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5 Franklin Place, 
Chattanooga, TN 37412

$185,000

—

Bed

—

Bath

2,724

Sq Ft

Multi-Family

Active

Listed by

Dustin Mullins

, 

Fairouz Hassan

Real Estate Partners Chattanooga LLC.

423-265-0088

Last updated:

February 28, 2026, 12:54 AM

MLS#

1528731

Source:

TN CAR

About This Home

5 Franklin Place

Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE. The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer contingent on the buyer touring the property and approving the property.

Home Facts

Multi-Family

Built in 1930

Price Summary

185,000

$67 per Sq. Ft.

MLS #:

1528731

Last Updated:

February 28, 2026, 12:54 AM

Added:

15 day(s) ago

Rooms & Interior

Interior

Living Area:

2,724 Sq. Ft.

Structure

Structure

Building Area:

2,724 Sq. Ft.

Year Built:

1930

Lot

Lot Size (Sq. Ft):

9,147

Finances & Disclosures

Finances

Price:

$185,000

Price per Sq. Ft:

$67 per Sq. Ft.

Source:TN CAR
The information being provided by Greater Chattanooga Association Of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Chattanooga Association Of REALTORS® All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.