NOT LISTED FOR SALE

Estimated Value: $142,000 - $319,000

-- Bed
4 Baths
2,328 Sq Ft
$113/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $242,000 $104 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,456/month

13 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Living Room
  • 1-minute walk to Caruthers Park

About This Home

As of March 2022

Don't miss this rare opportunity to own a fully functional duplex in the heart of Chattanooga, offering strong cash flow potential and long-term upside. Located at 1203 E34th Street, this under-rented duplex features two spacious units, each with 3 bedrooms and 2 full bathrooms—a rare and highly desirable layout for the area.

Each side offers generous square footage, open living spaces, and functional layouts that attract tenants seeking more room without sacrificing convenience. With both units currently rented below market value, there's significant room for immediate rent increases and improved cash-on-cash return. Live in one side and rent the other, or lease both for solid investment income.

Situated in a central Chattanooga location near schools, public transit, dining, and just minutes from downtown, this duplex offers easy access to all the city has to offer—while giving your tenants the space and privacy of a full home.

Whether you're a first-time investor or looking to expand your portfolio, this multi-family property checks all the boxes: location, layout, and upside potential. Don't wait—properties like this don't last long!

Both 1201 and 1203 E 34th St are available for sale. All but one tenant are on a month to month term. Eligible for Vouchers.

1203 E34th street does require flood insurance at $3517/year

No showings until contract in place. Please do not disturb tenants.

This must be sold as a package including 1201 and 1203 e34th street, two adjacent properties and duplexes.

Last Agent to Sell the Property

Grace Frank

Chattanooga Real Estate Group LLC Listed on: 01/10/2022

Last Buyer's Agent

Tyler Michael

Keller Williams Realty License #353650

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,196

Year Built

  • Built in 2004

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 126.60x100.0
  • Fenced
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,328 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Schools

  • Calvin Donaldson Elementary School
  • East Lake Academy Of Fine Arts Middle School
  • Howard School Of Academics & Tech High School

Additional Features

  • Flood Insurance May Be Required
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 156p E 027.01

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $20,928

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,196

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Lot Size: 126.60X100.0
  • Subdivision Name: None
  • Directions: Heading S on Rossville Blvd from downtown Chattanooga, turn Right onto E 34th St. Turn Right to Stay on E 34th St. Turn Right onto Brannon Ave, and the duplex is on the Right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2328.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2004
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 156p E 027.01
  • Location Tax and Legal Elementary School: Calvin Donaldson Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 2196.38
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Lot Size Square Feet2: 12196.8
  • General Property Information Lot Size Dimensions: 126.60X100.0
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Incredible opportunity to purchase two duplexes in East Lake with excellent rental income history. 1201 & 1203 E 34th St are neighboring two-story duplexes being sold together as a package deal; both were built in 2004 and feature 2,328 sqft and low maintenance brick and vinyl siding exteriors. All four units boast 3 bedrooms, 2 full bathrooms, living rooms, eat-in kitchens, off-street parking, and access to the large fenced yard. Additionally, they are adjacent to a city park. A contract expiring 8/29/39 with the Chattanooga Housing Authority provides for project based vouchers for these rental units (vouchers go with the property, not the tenants).
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Lake Academy of Fine Arts
  • Fencing Fenced: Yes
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Disclosures Flood Insurance May Be Required: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Disclosures: Flood Insurance May Be Required
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Calvin Donaldson Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: East Lake Academy of Fine Arts

Lot Info

  • Lot Size Sq Ft: 12196.8
  • Parcel #: 156p E 027.01
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 20928.0

Tax Info

  • Tax Annual Amount: 2196.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Mar 15, 2022
Sold by
Hudson and Julianne
Bought by
Hua Adam
Seller's Agent
Grace Frank
Chattanooga Real Estate Group LLC
Buyer's Agent
Tyler Michael
Keller Williams Realty
List Price
$498,000
Sold Price
$242,000
Premium/Discount to List
-$256,000
-51.41%
Current Estimated Value
$263,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,294
Avg. Annual Appreciation
2.24%
Original Mortgage
$169,400
Outstanding Balance
$157,286
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$106,008

Purchase Details

Listed on
Mar 1, 2019
Closed on
Aug 30, 2019
Sold by
Wildcat Properties Two Llc
Bought by
Hudson David and Hudson Julianne
Seller's Agent
Jamie Glenn
Berkshire Hathaway HomeServices Realty Center
Buyer's Agent
Tim West
Keller Williams Realty
List Price
$160,000
Sold Price
$142,500
Premium/Discount to List
-$17,500
-10.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.18%
Original Mortgage
$106,875
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2015
Sold by
Vaughn James Watson and Hisey Matthew Thomas
Bought by
Wildcat Properties Two Llc

Purchase Details

Closed on
Jul 30, 2015
Sold by
Fannie Mae
Bought by
Vaughn James Watson and Hisey Matthew Thomas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hua Adam $242,000 Bridge City Abstract
Hudson David $142,500 First Title
Wildcat Properties Two Llc -- None Available
Vaughn James Watson $79,000 Associates Closing & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hua Adam $169,400
Previous Owner Hudson David $106,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2025 06/30/25 For Sale $300,000 +24.0% $129 / Sq Ft
03/15/2022 03/15/22 Sold $242,000 -51.4% $104 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $498,000 +249.5% $214 / Sq Ft
08/30/2019 08/30/19 Sold $142,500 -10.9% $61 / Sq Ft View Prior Sale
07/19/2019 07/19/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $160,000 -- $69 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $968 $63,840 $0 $0
2024 $1,206 $53,920 $0 $0
2023 $1,206 $53,920 $0 $0
2022 $1,206 $53,920 $0 $0
2021 $1,206 $53,920 $0 $0
2020 $1,205 $43,560 $0 $0
2019 $1,205 $43,560 $0 $0
2018 $1,118 $43,560 $0 $0
2017 $1,205 $43,560 $0 $0
2016 $1,205 $0 $0 $0
2015 $2,326 $43,560 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1348270

Greater Chattanooga REALTORS®

APN: 156P-E-027.01