506 Hargraves Avenue, Chattanooga, TN 37411
MULTI_FAMILY - Contemporary - Chattanooga, TN
- Added:
- Apr 22, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 20 at 7:06 pm
Property Features for 506 Hargraves Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Parking features
- Off Street, Driveway
- Window features
- Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Entrance Foyer, Pantry, Tub/shower Combo
- Fencing
- Fenced
- Basement
- Crawl Space
- Appliances
- Free-Standing Refrigerator, Electric Range
- Standard status
- Active
- APN
- 147o Q 020
- Size
- 1,378 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Description
- LT 60 & PT LT 56 SHAWNEE PARK PB16 PG27 0067 05 10
- Tax Annual Amount
- 2262
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet, Vinyl
- Roof type
- Shingle, Asphalt
- Architectural style
- Contemporary
Listing agent Candice Neal License #365457 (706) 273-9176
Listing office Real Estate Partners Chattanooga LLC 2115 Stein Drive, Chattanooga, TN (423) 362-8333
Listing date Apr 22, 2026
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 occupied 2‑unit duplex generating $1,900/month in rental income (both sides rented at $950/month each)
- Each unit offers 2 bedrooms and 1 bathroom, with washer/dryer hookups
- Central HVAC installed in 2019, plus new vinyl windows and new carpet in 2019
- Shared fenced backyard and level lot on a quiet street
- Utilities: public water and public sewer; roof is shingle/asphalt
- Off‑street parking with driveway; exterior includes a porch
Overview
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 | $20.7k | $15.00 |
| − Vacancy | −$1.3k | −$0.98 |
| EGI | $19.3k | $14.03 |
| − OpEx | −$5.8k | −$4.21 |
| NOI | $13.5k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.231461
- Latitude
- 35.026859
