Discover this charming 2-bedroom, 1-bathroom home in Chattanooga's rapidly growing East Lake area! This property is currently leased for $975 per month with reliable tenants already in place, which presents an excellent opportunity for investors.
Inside, the home offers a functional layout with comfortable living spaces. Outside, you'll find a large detached outbuilding with exciting potential, perfect for converting into a workshop, studio, or even an ADU to create additional rental income.
Conveniently located just minutes from downtown Chattanooga, as well as nearby shops, restaurants, and parks, this property combines strong rental potential with a highly accessible location. Whether you're looking to expand your investment portfolio or purchase your first rental property, this turnkey opportunity is one you won't want to miss.
*Do not disturb tenants*
Contingent
$125,000
2815 3rd Ave, Chattanooga, TN 37407
2beds
768sqft
Single Family Residence
Built in 1965
7,840 Square Feet Lot
$116,100 Zestimate®
$163/sqft
$-- HOA
What's special
Large detached outbuildingFunctional layoutComfortable living spaces
- 122 days |
- 23 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Lisa Paller 303-931-1700,
Working Moms Realty LLC 423-826-9093
Source: Greater Chattanooga Realtors,MLS#: 1530064
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
Bedroom
- Level: First
Bathroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Free-Standing Range, Refrigerator, Washer/Dryer Stacked, Water Heater
- Laundry: Main Level
Features
- Ceiling Fan(s), Tub/shower Combo
- Flooring: Carpet, Tile, Vinyl
- Windows: Aluminum Frames
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 768
- Total interior livable area: 768 sqft
- Finished area above ground: 768
Property
Parking
- Parking features: Driveway, Off Street
Features
- Patio & porch: Rear Porch, Porch - Covered
- Exterior features: Rain Gutters
- Fencing: Chain Link
Lot
- Size: 7,840 Square Feet
- Dimensions: 50 x 145
- Features: Level
Details
- Additional structures: Outbuilding
- Parcel number: 156j F 013
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $90,500
- Annual tax amount: $503
- Date on market: 3/9/2026
- Listing terms: Cash,Conventional
Estimated market value
$116,100
$109,000 - $123,000
$1,175/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Contingent | $125,000$163/sqft |
Source: Greater Chattanooga Realtors #1530064 Report a problem | ||
| 3/9/2026 | Listed for sale | $125,000-7.1%$163/sqft |
Source: Greater Chattanooga Realtors #1530064 Report a problem | ||
| 2/6/2026 | Listing removed | $134,500$175/sqft |
Source: Greater Chattanooga Realtors #1522159 Report a problem | ||
| 1/1/2026 | Listed for sale | $134,500$175/sqft |
Source: Greater Chattanooga Realtors #1522159 Report a problem | ||
| 10/13/2025 | Contingent | $134,500$175/sqft |
Source: Greater Chattanooga Realtors #1522159 Report a problem | ||
| 10/10/2025 | Listed for sale | $134,500+198.9%$175/sqft |
Source: Greater Chattanooga Realtors #1522159 Report a problem | ||
| 7/7/2021 | Sold | $45,000+28.6%$59/sqft |
Source: Public Record Report a problem | ||
| 6/23/2017 | Sold | $35,000$46/sqft |
Source: Greater Chattanooga Realtors #1264095 Report a problem | ||
| 5/24/2017 | Pending sale | $35,000$46/sqft |
Source: RE/MAX Properties #1264095 Report a problem | ||
| 5/17/2017 | Listed for sale | $35,000+29.6%$46/sqft |
Source: Re/Max Properties #1264095 Report a problem | ||
| 6/24/2016 | Sold | $27,000-6.9%$35/sqft |
Source: Greater Chattanooga Realtors #1232007 Report a problem | ||
| 6/21/2016 | Pending sale | $29,000$38/sqft |
Source: Keller Williams - Chattanooga - Downtown #1232007 Report a problem | ||
| 6/3/2016 | Price change | $29,000-16.9%$38/sqft |
Source: Keller Williams - Chattanooga - Downtown #1232007 Report a problem | ||
| 4/14/2015 | Listed for sale | $34,900-0.3%$45/sqft |
Source: Keller Williams Realty #1226046 Report a problem | ||
| 2/17/2015 | Listing removed | $35,000$46/sqft |
Source: Keller Williams Realty #1218233 Report a problem | ||
| 10/15/2014 | Listed for sale | $35,000+2.9%$46/sqft |
Source: Keller Williams Realty #1218233 Report a problem | ||
| 4/22/2009 | Sold | $34,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $343 +36.5% | $22,625 +101.6% |
| 2024 | $251 | $11,225 |
| 2023 | $251 | $11,225 |
| 2022 | $251 | $11,225 |
| 2021 | $251 -6.6% | $11,225 +15.4% |
| 2020 | $269 | $9,725 |
| 2019 | $269 | $9,725 |
| 2018 | $269 -56.4% | $9,725 |
| 2017 | $617 -0.3% | $9,725 |
| 2016 | $619 | -- |
| 2015 | $619 | $9,925 |
| 2014 | $619 +96.3% | -- |
| 2013 | $315 | $9,925 -12.9% |
| 2012 | $315 | $11,400 |
| 2011 | $315 | $11,400 |
| 2010 | $315 | $11,400 |
| 2009 | $315 | $11,400 +5.8% |
| 2008 | -- | $10,775 |
| 2007 | -- | $10,775 |
| 2006 | -- | $10,775 |
| 2005 | -- | $10,775 +44.1% |
| 2004 | -- | $7,475 |
| 2003 | -- | $7,475 |
| 2002 | -- | $7,475 |
| 2001 | -- | $7,475 +9.1% |
| 2000 | -- | $6,850 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: East Lake
Nearby schools
GreatSchools rating
- 4/10Clifton Hills Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10East Lake Academy Of Fine ArtsGrades: 6-8Distance: 0.7 mi
- 4/10The Howard SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Clifton Hills Elementary
- Middle: East Lake Academy of Fine Arts
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
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