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For sale
    • $255,000

    506 Hargraves Ave, Chattanooga, TN 37411

    4beds
    1,378sqft
    : 
    $1,591/mo
    Get pre-qualified
    Duplex
    Built in 1950
    -- sqft lot
    $251,600 Zestimate®
    $185/sqft
    $-- HOA

    What's special

    Separate utility metersSeveral vinyl windowsShared fenced backyardLevel lotQuiet streetCentral hvac
    Income-producing duplex offering both immediate rental income and upcoming owner-occupant potential. Each unit features 2 bedrooms, 1 bath, washer/dryer hookups, separate utility meters, and central HVAC. Currently generating $1,900/month in rental income, with one tenant in place since 2018 and the second lease expiring in August--creating an excellent opportunity for an owner-occupant to live in one unit while offsetting their mortgage with rental income, or for an investor to lease the unit at market rent. Major updates include central HVAC, several vinyl windows, and carpet replaced in 2019. Sellers are also completing replacement of the horizontal water supply and drain plumbing (estimated completion early august), further enhancing the property's value and marketability. Situated on a level lot on a quiet street with a shared fenced backyard, this property offers flexibility for both investors and owner-occupants in Chattanooga's growing market. Please do not disturb tenants. Showings available during due diligence with an accepted purchase agreement or Letter of Intent.
    100 days
    |
    886
    |
    74
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Candice Neal 706-273-9176,

    Real Estate Partners Chattanooga LLC 423-362-8333

    Source: Greater Chattanooga Realtors,MLS#: 1533085

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range, Free-Standing Refrigerator
      • Laundry: Inside, In Kitchen
      Features
      • Tub/shower Combo, Ceiling Fan(s), Entrance Foyer, Pantry
      • Flooring: Carpet, Tile, Vinyl
      • Windows: Insulated Windows
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 1,378
      • Total interior livable area: 1,378 sqft
      • Finished area above ground: 1,378

      Property

      Parking
      • Parking features: Concrete, Driveway, Gravel, Off Street, Other
      Features
      • Levels: One
      • Patio & porch: Covered, Porch - Covered
      • Exterior features: None
      • Pool features: None
      • Spa features: None
      • Fencing: Back Yard,Fenced
      Lot
      • Size: 0.3 Acres
      • Dimensions: 80 x 163
      • Features: Gentle Sloping, Level, Sloped Down
      Details
      • Parcel number: 147o Q 020
      • Special conditions: Investor
      • Other equipment: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Contemporary
      • Property subtype: Duplex
      Materials
      • Other
      • Foundation: Block
      • Roof: Asphalt,Shingle
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: None
      • Subdivision: Shawnee Park
      HOA
      • Has HOA: No
      Location
      • Region: Chattanooga

      Financial & listing details

      • Price per square foot: $185/sqft
      • Tax assessed value: $224,400
      • Annual tax amount: $2,261
      • Date on market: 6/20/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Inclusions: Refrigerators in each unit
      • Tenant pays: Electricity, Sewer, Water
      • Road surface type: Paved

        Estimated market value

        $251,600

        $239,000 - $264,000

        $1,483/mo

        Price history

        DateEventPrice
        6/20/2026Listed for sale$255,000$185/sqft
        Source: Greater Chattanooga Realtors #1533085 Report a problem
        6/13/2026Contingent$255,000$185/sqft
        Source: Greater Chattanooga Realtors #1533085 Report a problem
        5/31/2026Listed for sale$255,000$185/sqft
        Source: Greater Chattanooga Realtors #1533085 Report a problem
        5/14/2026Contingent$255,000$185/sqft
        Source: Greater Chattanooga Realtors #1533085 Report a problem
        4/22/2026Listed for sale$255,000+28.1%$185/sqft
        Source: Greater Chattanooga Realtors #1533085 Report a problem
        8/20/2021Sold$199,000+47.4%$144/sqft
        Source: Public Record Report a problem
        6/10/2019Sold$135,000$98/sqft
        Source: Greater Chattanooga Realtors #1299019 Report a problem
        5/14/2019Pending sale$135,000$98/sqft
        Source: Keller Williams Realty #1299019 Report a problem
        5/1/2019Listed for sale$135,000+50.2%$98/sqft
        Source: Keller Williams Realty #1299019 Report a problem
        3/31/2012Listing removed$89,900$65/sqft
        Source: KW Commercial Report a problem
        10/4/2011Price change$89,900-10%$65/sqft
        Source: KW Commercial Report a problem
        6/25/2011Listed for sale$99,900$72/sqft
        Source: KW Commercial Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,360 +20.7%$89,760 +78.1%
        2024$1,128 $50,400
        2023$1,128 $50,400
        2022$1,128 $50,400
        2021$1,128 +41.6%$50,400 +75%
        2020$796 $28,800
        2019$796 $28,800
        2018$796 -49.6%$28,800
        2017$1,579 +16.3%$28,800
        2016$1,357 --
        2015$1,357 $24,480
        2014$1,357 +81%--
        2013$750 $24,480 -9.7%
        2012$750 $27,120
        2011$750 $27,120
        2010$750 $27,120
        2009$750 $27,120 +11.5%
        2008-- $24,320
        2007-- $24,320
        2006-- $24,320
        2005-- $24,320 +36.3%
        2004-- $17,840
        2003-- $17,840
        2002-- $17,840
        2001-- $17,840 +13.5%
        2000-- $15,720
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Shawnee Hills

        Getting around

        22 / 100
        Car-Dependent
        24 / 100
        Minimal Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Woodmore Elementary
        • Middle: Dalewood Middle
        • High: Brainerd High

        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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