4-Unit Brick
New
For Sale
$650,000
1039 E 5th Street, Chattanooga, TN 37403
Residential Income, Chattanooga, TN
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$270.83
Days on Market2
Property Features for 1039 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4
Parking features
Off Street
Window features
Storm Window(s), Wood Frames
Patio and Porch features
Porch, Deck
Interior features
Granite Counters, Natural Woodwork
Exterior features
Awning(s)
Basement
Crawl Space
Appliances
Water Heater, Washer/Dryer, Free-Standing Refrigerator, Free-Standing Electric Range, Dishwasher
Subdivision
Hope & Chandler
Elementary school
Brown Academy
Middle school
Orchard Knob Middle
High school
Howard School of Academics & Tech
Directions
From downtown Chattanooga, take 3rd Street to Central Avenue and turn right. Quadplex is at the corner of Central and E 5th Street.
Standard status
Active
APN
146a N 014
Size
2,400 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lt 8 Blk 6 Hope & Chandler N/R
Tax Annual Amount
7938
Legal Description
Lt 8 Blk 6 Hope & Chandler N/R
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Tile - Ceramic, Wood
Building materials
Brick
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Grace Frank · License #305329
(423) 208-3834
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 2:06PM
MLS# 1545767
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot brick quadplex contains four residences on a 0.1-acre lot. Built in 1930, it was renovated in 2014, with updates to plumbing, electrical, HVAC, and roofing. Interior details include hardwood floors, high ceilings, natural woodwork, and operable original windows; the property also has a porch and deck.
The four-unit configuration can accommodate rental use or occupancy of one residence alongside rentals in the others, subject to existing leases. Public water and sewer serve the property, and off-street parking is available.
The four-unit configuration can accommodate rental use or occupancy of one residence alongside rentals in the others, subject to existing leases. Public water and sewer serve the property, and off-street parking is available.
Key Highlights
- Four‑unit property with 2,400 square feet of building area
- 0.1‑acre lot
- Built in 1930; renovated in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,562
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$33.7K $14.03/SF
− OpEx
−$10.1K −$4.21/SF
NOI
$23.6K $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%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$302.0K
$264.3K – $352.4K
NOI $21,143 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,104 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 37403, TN
5,666
Population
2,394
Households
2.4
Avg Household Size
26
Median Age
49%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
3,333
Density / Sq Mi
$65,750
Median Household Income
$12,410
Median Earnings
$1,253
Median Rent
$444,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences support a multifamily rental or owner-occupant configuration.
Where is this quadplex located?
The property is located at 1039 E 5th Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit property with 2,400 square feet of building area; 0.1‑acre lot; Built in 1930; renovated in 2014
