Historic Triplex with
For Sale
$500,000
835 Tremont Street, Chattanooga, TN 37405
Residential Income, Chattanooga, TN
Property Size2,953 SF
Lot Size0.23 Acres
Price / SF$169.32
Days on Market36
Property Features for 835 Tremont Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 4
Parking features
Off Street, Driveway
Patio and Porch features
Deck, Porch, Patio
Interior features
Eat-in Kitchen, High Ceilings, Open Floorplan, Storage
Exterior features
Private Yard, Storage
Basement
Unfinished, Partial, Crawl Space
Subdivision
North Chatt Map No 1
Lot features
Gentle Sloping
Elementary school
Normal Park Elementary
Middle school
Normal Park Upper
High school
Red Bank High School
Directions
Take Frazier Ave and turn North on Tremont Street. Property is on the left before Mississippi Ave. Note: downstairs unit is accessible from Boylston St.
Standard status
Active
APN
136a B 002
Size
2,953 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOT 13 BLK 11 NORTH CHATT MAP NO 1 PB3 PG31
Tax Annual Amount
6748
Legal Description
LOT 13 BLK 11 NORTH CHATT MAP NO 1 PB3 PG31
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Multi Units, Central Air
Water source
Public
Amenities
covered front porch
stackable washer/dryer
loft storage areas
private rear deck
firepit area
detached garage
dry basement storage
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Building materials
Aluminum Siding
Roof type
Membrane
Additional Structures
Storage
Listing Agency:
REAL Broker
(844) 591-7325
Listed By:
Corey Ballew · License #332263
(423) 529-0696
Added: Sep 2
Changed: Oct 1
Last Checked: Oct 7 at 1:06AM
MLS# 1542045
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.
Built in 1920, this 2,953-square-foot triplex occupies a 0.23-acre parcel in Chattanooga. The property contains three updated residences: two one-bedroom, one-bath units and one two-bedroom, two-bath unit. Unit features include stackable washer and dryer setups, washer and dryer hookups, a covered front porch, a rear deck, a firepit area, two loft storage areas, and 14-foot ceilings. Major systems have been updated, and the building has a membrane roof.
The property includes a detached garage, private rear parking reached from Boylston Street, additional off-street parking, and dry basement storage. Public water and sewer serve the site. Located at 835 Tremont Street, the triplex is one block from Normal Park Elementary and Aretha Frankenstein, with Coolidge Park, the Tennessee River, restaurants, shops, bars, and Downtown Chattanooga within walking distance.
The property includes a detached garage, private rear parking reached from Boylston Street, additional off-street parking, and dry basement storage. Public water and sewer serve the site. Located at 835 Tremont Street, the triplex is one block from Normal Park Elementary and Aretha Frankenstein, with Coolidge Park, the Tennessee River, restaurants, shops, bars, and Downtown Chattanooga within walking distance.
Key Highlights
- Three‑unit configuration with two 1BR/1BA residences and one 2BR/2BA residence
- 2,953 square feet on a 0.23‑acre parcel
- Unit B features 14' ceilings and two loft storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,991
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,820
$579.8K
Cap Rate 7%
$414,157
$414.2K
Cap Rate 9%
$322,122
$322.1K
Market Conditions
NOI Build-Up for 2,953 SF
Gross rent
$44.3K $15.00/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$41.4K $14.03/SF
− OpEx
−$12.4K −$4.21/SF
NOI
$29.0K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,820
Cap Rate 7%
$414,157
Cap Rate 9%
$322,122
Alternative Uses
Best Use
Multifamily LT 5
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$371.6K
$325.2K – $433.6K
NOI $26,015 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$652.2K
$570.7K – $760.9K
NOI $45,653 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated rental units with private outdoor areas, basement storage, and access to rear parking.
Where is this triplex located?
The property is located at 835 Tremont Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three‑unit configuration with two 1BR/1BA residences and one 2BR/2BA residence; 2,953 square feet on a 0.23‑acre parcel; Unit B features 14' ceilings and two loft storage areas
