$968,500
SOLD NOV 24, 2025
-- Bed
-- Bath
4,037 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$240 Per Sq Ft

1% Below List Price

0 Day on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • Furnished
  • Wood Flooring
  • High Ceiling
  • No HOA

About This Home

As of November 2025

Rare North Chattanooga investment opportunity... 5 updated and fully furnished units on Tremont St, next door to Aretha Frankenstein's and just a 5-minute walk to the North Shore, Walnut Street Bridge, Coolidge Park, the Riverwalk, and the Aquarium. Zoned R3, this property offers five doors under one roof in one of Chattanooga's most desirable locations and includes off street parking. The mix includes: (2) 2-bed units, (2) 1-bed units, and (1) studio, all updated and turnkey. Three units are currently leased, with two vacancies (one recent), creating immediate income with upside for new leasing. Fully furnished interiors reduce downtime and appeal to both medium-term and long-term rental strategies. Chattanooga continues to attract national attention for its growth, livability, and affordability. The metro has grown to nearly 600,000 residents, with steady population gains and rising household incomes. The city was recently recognized as North America's first ''National Park City,'' highlighting its unmatched access to outdoor recreation ... from the Riverwalk to the mountains ... paired with a vibrant downtown. Seasonal weather, a thriving culinary and cultural scene, and central access within two hours of Atlanta, Nashville, Huntsville, and Knoxville make Chattanooga a destination for both residents and investors. This is a rare chance to secure a well-positioned multifamily asset in the heart of North Chattanooga ... turnkey today, with room to grow tomorrow.

Last Agent to Sell the Property

Natalie Henson

Keller Williams Realty License #329006 Listed on: 11/24/2025

Keller Williams Realty

Last Buyer's Agent

dawnoneil ONeil

RE/MAX Renaissance Realtors License #302511

RE/MAX Renaissance Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,855

Year Built

  • Built in 1935

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Stone Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • Walk-In Closet
  • 4,037 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Living Room
  • Formal Dining Room
  • Den
  • Efficiency Studio
  • Partially Finished Basement
  • Laundry in Basement

Kitchen

  • Eat-In Kitchen
  • Stove
  • Free-Standing Electric Range

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Schools

  • Normal Park Elementary School
  • Normal Park Upper Middle School
  • Red Bank High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Enhanced Accessible Features
  • Front Porch

Listing and Financial Details

  • The owner pays for electricity, sewer, water
  • Assessor Parcel Number 135d Y 010

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $47,376

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,855

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Lot Size: 50X145M
  • Road Frontage Type: City Street
  • Subdivision Name: None
  • Directions: FROM DOWNTOWN TAKE MARKET ST BRIDGE TO RIGHT ON FRAZIER AVE THEN LEFT ONTO TREMONT. PROPERTY WILL BE ON THE RIGHT PAST ARETHA FRANKENSTEINS.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Living Area: 4037.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1935
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 135d Y 010
  • Location Tax and Legal Elementary School: Normal Park Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 4855.26
  • General Property Information Enhanced Accessible2: Yes
  • 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: 0.17
  • General Property Information Lot Size Square Feet2: 7405.2
  • General Property Information Lot Size Dimensions: 50X145M
  • 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: Rare North Chattanooga investment opportunity... 5 updated and fully furnished units on Tremont St, next door to Aretha Frankenstein's and just a 5-minute walk to the North Shore, Walnut Street Bridge, Coolidge Park, the Riverwalk, and the Aquarium. Zoned R3, this property offers five doors under one roof in one of Chattanooga's most desirable locations and includes off street parking. The mix includes: (2) 2-bed units, (2) 1-bed units, and (1) studio, all updated and turnkey. Three units are currently leased, with two vacancies (one recent), creating immediate income with upside for new leasing. Fully furnished interiors reduce downtime and appeal to both medium-term and long-term rental strategies. Chattanooga continues to attract national attention for its growth, livability, and affordability. The metro has grown to nearly 600,000 residents, with steady population gains and rising household incomes. The city was recently recognized as North America's first ''National Park City,'' highlighting its unmatched access to outdoor recreation ... from the Riverwalk to the mountains ... paired with a vibrant downtown. Seasonal weather, a thriving culinary and cultural scene, and central access within two hours of Atlanta, Nashville, Huntsville, and Knoxville make Chattanooga a destination for both residents and investors. This is a rare chance to secure a well-positioned multifamily asset in the heart of North Chattanooga ... turnkey today, with room to grow tomorrow.
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Normal Park Upper
  • Utilities Phone Available: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Levels Three Or More: Yes
  • General Property Information Stories2: 2
  • Appliances Water Heater2: Yes
  • Foundation Details Stone2: Yes
  • Laundry Features In Basement: Yes
  • Flooring:Concrete2: Yes
  • General Property Information Number Of Units Total2: 5.0
  • Unit 1 Furnished3: Furnished
  • Unit 1 Den3: Yes
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: Yes
  • Unit 1 Microwave6: No
  • Unit 1 Washer Dryer Hookups: No
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: No
  • Unit 2 Efficiency2: No
  • Unit 2 Furnished4: Furnished
  • Unit 2 Den4: Yes
  • Unit 2 Separate Dining2: Yes
  • Unit 2 Microwave7: No
  • Unit 3 Efficiency3: No
  • Unit 3 Furnished5: Furnished
  • Unit 3 Den5: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: No
  • Unit 3 Microwave8: No
  • Unit 3 Washer Dryer Hookups3: No
  • Owner Pays:Water3: Yes
  • Unit 4 Washer Dryer Hookups4: No
  • Owner Pays:Electricity2: Yes
  • Unit 4 Microwave9: No
  • Cooling Wall Unit(s): Yes
  • Unit 4 Efficiency4: No
  • Unit 4 Furnished6: Furnished
  • Unit 4 Den6: Yes
  • Unit 4 Living Room6: Yes
  • Unit 4 Separate Dining4: No
  • Unit 5 Efficiency5: Yes
  • Unit 5 Furnished7: Furnished
  • Unit 5 Den7: Yes
  • Unit 5 Living Room7: Yes
  • Unit 5 Separate Dining5: No
  • Unit 5 Microwave10: No
  • Unit 5 Washer Dryer Hookups5: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Water Heater, Refrigerator, Free-Standing Electric Range
  • Owner Pays: Electricity, Sewer, Water
  • Accessibility Features: Other
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Fireplace: No
  • Flooring: Carpet, Concrete, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen, High Ceilings, High Speed Internet, Open Floorplan, Walk-In Closet(s)
  • Community Features:Sidewalks: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:High Speed Internet: Yes
  • Community Features:None4: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Lot Features: Corner Lot, Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone, Other
  • Foundation Details: Stone
  • Patio And Porch Features: Front Porch
  • Roof: Shingle
  • Lot Features:Sloped: Yes
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Stone: Yes
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: In Basement
  • Cooling: Electric, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Normal Park Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Upper

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 135d Y 010

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 47376.0

Tax Info

  • Tax Annual Amount: 4855.26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2025
Closed on
Oct 31, 2025
Sold by
Pennington Tefft Revocable Trust and Allen Aimee R
Bought by
Park Investments Llc
Seller's Agent
Natalie Henson
Keller Williams Realty
Buyer's Agent
dawnoneil ONeil
RE/MAX Renaissance Realtors
List Price
$975,500
Sold Price
$968,500
Premium/Discount to List
-$7,000
-0.72%

Purchase Details

Closed on
Jul 15, 2021
Sold by
Pennington Beth
Bought by
Pennington Beth and Pennington Taft Revocable Trus

Purchase Details

Closed on
Dec 31, 2013
Sold by
Paden Susan W and Clark John
Bought by
Allen Aimee R and Pennington Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 26, 2007
Sold by
Beairsto Greg R
Bought by
Paden Susan W

Purchase Details

Closed on
Jan 17, 2005
Sold by
Brakebill Jeff M
Bought by
Beairsto Greg R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 23, 2001
Sold by
Scalf William O
Bought by
Brakebill Jeff M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.02%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $966,100 Bridge City Title
Interfamily Deed Transfer -- Team Title Legal Services
Warranty Deed $245,000 Realty Title And Escrow Serv
Quit Claim Deed -- None Available
Warranty Deed $190,000 None Available
Warranty Deed $120,000 Century Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Commercial
Previous Owner $190,000 Seller Take Back
Previous Owner $120,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 Sold $968,500 -0.7% $240 / Sq Ft
11/24/2025 11/24/25 Pending -- -- --
11/24/2025 11/24/25 For Sale $975,500 -- $242 / 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 $2,421 $108,200 $0 $0
2023 $2,421 $108,200 $0 $0
2022 $2,421 $108,200 $0 $0
2021 $2,421 $108,200 $0 $0
2020 $2,159 $78,080 $0 $0
2019 $2,159 $78,080 $0 $0
2018 $1,904 $78,080 $0 $0
2017 $2,159 $78,080 $0 $0
2016 $1,515 $0 $0 $0
2015 $2,896 $54,800 $0 $0
2014 $2,896 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1524445

Greater Chattanooga REALTORS®

APN: 135D-Y-010