOI $44,699 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.01M
$879.9K – $1.17M
NOI $70,389 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
House of God Church
Church
Location Insight
- Map
- Local Demand
- City
- South Pittsburg
- County
- Marion
- State
- Tennessee
- Longitude
- -85.709099
- Latitude
- 35.008331
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully leased four-unit property with modern interiors, dedicated parking, and shared outdoor space in South Pittsburg.
Where is this quadplex located?
The property is located at 602 Elm Avenue South Pittsburg, TN.
What is the asking price?
The asking price for this property is $697,000.
What are key features of this property?
This property features: Fully leased 4‑unit investment property in South Pittsburg, TN, converted from a historic church; Unit mix: Unit 1 (3 bed/2 bath), Units 2 & 4 (2 bed/1 bath), Unit 3 (2 bed/2 bath); Includes in‑unit laundry and stainless steel appliances: refrigerator, microwave, oven, and dishwasher
