$3,325 Closing Credit¹
#1505874, Listing Office: Realty One Group Experts
$190,000 List price
5 Franklin Pl Chattanooga, TN 37412
$2,256
Closing credit¹
908 sqft
$209 / sqft
Multi-Family
Property details
About 5 Franklin Pl
Welcome to 5 Franklin Pl, Chattanooga, TN 37411—an income-producing multi-family property with three rented units, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $2,300, with all tenants currently on month-to-month leases. The property includes a durable metal roof, a convenient community laundry area, and utilities covered by the owner. Whether you're looking to continue renting for steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer.
Highlights
Home typeTriplex
HeatingElectric
StatusActive
CoolingWall Unit(s), Window Unit(s)
Size908 sqft
BasementYes
Year built1930
ParkingOff Street
MLS #1507159
Summary
- MLS Number: 1507159
- MLS Name: Greater Chattanooga REALTORS®
- Office Name: Crye-Leike, REALTORS
- Office Phone: (423) 870-5202
- Office Email: ktucker@crye-leike.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: 2/26/2025, 12:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$190,000
5 Franklin Pl
$2,256
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 13, 2002 | Home Sold | $28,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $29,350 | $1,023 |
| 2022 | $29,350 | $1,023 |
| 2021 | $29,350 | $1,263 |
| 2020 | $20,225 | $1,212 |
History based on county public records data.
Nearby schools
3
East Ridge Elementary School
Public District PK-5
1.2 mi
•1014 John Ross Rd
4
East Side Elementary School
Public District KG-5
1.2 mi
•1603 S Lyerly St
4
Chattanooga Charter School of Excellence
Public Charter KG-5
1.3 mi
•2029 E 23rd 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 $29,383. The most common annual income of people living in Chattanooga, TN is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
60%
<35k
28%
35k-100k
8%
100k-200k
4%
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?
59%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
42%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
Horse Races
Where do the neighbors shop?
Burlington
Stein Mart
Forever 21
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
LongHorn Steakhouse
What do the neighbors drive?
Dodge
Pontiac
Buick
What do the neighbors listen to?
Urban Contemporary
Contemporary Inspirational
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Chattanooga, TN
About 5 Franklin Pl
This home is located at 5 Franklin Pl in Chattanooga, TN and zip code 37412. This 908 square foot home was built in 1930. Features: 0 bathroom. It has been listed on Rocket Homes since February 10, 2025 and is currently priced at $190,000.
Over 31 listings were sold over their listed price in January 2025 in Chattanooga, TN. In the same period over 163 listings were sold below the listed price and 66 listings were sold for the listed price. The inventory of homes for sale in Chattanooga, TN between December and January 2025 decreased by 0.8%. In January 2025, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $330,891.
From Rocket Homes Real Estate and based on county public records data.