3308 Easton Ave Chattanooga, TN 37415
Estimated payment $1,745/month
Highlights
- Ranch Style House
- Brick Veneer
- Central Heating and Cooling System
- No HOA
- Living Room
- Carpet
About This Home
Fully leased and RECENTLY REMODELED duplex offering investors a stabilized, INCOME-PRODUCING ASSET in the Red Bank area of Chattanooga. Both units are currently occupied, providing IMMEDIATE INCOME and eliminating the need for lease-up after closing. Recent improvements have modernized the property while maintaining durable, LOW-MAINTENANCE finishes designed for long-term tenant occupancy. Each unit features a functional layout with updates that support CONSISTENT RENTAL DEMAND. Located on a spacious lot with convenient access to downtown Chattanooga, major commuter routes, shopping, and dining, the property benefits from a location that continues to attract renters. Chattanooga's growing population, expanding job market, and steady housing demand have made the city an increasingly attractive market for multifamily investors. With BOTH UNITS LEASED and RENOVATIONS ALREADY COMPLETE, this property presents a rare opportunity to acquire a TURNKEY duplex in a market known for strong rental demand and long-term investment potential. Tenant occupied. Please do not disturb tenants. Please do not walk property. Showings to be scheduled after an offer is accepted.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,634
Year Built
- Built in 1960 | Remodeled
Lot Details
- 0.4 Acre Lot
- Lot Dimensions are 85x150
Parking
- Driveway
Home Design
- Duplex
- Ranch Style House
- Brick Veneer
- Block Foundation
- Shingle Roof
- Block And Beam Construction
Interior Spaces
- 1,500 Sq Ft Home
- Living Room
- Washer and Dryer Hookup
Kitchen
- Electric Range
- Stove
Flooring
- Carpet
- Laminate
Schools
- Rivermont Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Electric Water Heater
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 118h F 012
Community Details
Overview
- No Home Owners Association
- 2 Units
- Lupton Hills Subdivision
Building Details
- Gross Income $33,144
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,397 | $92,160 | $0 | $0 |
| 2024 | $1,208 | $54,000 | $0 | $0 |
| 2023 | $2,250 | $54,000 | $0 | $0 |
| 2022 | $1,851 | $54,000 | $0 | $0 |
| 2021 | $2,235 | $54,000 | $0 | $0 |
| 2020 | $1,988 | $37,520 | $0 | $0 |
| 2019 | $1,988 | $37,520 | $0 | $0 |
| 2018 | $1,988 | $37,520 | $0 | $0 |
| 2017 | $1,910 | $37,520 | $0 | $0 |
| 2016 | $1,910 | $0 | $0 | $0 |
| 2015 | $1,901 | $36,000 | $0 | $0 |
| 2014 | $1,901 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $290,000 | +26.1% | $193 / Sq Ft | |
| 03/25/2025 03/25/25 | Sold | $230,000 | -9.4% | $153 / Sq Ft | View Prior Sale |
| 02/13/2025 02/13/25 | Pending | -- | -- | -- | |
| 02/07/2025 02/07/25 | Price Changed | $253,867 | 0.0% | $169 / Sq Ft | |
| 02/07/2025 02/07/25 | For Sale | $253,867 | +10.4% | $169 / Sq Ft | |
| 01/27/2025 01/27/25 | Off Market | $230,000 | -- | -- | |
| 12/18/2024 12/18/24 | For Sale | $219,900 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $230,000 | Title Guaranty & Trust | |
| Warranty Deed | $230,000 | Title Guaranty & Trust | |
| Warranty Deed | $390,000 | Title Guaranty & Trust | |
| Deed | $85,000 | -- | |
| Warranty Deed | $85,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $172,500 | New Conventional | |
| Closed | $172,500 | New Conventional | |
| Previous Owner | $32,470 | Construction | |
| Previous Owner | $85,000 | Purchase Money Mortgage | |
| Previous Owner | $50,000 | Seller Take Back |
Source: Greater Chattanooga REALTORS®
MLS Number: 1529814
APN: 118H-F-012
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Ask me questions while you tour the home.