Renovated Triplex with Private
6314 Fisk Avenue Chattanooga, TN 37421
For Sale
$325,000
Pending
MULTI_FAMILY - Chattanooga, TN
Property Size2,497 SF
Lot Size0.32 Acres
Days on Market20
Property Features for 6314 Fisk Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 3
- Parking features
- Off Street
- Appliances
- Refrigerator, Range Hood, Oven, Electric Water Heater, Electric Range
- Standard status
- Pending
- APN
- 148g Q 016
- Size
- 2,497 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- Lt 33,34 Blk A Second Unit Washingt On Park Pb14 Pg144
- Tax Annual Amount
- 6351
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Number of units
- 3
- Roof type
- Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Charles Jabaley · License #TN352704
(423) 710-4602
Added: Jul 6
Changed: Jul 11
Last Checked: Jul 25 at 4:06AM
MLS# 1538168
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.
Investment Insights
Based on property information with market context.
6314 Fisk Avenue presents a renovated triplex with three separately metered units and durable LVP flooring throughout. The property includes two 2-bedroom, 1-bath units, each just under 800 square feet, and one larger 3-bedroom, 1-bath unit of approximately 1,000 square feet. Each unit is equipped with in-unit laundry, and Unit B has been freshly renovated and is currently vacant. The seller also plans to renovate Unit A to match Unit B’s condition prior to closing, as reflected in the available photos.
Unit C is a downstairs unit with a private entrance at the back of the property and its own 2-car garage. Unit C is occupied by a long-term tenant paying $1,010 per month. The recently achieved gross rents totaled $3,261 per month when fully occupied just recently, and Unit A is currently rented at $1,376 per month. The home has a new roof installed about six years ago, along with newer siding.
Located in a quiet residential neighborhood with easy access to Highway 153, 6314 Fisk Avenue offers connectivity to downtown Chattanooga and major employers including Volkswagen and Amazon. The current unit availability makes this property practical for owner occupants who want one unit for themselves while other units help offset expenses, as well as investors looking to select tenants for two units. Only Unit B is currently available for showings; other units can be viewed with an acceptable offer. The Unit C garage door will be replaced prior to closing.
Unit C is a downstairs unit with a private entrance at the back of the property and its own 2-car garage. Unit C is occupied by a long-term tenant paying $1,010 per month. The recently achieved gross rents totaled $3,261 per month when fully occupied just recently, and Unit A is currently rented at $1,376 per month. The home has a new roof installed about six years ago, along with newer siding.
Located in a quiet residential neighborhood with easy access to Highway 153, 6314 Fisk Avenue offers connectivity to downtown Chattanooga and major employers including Volkswagen and Amazon. The current unit availability makes this property practical for owner occupants who want one unit for themselves while other units help offset expenses, as well as investors looking to select tenants for two units. Only Unit B is currently available for showings; other units can be viewed with an acceptable offer. The Unit C garage door will be replaced prior to closing.
Key Highlights
- Recently renovated triplex with three separately metered units and in‑unit laundry in every unit
- Gross rents totaled $3,261/month when fully occupied; Unit C has a long‑term tenant paying $1,010/month
- Unit mix: two 2BR/1BA units just under 800 SF each, plus one 3BR/1BA unit offering approx. 1,000 SF
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 | $37.5k | $15.00 |
| − Vacancy | −$2.4k | −$0.98 |
| EGI | $35.0k | $14.03 |
| − OpEx | −$10.5k | −$4.21 |
| NOI | $24.5k | $9.82 |
2,497 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.6K
NOI $24,514 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$314.3K
$275.0K – $366.6K
NOI $21,998 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$551.5K
$482.5K – $643.4K
NOI $38,603 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three separately metered units with in-unit laundry and LVP flooring, including a vacant, newly renovated unit for immediate occupancy.
Where is this triplex located?
The property is located at 6314 Fisk Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Recently renovated triplex with three separately metered units and in‑unit laundry in every unit; Gross rents totaled $3,261/month when fully occupied; Unit C has a long‑term tenant paying $1,010/month; Unit mix: two 2BR/1BA units just under 800 SF each, plus one 3BR/1BA unit offering approx. 1,000 SF
