#1516940, Listing office: SquareOne Realty, LLC
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
CoolingMulti Unit(s), Window Unit(s)
Size908 sqft
BasementYes
Year built1930
ParkingOff Street
MLS #1507159
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Off Street
- Exterior: Deck, Patio
- Heating: Electric
- Cooling: Multi Unit(s), Window Unit(s)
- List Price: $190,000
- Price/SqFt: $209
- Annual Tax Amount: $1,023
- Tax Year: 2023
- Lot: Split Possible
- Directions: From I-24 W, take exit 184 toward Moore Rd. Merge onto North Terrace. Turn left onto S Germantown Rd. Turn right onto Cathy Ln. Turn left onto Donaldson Rd. Continue straight onto Poindexter Ave. Turn right onto Franklin Pl. Home will be on the left.
- Year Built: 1930
- Stories: 1
- Living Area: 908 SqFt
- 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: 7/31/2025, 11:40:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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 majority of Chattanooga, TN residents have income less than $<35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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
Chattanooga's transportation infrastructure includes a mix of public transit options and well-maintained roads and highways that facilitate travel within the city and to surrounding areas. The public transit system provides connectivity across neighborhoods, with schedules designed to accommodate commuters and residents. The city is also bike-friendly, with dedicated lanes and trails that encourage cycling as a mode of transport. Efforts to improve transport efficiency and accessibility are ongoing, reflecting Chattanooga's dedication to a sustainable and connected urban environment.
The community benefits from a robust educational system, with numerous public and private schools, as well as higher education institutions that contribute to the city's intellectual environment. Healthcare facilities in Chattanooga are comprehensive, offering a range of services from primary care to specialized treatments. The city also features a network of public libraries and a variety of retail and dining options that reflect the local culture. Initiatives to enhance services, particularly in response to demographic shifts, are a testament to the city's commitment to meeting the needs of its residents.
Chattanooga is celebrated for its vibrant community spirit and scenic beauty, nestled along the Tennessee River and surrounded by mountains. The city prides itself on its outdoor recreational opportunities, including world-class rock climbing, hiking, and water sports. Cultural events and festivals throughout the year showcase the city's diverse heritage and foster a strong sense of community among residents.
Chattanooga's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles range from historic Victorian and Tudor homes to contemporary new constructions. The market is dynamic, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the exact composition of the housing market can vary, there is a healthy balance between homeownership and rental opportunities, accommodating a variety of lifestyle needs.
About 5 Franklin Pl
The listing price of 5 Franklin Pl property is $190,000.
The property 5 Franklin Pl is a multi located in Chattanooga, Tennessee, 37412.
Active Listing: 5 Franklin Pl is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5 Franklin Pl are: East Ridge Elementary School (GreatSchools Rating 3/10), East Side Elementary School (GreatSchools Rating 4/10), Chattanooga Charter School of Excellence (GreatSchools Rating 4/10), Chattanooga Charter School of Excellence Middle School (GreatSchools Rating 3/10), East Lake Academy (GreatSchools Rating 3/10), Chattanooga Preparatory School (GreatSchools Rating 5/10), East Ridge High School (GreatSchools Rating 3/10), Chattanooga Girls Leadership Academy (GreatSchools Rating 6/10), Brainerd High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,023 (source: MLS/based on county public records data).
The last sale was on November 13, 2002 for $28,500 (source: MLS/tax record).
The property 5 Franklin Pl is 908 SqFt (source: MLS/tax record).
The year of construction for 5 Franklin Pl is 1930.
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.
Chattanooga, TN housing market in June 2025 saw over 80 listings sold above listed price, more than 117 sold at listed price and over 209 sold below. Between May and June 2025, Chattanooga, TN real estate market has seen increase in the number of listings by 2.7%. In June 2025, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $337,499.
From Rocket Homes Real Estate and based on county public records data.