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  • $473,999

    615 Colville St, Chattanooga, TN 37405

    2beds
    3baths
    1,624sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $483,500 Zestimate®
    $292/sqft
    $1,854 Estimated rent

    Home value

    $483,500

    $430,000 - $537,000

    $1,854/mo

    Zestimate® history
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    What's special

    Turnkey investment opportunity in Hill City-the heart of North Chattanooga! This fully occupied, consistently maintained triplex offers immediate and consistent income from day one. Featuring approximately 2,000 square feet, the property includes TWO 1 bedroom efficiency units, and ONE 2-bedroom unit--providing a strong and balanced rental mix. The property features off-street parking with a large rear lot, offering ample space to comfortably accommodate all units--a rare and valuable amenity that enhances tenant convenience and long-term rental appeal. Recent improvements include mini-split systems replaced in Unit C (approx. 2 years ago) and Unit A (approx. 2.5 years ago), a Jack and Beam system completed in August 2022, with a fully encapsulated crawl space, providing enhanced structural integrity, moisture control, and long-term durability. Windows were replaced approx. 2.5 yrs ago. Units A and C are equipped with stackable washer and dryer units, adding convenience for tenants. Located just minutes from Downtown, Frazier Avenue, and top-rated Normal Park schools, this property sits in a highly desirable historic district with proven, long-term rental demand. Whether you're expanding your portfolio or securing a reliable income-producing asset, this is an opportunity you don't want to miss. Property is being sold as-is.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Michelle Dowdy 423-476-5535,

    Coldwell Banker Commercial Kinard Realty

    Bought with:

    Michelle Dowdy, 362494

    Coldwell Banker Commercial Kinard Realty

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3191664MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Features
    • Flooring: Other
    Interior area
    • Total structure area: 1,624
    • Total interior livable area: 1,624 sqft

    Property

    Parking
    • Parking features: Detached, Gravel, Parking Lot
    Features
    • Levels: Three Or More
    Lot
    • Size: 7,500 sqft
    • Dimensions: 50 x 150
    Details
    • Parcel number: 135D K 035

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Chattanooga
    • Subdivision: Colvilles Addn

    HOA & financial

    Other financial information
    • Total actual rent: 3420

    Price history

    DateEventPrice
    5/4/2026Sold$473,999-12.2%$292/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3191664 Report a problem
    7/3/2024Listing removed--
    Source: Greater Chattanooga Realtors #1388041 Report a problem
    4/18/2024Price change$540,000+5.9%$333/sqft
    Source: Greater Chattanooga Realtors #1388041 Report a problem
    4/17/2024Price change$510,000-10.5%$314/sqft
    Source: Greater Chattanooga Realtors #1388041 Report a problem
    3/14/2024Price change$570,000-3.4%$351/sqft
    Source: Greater Chattanooga Realtors #1388041 Report a problem
    3/7/2024Listed for sale$590,000+34.1%$363/sqft
    Source: Greater Chattanooga Realtors #1388041 Report a problem
    4/7/2022Sold$440,000+0.2%$271/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    2/25/2022Contingent$439,000$270/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    2/14/2022Price change$439,000-2.4%$270/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    2/4/2022Listed for sale$450,000$277/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    1/25/2022Contingent$450,000$277/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    1/11/2022Listed for sale$450,000+49.9%$277/sqft
    Source: Greater Chattanooga Realtors #1348007 Report a problem
    2/3/2020Sold$300,251-11.7%$185/sqft
    Source: Public Record Report a problem
    11/19/2019Pending sale$339,900$209/sqft
    Source: Keller Williams Realty #1308530 Report a problem
    11/15/2019Listed for sale$339,900$209/sqft
    Source: Keller Williams Realty #1308530 Report a problem
    11/1/2019Pending sale$339,900$209/sqft
    Source: Keller Williams Realty #1308530 Report a problem
    10/23/2019Listed for sale$339,900+25.9%$209/sqft
    Source: Keller Williams Realty #1308530 Report a problem
    11/30/2018Listing removed$1,150$1/sqft
    Source: Owner Report a problem
    11/15/2018Price change$1,150-8%$1/sqft
    Source: Owner Report a problem
    11/13/2018Listed for rent$1,250$1/sqft
    Source: Owner Report a problem
    7/27/2017Listing removed$269,900$166/sqft
    Source: Chattanooga - Downtown #1263414 Report a problem
    6/19/2017Price change$269,900-2.9%$166/sqft
    Source: Chattanooga - Downtown #1263414 Report a problem
    6/16/2017Price change$277,900-2.5%$171/sqft
    Source: Chattanooga - Downtown #1263414 Report a problem
    5/9/2017Listed for sale$284,900+5.6%$175/sqft
    Source: Chattanooga - Downtown #1263414 Report a problem
    4/4/2017Listing removed$269,900$166/sqft
    Source: Keller Williams - Chattanooga - Downtown #1257458 Report a problem
    3/8/2017Price change$269,900-10%$166/sqft
    Source: Keller Williams - Chattanooga - Downtown #1257458 Report a problem
    2/22/2017Listed for sale$299,900+104%$185/sqft
    Source: Keller Williams - Chattanooga - Downtown #1257458 Report a problem
    9/17/2013Sold$147,000+13.1%$91/sqft
    Source: Public Record Report a problem
    1/4/2006Sold$130,000+441.7%$80/sqft
    Source: Public Record Report a problem
    12/29/1995Sold$24,000$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,077 +16.1%$203,040 +71.4%
    2024$2,650 $118,440
    2023$2,650 $118,440
    2022$2,650 $118,440
    2021$2,650 +53.5%$118,440 +89.7%
    2020$1,727 $62,440
    2019$1,727 $62,440
    2018$1,727 -47.3%$62,440
    2017$3,275 +79.9%$62,440
    2016$1,820 --
    2015$1,820 $33,600
    2014$1,820 +81.4%--
    2013$1,003 $33,600 -7.4%
    2012$1,003 $36,280
    2011$1,003 $36,280
    2010$1,003 $36,280
    2009$1,003 $36,280 +22.6%
    2008-- $29,600
    2007-- $29,600
    2006-- $29,600
    2005-- $29,600 +20.9%
    2004-- $24,480
    2003-- $24,480
    2002-- $24,480
    2001-- $24,480 +108.9%
    2000-- $11,720

    Find assessor info on the county website

    Neighborhood: Lower North Shore

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Normal Park Museum Magnet School
    • Middle: Normal Park Museum Magnet School
    • High: Red Bank High School

    Source: RealTracs MLS as distributed by MLS GRID. 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
    $483,500
    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
    $483,500