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Off market
  • $331,100

    121 Melrose Dr, Chattanooga, TN 37421

    4beds
    1,718sqft
    MultiFamily
    Built in 1960
    -- sqft lot
    $331,100 Zestimate®
    $193/sqft
    $1,632 Estimated rent

    Home value

    $331,100

    $295,000 - $368,000

    $1,632/mo

    Zestimate® history
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    $1,632/mo

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    $1,632/mo

    Rent Zestimate®

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    $1,940/mo

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    $1,940/mo

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    What's special

    This is a rare opportunity for a buyer who has the cash to capitalize on this opportunity. This is a 2 bedroom duplex, with one side having a full bath and a half and the other side has just a full bath. This a great opportunity for a first time investor with no work need to have the property producing income because one side is already rented. The units have hardwood floors and the property does not have central air and heat. Both units have washer and dryer hookups, and a deck to relax after work. On day one you will have instant equity the value of this property is far above what we are asking for. This property has the potential to bring $1,400.00 a month or $16,800.00 a year. WOW!!! We are looking for an investor to bring cash to the table for this deal. Buyer to verify school zone. We are now the new owners of this wonderful income producing opportunity. Owner/agent, Chattanooga Investment Property, 6441 Bonny Oaks Drive, Chattanooga, TN 37416 office phone 423-665-5555 or cell phone 901-800-9791.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Other
    Features
    • Basement: Basement (not specified)
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,718 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: None
    Lot
    • Size: 0.30 Acres
    Details
    • Parcel number: 158HH004

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Shake / Shingle
    Condition
    • Year built: 1960

    Community & neighborhood

    Location
    • Region: Chattanooga

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/24/2017Listing removed$68,000$40/sqft
    Source: Owner Report a problem
    2/24/2017Listed for sale$68,000-86.4%$40/sqft
    Source: Owner Report a problem
    2/17/2017Sold$500,000+635.3%$291/sqft
    Source: Public Record Report a problem
    2/8/2017Pending sale$68,000$40/sqft
    Source: Owner Report a problem
    2/5/2017Listed for sale$68,000-6.2%$40/sqft
    Source: Owner Report a problem
    6/27/2013Sold$72,500-14.2%$42/sqft
    Source: Public Record Report a problem
    10/27/2011Listing removed$84,500$49/sqft
    Source: ReMax Properties North, LLC #1161050 Report a problem
    3/31/2011Listed for sale$84,500+7%$49/sqft
    Source: ReMax Properties North, LLC #1161050 Report a problem
    12/12/2001Sold$79,000+25.4%$46/sqft
    Source: Public Record Report a problem
    9/13/1995Sold$63,000$37/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,095 +71.5%$138,240 +153.2%
    2024$1,222 $54,600
    2023$1,222 $54,600
    2022$1,222 $54,600
    2021$1,222 +5.5%$54,600 +30.4%
    2020$1,158 $41,880
    2019$1,158 $41,880
    2018$1,158 -48.3%$41,880
    2017$2,238 +6.9%$41,880
    2016$2,094 --
    2015$2,094 $39,000
    2014$2,094 +91.6%--
    2013$1,093 $39,000 -1.3%
    2012$1,093 $39,520
    2011$1,093 $39,520
    2010$1,093 $39,520
    2009$1,093 $39,520 +12.3%
    2008-- $35,200 +60%
    2007-- $22,000
    2006-- $22,000
    2005-- $22,000 +6.8%
    2004-- $20,600
    2003-- $20,600
    2002-- $20,600 -37.5%
    2001-- $32,960 +31%
    2000-- $25,160

    Find assessor info on the county website

    Neighborhood: 37421

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: EBRA
    • Middle: Ooltewah Middle
    • High: OOLT

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $331,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $331,100