Do Real Estate on the Go!
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$150,000
3 Beds
3 Baths
2,724sqft
5 Franklin Pl, Chattanooga, TN 37412
$150,000
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Multi Family
Built in 1930
$-- HOA
-- sqft lot
$55/sq.ft
Description
Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE.
The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your m...
- Houzeo last checked: 28 Minutes ago
- Listing updated: March 19, 2026 at 7:01 pm
- Listing Provided by: Dustin Mullins (423) 991-4806 DRE #351594, Fairouz Hassan DRE #361858 | Real Estate Partners Chattanooga, LLC (423) 265-0088
- Source: Nashville (RealTracs Mid) MLS-TN | MLS#: 3132231
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1930
HOA Fees
-
Finished Area
2,724 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3132231
MLS Status
Active
Days on Market
30
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