407 Colville St Chattanooga, TN 37405
North Chattanooga NeighborhoodEstimated payment $3,593/month
Highlights
- Popular Property
- No HOA
- Central Heating and Cooling System
- Wood Flooring
About This Home
Instant equity! Priced below appraised value! Amazing opportunity to own income producing property in the heart of Chattanooga's Northshore. 3 bedroom/1 bath unit on main rented at $1700 thru 12/19/2027. 1 bedroom/1 bath unit rented at $1150 thru 2/28/2026, efficiency rented at $950 thru 4/30/2026. This prime location is across from a community park with playground and tennis, and is in close proximity to Walnut Street bridge, boutiques, dining, grocery and entertainment. Set in a lovely neighborhood, in a good school district, with sidewalks and mature landscaping, just across from tennis and a playground, this location can not be beat! Selling as part of a 1031 exchange, with existing tenants.
Listing Agent
HomeSmart Brokerage Phone: 4704286637 License #374587 Listed on: 10/09/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,233
Year Built
- Built in 1920
Home Design
- Triplex
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,174 Sq Ft Home
- Property has 2 Levels
- Washer and Electric Dryer Hookup
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Alley Access
- Unpaved Parking
- On-Street Parking
Schools
- Normal Park Museum Magnet Elementary And Middle School
- Red Bank High School
Additional Features
- Lot Dimensions are 50x137.4
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 135D J 024
Community Details
Overview
- No Home Owners Association
- 3 Units
- Colvilles Addn Subdivision
Building Details
- Operating Expense $9,500
- Gross Income $45,600
- Net Operating Income $36,100
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 |
|---|---|---|---|---|
| 2024 | $1,472 | $65,800 | $0 | $0 |
| 2023 | $1,472 | $65,800 | $0 | $0 |
| 2022 | $1,472 | $65,800 | $0 | $0 |
| 2021 | $1,472 | $65,800 | $0 | $0 |
| 2020 | $1,332 | $48,160 | $0 | $0 |
| 2019 | $1,332 | $48,160 | $0 | $0 |
| 2018 | $1,223 | $48,160 | $0 | $0 |
| 2017 | $1,332 | $48,160 | $0 | $0 |
| 2016 | $1,118 | $0 | $0 | $0 |
| 2015 | $2,167 | $40,440 | $0 | $0 |
| 2014 | $2,167 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/05/2025 12/05/25 | Price Changed | $585,000 | 0.0% | $269 / Sq Ft | |
| 10/21/2025 10/21/25 | Price Changed | $1,700 | 0.0% | $1 / Sq Ft | |
| 10/09/2025 10/09/25 | For Sale | $595,000 | 0.0% | $274 / Sq Ft | |
| 09/12/2025 09/12/25 | For Rent | $1,850 | 0.0% | -- | |
| 09/21/2024 09/21/24 | Off Market | $1,850 | -- | -- | |
| 06/10/2024 06/10/24 | Rented | $1,850 | 0.0% | -- | |
| 05/22/2024 05/22/24 | For Rent | $1,850 | 0.0% | -- | |
| 10/13/2023 10/13/23 | Sold | $560,000 | -1.6% | $252 / Sq Ft | View Prior Sale |
| 09/28/2023 09/28/23 | Off Market | $569,000 | -- | -- | |
| 08/17/2023 08/17/23 | Price Changed | $569,000 | -1.7% | $257 / Sq Ft | |
| 08/07/2023 08/07/23 | Price Changed | $579,000 | -1.7% | $261 / Sq Ft | |
| 08/07/2023 08/07/23 | For Sale | $589,000 | 0.0% | $266 / Sq Ft | |
| 07/30/2023 07/30/23 | Off Market | $589,000 | -- | -- | |
| 06/28/2023 06/28/23 | Price Changed | $589,000 | -1.7% | $266 / Sq Ft | |
| 06/01/2023 06/01/23 | For Sale | $599,000 | +61.0% | $270 / Sq Ft | |
| 08/25/2021 08/25/21 | Sold | $372,000 | -4.4% | $168 / Sq Ft | View Prior Sale |
| 06/22/2021 06/22/21 | Pending | -- | -- | -- | |
| 06/17/2021 06/17/21 | For Sale | $389,000 | -- | $175 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $560,000 | None Listed On Document | |
| Warranty Deed | $372,000 | Title Guaranty & Trust Compa | |
| Warranty Deed | $118,500 | Title Guaranty & Trust Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $365,262 | FHA |
Source: Realtracs
MLS Number: 3013802
APN: 135D-J-024
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