$675,000
$675,000
For more information regarding the value of a property, please contact us for a free consultation.
4,644 SqFt
SOLD DATE : 07/23/2025
Key Details
Sold Price $675,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,644 sqft
Price per Sqft $145
MLS Listing ID 2964207
Sold Date 07/23/25
HOA Y/N No
Year Built 1981
Annual Tax Amount $4,071
Lot Dimensions 68X200
Property Description
Renovated Quadplex with Strong Income - 32 S Germantown Rd, Chattanooga, TN
Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors.
This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high.
Renovation Highlights:
•New LVP Flooring + new carpet in bedrooms
•Fully remodeled kitchens with modern layouts and finishes
•Brand-new appliances
•Updated bathrooms with new vanities, fixtures, toilets, and finishes
•Fresh interior and exterior paint for a clean, modern feel
•Updated hardware & lighting throughout
Rent Roll:
Unit 1: $1,200/mo
Unit 2: $1,300/mo
Unit 3: $1,175/mo
Unit 4: $1,300/mo
Total: $4,975/month
Investment Highlights:
•Flexible month to month lease terms ready to increase income
•Forced appreciation through available income growth
•Tenants pay all utilities - low owner expenses
•Located minutes from downtown Chattanooga, Brainerd, and I-24
•Strong area for long-term appreciation and rental growth
•Ideal for long-term buy-and-hold, house hacking, or 1031 exchange
•Perfect for owner-occupants - live in one unit and rent the others to offset your mortgage and build wealth
This is a rare opportunity to own a cash-flowing multifamily asset in a strong Chattanooga income and equity market. Whether you're an experienced investor or first-time multifamily buyer, this quadplex checks all the boxes.
*No showings of occupied units until accepted offer in place
*Agent is an immediate family member of seller
Location
State TN
County Hamilton County
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Other
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Sewer Public Sewer
Water Public
Structure Type Stone,Wood Siding
New Construction false
Schools
Elementary Schools East Ridge Elementary School
Middle Schools Dalewood Middle School
High Schools Brainerd High School
Others
Senior Community false
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of RealTrac as distributed by MLS GRID. All Rights Reserved.
Find out why customers are choosing LPT Realty to meet their real estate needs