$4,156 Closing Credit¹
#1513214, Listing office: Redfin
$675,000 List price
32 S Germantown Rd Chattanooga, TN 37411
$8,016
Closing credit¹
4,644 sqft
0.3 acres
$145 / sqft
Multi-Family
Property details
About 32 S Germantown Rd
Renovated Quadplex with Strong Income - 32 S Germantown Rd, Chattanooga, TN Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors. This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high. Renovation Highlights: •New LVP Flooring + new carpet in bedrooms •Fully remodeled kitchens with modern layouts and finishes •Brand-new appliances •Updated bathrooms with new vanities, fixtures, toilets, and finishes •Fresh interior and exterior paint for a clean, modern feel •Updated hardware & lighting throughout Rent Roll: Unit 1: $1,200/mo Unit 2: $1,300/mo Unit 3: $1,175/mo Unit 4: $1,300/mo Total: $4,975/month Investment Highlights: •Flexible month to month lease terms ready to increase income •Forced appreciation through available income growth •Tenants pay all utilities - low owner expenses •Located minutes from downtown Chattanooga, Brainerd, and I-24 •Strong area for long-term appreciation and rental growth •Ideal for long-term buy-and-hold, house hacking, or 1031 exchange •Perfect for owner-occupants - live in one unit and rent the others to offset your mortgage and build wealth This is a rare opportunity to own a cash-flowing multifamily asset in a strong Chattanooga income and equity market. Whether you're an experienced investor or first-time multifamily buyer, this quadplex checks all the boxes. *No showings of occupied units until accepted offer in place *Agent is an immediate family member of seller
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air, Multi Unit(s)
Size4,644 sqft
Lot size0.31 Acres
Year built1981
ParkingDriveway, Parking Lot
MLS #1514603
Summary
- Appliances: Refrigerator, Electric Water Heater, Electric Oven, Dishwasher
- Basement: No
- Flooring Type: Carpet, Luxury Vinyl
- Attached Garage: No
- Parking: Driveway, Parking Lot
- Exterior: Balcony, Deck, Patio, Porch/Covered
- Heating: Central
- Cooling: Central Air, Multi Unit(s)
- List Price: $675,000
- Price/SqFt: $145
- Annual Tax Amount: $2,029
- Tax Year: 2023
- Directions: From I-24, take Exit 183B toward Germantown Rd, head south, and the property is .5 miles down on the right at 32 S Germantown Rd.
- Year Built: 1981
- Living Area: 4,644 SqFt
- Lot Size: 0.31 Acres
- MLS Number: 1514603
- MLS Name: Greater Chattanooga REALTORS®
- Office Name: Keller Williams Realty
- Office Phone: (423) 664-1900
- Office Email: matthew.gann@kw.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 10:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$675,000
32 S Germantown Rd
$8,016
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 24, 2021 | Home Sold | $384,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $90,720 | $2,029 |
| 2022 | $90,720 | $2,029 |
| 2021 | $90,720 | $4,437 |
| 2020 | $81,440 | $4,405 |
| 2019 | $81,440 | $2,251 |
| 2017 | $81,440 | $2,251 |
History based on county public records data.
Nearby schools
3
Barger Academy
Public Magnet KG-5
1.2 mi
•4808 Brainerd Rd
4
Woodmore Elementary School
Public District PK-5
1.4 mi
•800 Woodmore Ln
4
East Side Elementary School
Public District KG-5
1.6 mi
•1603 S Lyerly St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,152. Most Chattanooga, TN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
54%
<35k
29%
35k-100k
15%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
56%
Single, No Kids
10%
Single, with Kids
20%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
25%
18-34 yrs old
45%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
College Basketball
Horse Races
Where do the neighbors shop?
Family Dollar
Dillards
Stein Mart
Where do the neighbors go to eat?
White Castle
Logan's Roadhouse
LongHorn Steakhouse
What do the neighbors drive?
Chevrolet
Hyundai
Buick
What do the neighbors listen to?
Rock
Contemporary Inspirational
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 32 S Germantown Rd
The listing price of 32 S Germantown Rd property is $675,000.
The property 32 S Germantown Rd is a multi located in Chattanooga, Tennessee, 37411.
Active Listing: 32 S Germantown Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 32 S Germantown Rd are: Barger Academy (GreatSchools Rating 3/10), Woodmore Elementary School (GreatSchools Rating 4/10), East Side Elementary School (GreatSchools Rating 4/10), Chattanooga Charter School of Excellence Middle School (GreatSchools Rating 3/10), Chattanooga Preparatory School (GreatSchools Rating 5/10), Dalewood Middle School (GreatSchools Rating 2/10), Brainerd High School (GreatSchools Rating 2/10), Chattanooga Girls Leadership Academy (GreatSchools Rating 6/10), East Ridge High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $2,029 (source: MLS/based on county public records data).
The last sale was on June 24, 2021 for $384,900 (source: MLS/tax record).
The property 32 S Germantown Rd is 4,644 SqFt (source: MLS/tax record).
The year of construction for 32 S Germantown Rd is 1981.
This home is located at 32 S Germantown Rd in Chattanooga, TN and zip code 37411 in the Brainerd neighborhood. This 4,644 square foot home, which was built in 1981, sits on a 0.31 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $675,000.
In May 2025, from all listings sold in Chattanooga, TN there were more than 98 sold above asking price, over 183 sold below and more than 123 were sold right at the asked price. Between April and May 2025, Chattanooga, TN real estate market has seen no change in the number of listings . Listings spent 37 days on the market in May 2025, and had a median list price of $336,380 during the same period.
From Rocket Homes Real Estate and based on county public records data.