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    Chattanooga Quadplex: Value-Add Investment Title is generated by Realmo AI

    1500 Keeble Street, Chattanooga, TN 37412

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    Claim this Listing
    For Sale
    $579,900

    MULTI_FAMILY - Chattanooga, TN

    Property size:
    4,402 SF
    Lot size:
    0.47 Acres
    Price / SF:
    $131/SF
    Added:
    May 8, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 25 at 11:06 pm

    Property Features for 1500 Keeble Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 1, Bathroom 1, Bedroom 10
    Parking features
    Off Street, Driveway
    Standard status
    Active
    APN
    169k K 025
    Size
    4,402 SF
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Description
    Waterhouse No 1 Pb12 Pg21
    Tax Annual Amount
    3267

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Number of units
    4

    We can help!

    Contact an agent
    Rana K Clark

    Listing agent Rana K Clark License #356685

    Listing office Keller Williams Realty 7158 Lee Hwy, Chattanooga, TN

    Listing date May 8, 2026

    MLS# 1534467 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

    • Quadplex built in 1955 with central air cooling
    • Recently installed new roof
    • Public water and public sewer service
    • Off‑street parking with driveway
    • 10 bedrooms and 4 bathrooms (Bedroom 1–10, Bathroom 1–4)

    Overview

    This quadplex presents an investment opportunity with immediate rental income and value-add potential. A new roof ensures durability and reduced maintenance costs. The property features a mix of tenant-occupied and vacant units, offering immediate cash flow and opportunities for lease-up or renovation. The location provides access to shopping, dining, major highways, and public transit. The property is situated on a 0.47-acre lot. The building size is 4402 square feet. This property is suitable for first-time landlords, seasoned investors, and those looking to expand their portfolio. Buyers are responsible for verifying any and all things they deem important.

    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 $66.0k $15.00
    − Vacancy −$4.3k −$0.98
    EGI $61.7k $14.03
    − OpEx −$18.5k −$4.21
    NOI $43.2k $9.82
    4,402 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $617.4K
    $540.2K – $720.3K (±1% cap)
    NOI $43,217 @ 7.0% cap · market cap 7.45%
    Second Best
    Apartment 5plus
    $554.0K
    $484.8K – $646.3K (±1% cap)
    NOI $38,780 @ 7.0% cap · market cap 6.69%
    Theoretical Best
    Office A
    $972.2K
    $850.7K – $1.13M (±1% cap)
    NOI $68,054 @ 7.0% cap · market cap 11.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.220745
    Latitude
    34.989963

    FAQs

    What type of property is this?
    Quadplex - Value-add quadplex with new roof and income potential.
    Where is this quadplex located?
    The property is located at 1500 Keeble Street Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $579,900.
    What are key features of this property?
    This property features: Quadplex built in 1955 with central air cooling; Recently installed new roof; Public water and public sewer service
    More about this property
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