$205,000
SOLD AUG 21, 2025
-- Bed
-- Bath
1,924 Sq Ft
8,842 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

18% Below List Price

3 Days on Market

Highlights

  • No HOA
  • Living Room
  • Central Heating and Cooling System

About This Home

As of August 2025

PROVEN INCOME PROPERTY. Enjoy steady income with this solid workforce housing in the heart of Chattanooga's Brainerd neighborhood. Total income is $1,650 per month which yielded a 6.2% cap rate in 2024. The Brainerd area is desirable for its central location and proximity to highways, UTC, employment, shopping, public transportation, and downtown Chattanooga.
Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal.
NOTE RE ACCESS: Since this is an occupied rental property access for walk-thru can only be granted upon acceptance of an offer or strong LOI.

Last Agent to Sell the Property

Philip Lancaster

Rock Point Real Estate License #296531 Listed on: 07/04/2025

Last Buyer's Agent

Yulian Paramo

Keller Williams Realty Greater Dalton License #403913

Keller Williams Realty Greater Dalton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,809

Year Built

  • Built in 1960

Lot Details

  • 8,842 Sq Ft Lot
  • Lot Dimensions are 65.5x135

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,924 Sq Ft Home
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Stove

Schools

  • Woodmore Elementary School
  • Dalewood Middle School
  • Brainerd High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Brainerd Subdivision

Listing and Financial Details

  • Assessor Parcel Number 157c B 028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,809

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 65.5X135
  • Subdivision Name: Brainerd
  • Directions: Take Brainerd Rd. east from Missionary Ridge, left (north) on N. Moore Rd., left on Rogers Rd. and proceed past Woodvale Ave. to house on right.
  • Carport Y N: No
  • Garage Yn: No
  • Living Area: 1924.0
  • New Construction: No
  • Year Built: 1960
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 157c B 028
  • Location Tax and Legal Elementary School: Woodmore Elementary
  • Location Tax and Legal High School: Brainerd High
  • Location Tax and Legal:Tax Annual Amount: 1809.28
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Enhanced Accessible2: No
  • 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: 0.203
  • General Property Information Lot Size Square Feet2: 8842.0
  • General Property Information Lot Size Dimensions: 65.5X135
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Dalewood Middle
  • Sewer:Public Sewer: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Furnished3: Unfurnished
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: No
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Efficiency2: No
  • Unit 2 Furnished4: Unfurnished
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: No
  • Unit 2 Microwave7: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range
  • Basement YN: No
  • Fireplace: No
  • Appliances:Electric Range: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Exterior Features: None
  • Roof: Shingle, See Remarks
  • Exterior Features:None8: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Woodmore Elementary
  • High School: Brainerd High
  • Middle Or Junior School: Dalewood Middle

Lot Info

  • Lot Size Sq Ft: 8842.0
  • Additional Parcels: No
  • Parcel #: 157c B 028

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1809.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2025
Closed on
Aug 18, 2025
Sold by
Chattanooga Eleven Llc
Bought by
Nova Mar Ventures Llc
Seller's Agent
Philip Lancaster
Rock Point Real Estate
Buyer's Agent
Yulian Paramo
Keller Williams Realty Greater Dalton
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
108.12%
Original Mortgage
$309,896
Outstanding Balance
$305,538
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
-$78,385

Purchase Details

Listed on
Jul 4, 2025
Closed on
Jul 3, 2025
Sold by
Beulah Property Group Llc
Bought by
Chattanooga Eleven Llc
Seller's Agent
Philip Lancaster
Rock Point Real Estate
Buyer's Agent
Yulian Paramo
Keller Williams Realty Greater Dalton
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,896
Outstanding Balance
$305,538
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
-$78,385

Purchase Details

Closed on
Apr 16, 2025
Sold by
Mkn Properties Llc
Bought by
Beulah Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2018
Sold by
The Bank Of New York Mellon As Trustee
Bought by
Mkn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2017
Sold by
Stanard Robert
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jun 30, 2006
Sold by
Collins Sean L and Brown Brenda
Bought by
Stanard Robert A

Purchase Details

Closed on
Feb 10, 2003
Sold by
Manz Michael Alan and Manz Margaret
Bought by
Collins Sean L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,200
Interest Rate
5.89%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $410,000 Ensign Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $1,520,000 First Title
Limited Warranty Deed $44,000 Fidelity Land Title Agency
Trustee Deed $52,500 None Available
Warranty Deed $105,000 First American Title Ins Co
Warranty Deed $60,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,896 New Conventional
Previous Owner $1,064,000 New Conventional
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $48,200 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2025 08/21/25 Sold $205,000 -10.5% $107 / Sq Ft
08/19/2025 08/19/25 Off Market $229,000 -- --
07/07/2025 07/07/25 Pending -- -- --
05/28/2025 05/28/25 Price Changed $229,000 -5.4% $119 / Sq Ft
05/16/2025 05/16/25 Price Changed $242,000 -3.2% $126 / Sq Ft
04/30/2025 04/30/25 For Sale $250,000 -- $130 / 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
2024 $902 $40,320 $0 $0
2023 $902 $40,320 $0 $0
2022 $902 $40,320 $0 $0
2021 $902 $40,320 $0 $0
2020 $876 $31,680 $0 $0
2019 $876 $31,680 $0 $0
2018 $848 $31,680 $0 $0
2017 $876 $31,680 $0 $0
2016 $876 $0 $0 $0
2015 $1,723 $31,680 $0 $0
2014 $1,723 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1512025

Greater Chattanooga REALTORS®

APN: 157C-B-028