Immediate income. Five leased residences. Future flexibility. Located at 1500 & 1502 E. 13th Street, this fully occupied Chattanooga portfolio combines four townhomes and one detached single-family residence totaling approximately 6,455 square feet. Current rents generate $8,115 per month, or $97,140 in annual gross rental income.
Each townhome offers approximately 1,220 square feet, while the detached residence includes approximately 1,575 square feet. Most tenants are on one-year leases, with Unit 112 leased month-to-month, providing an established income stream alongside near-term flexibility.
Situated on a spacious corner lot with alley access, the property features dedicated parking for each townhome, additional parking behind the residence, a rear-building sprinkler system, and underground stormwater management. Newer townhome construction adds appeal for investors seeking a manageable residential portfolio.
Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property offers access to employment, dining, breweries, and entertainment. Hold the portfolio for ongoing rental income, explore future rent adjustments as leases renew, or pursue potential individual unit sales, subject to verification of separate ownership and applicable requirements. An opportunity to acquire five income-producing residences in Chattanooga's urban core.
For sale
$1,295,000
1500-1502 E 13th St, Chattanooga, TN 37404
11beds
6,455sqft
Townhouse
Built in 2022
0.3 Acres Lot
$-- Zestimate®
$201/sqft
$-- HOA
What's special
Newer townhome constructionAlley accessRear-building sprinkler systemSpacious corner lotUnderground stormwater management
- 6 hours
- 50
- 7
Zillow last checked:
Listing updated:
Listed by:
Grace Frank 423-208-3834,
Zach Taylor - Chattanooga 855-261-2233
Source: Greater Chattanooga Realtors,MLS#: 1543721
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 9
- Full bathrooms: 5
- 1/2 bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Disposal, Dishwasher, Electric Oven, Electric Water Heater, Free-Standing Electric Oven, Microwave, Washer/Dryer, Washer/Dryer Stacked
- Laundry: Laundry Closet, Electric Dryer Hookup, In Hall
Features
- Tub/shower Combo, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting
- Flooring: Carpet, Hardwood, Luxury Vinyl
- Windows: ENERGY STAR Qualified Windows, Vinyl Frames
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,455
- Total interior livable area: 6,455 sqft
Property
Parking
- Parking features: Gravel, Off Street
Features
- Patio & porch: Covered, Front Porch
- Exterior features: Courtyard, Lighting
- Pool features: None
- Spa features: None
- Fencing: Chain Link
Lot
- Size: 0.3 Acres
- Features: Back Yard, City Lot, Front Yard, Level
Details
- Parcel number: Tbd
- Special conditions: Investor
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary
- Property subtype: Townhouse
Materials
- Block, Cement Siding, Wood Siding
- Foundation: Block, Slab
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Fort & Porter Addn
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $201/sqft
- Date on market: 10/1/2026
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $1,295,000$201/sqft |
Source: Greater Chattanooga Realtors #1543721 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Highland Park
Nearby schools
Schools provided by the listing agent
- Elementary: East Side Elementary
- Middle: Orchard Knob Middle
- High: Howard School of Academics & Tech
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
