Investment opportunity in Chattanooga's Southside featuring two duplexes with a total of four income-producing units. Located just off Main Street, the properties are positioned in one of Chattanooga's most active urban neighborhoods, with convenient access to Downtown and the restaurants, shops, entertainment, and businesses throughout the Southside.
Each unit currently rents for $900 per month, providing a combined rental income of $3,600 per month, or $43,200 annually at current rents. With four separate units across two duplexes, the property offers an established income stream while giving an investor flexibility for future rental strategies and improvements.
The combination of existing rental income and a location just off the Main Street corridor makes this an attractive opportunity for an investor looking to add multifamily property in the Southside Chattanooga area.
Owner/Agent.
For sale
$399,900
1511 S Greenwood Ave, Chattanooga, TN 37404
8beds
2,936sqft
Duplex
Built in 1920
-- sqft lot
$387,600 Zestimate®
$136/sqft
$-- HOA
What's special
- 11 days |
- 311 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Liam Pinson 423-260-5578,
Keller Williams Realty 423-664-1900
Source: Greater Chattanooga Realtors,MLS#: 1540013
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Cooling
- Electric, Wall Unit(s)
Appliances
- Included: Electric Oven, Electric Water Heater, Free-Standing Electric Range, Refrigerator
- Laundry: Electric Dryer Hookup, Main Level, Multiple Locations, Washer Hookup
Features
- Flooring: Carpet, Vinyl
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,936
- Total interior livable area: 2,936 sqft
Property
Parking
- Parking features: Gravel, Off Street
Features
- Levels: One
- Patio & porch: Porch
- Exterior features: Private Yard
- Fencing: Chain Link,Wood
Lot
- Size: 7,840 Square Feet
- Dimensions: 38 x 100
- Features: Rectangular Lot
Details
- Parcel number: 146p L 003
- Special conditions: Agent Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Foundation: Block
- Roof: Shingle
Condition
- Fixer,Updated/Remodeled
- New construction: No
- Year built: 1920
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: Stone & Evans
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $159,600
- Annual tax amount: $4,399
- Date on market: 8/4/2026
- Listing terms: Conventional,Special Funding
- Tenant pays: All Utilities
- Road surface type: Asphalt
Estimated market value
$387,600
$368,000 - $407,000
$1,464/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $399,900+158%$136/sqft |
Source: Greater Chattanooga Realtors #1540013 Report a problem | ||
| 10/24/2023 | Sold | $155,000+158.3%$53/sqft |
Source: Public Record Report a problem | ||
| 12/3/2020 | Sold | $60,000+57.9%$20/sqft |
Source: Public Record Report a problem | ||
| 4/11/2005 | Sold | $38,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $968 +80.2% | $63,840 +166% |
| 2024 | $537 | $24,000 |
| 2023 | $537 | $24,000 |
| 2022 | $537 | $24,000 |
| 2021 | $537 +7.9% | $24,000 +33.3% |
| 2020 | $498 | $18,000 |
| 2019 | $498 | $18,000 |
| 2018 | $498 -51.9% | $18,000 |
| 2017 | $1,034 +0.5% | $18,000 |
| 2016 | $1,029 | -- |
| 2015 | $1,029 | $18,000 |
| 2014 | $1,029 +113.3% | -- |
| 2013 | $482 | $18,000 +3.2% |
| 2012 | $482 | $17,440 |
| 2011 | $482 | $17,440 |
| 2010 | $482 | $17,440 |
| 2009 | $482 | $17,440 +6.1% |
| 2008 | -- | $16,440 |
| 2007 | -- | $16,440 |
| 2006 | -- | $16,440 |
| 2005 | -- | $16,440 +13.2% |
| 2004 | -- | $14,520 |
| 2003 | -- | $14,520 |
| 2002 | -- | $14,520 |
| 2001 | -- | $14,520 +9% |
| 2000 | -- | $13,320 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Ferger Place
Nearby schools
GreatSchools rating
- 6/10East Side Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Orchard Knob Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10The Howard SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Eastside 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.
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