506 Hargraves Avenue
Chattanooga, TN 37411
4
Bed
3
Bath
1,378Sqft
0.30Acre(Lot)
Fully occupied duplex generating $1,900/month in rental income. Each unit features 2 bedrooms, 1 bath, and washer/dryer hookups. Strong cash-flow potential with stable tenants already in place. Ideal opportunity for investors seeking immediate income-producing property in a growing Chattanooga market. Property has been meticulously maintained with little to no deferred maintenance. Central HVAC installed 2019 as well as several new vinyl windows and new carpet in 2019. Property sits on a level lot on a quiet street with a shared fenced in back yard. Both sides are occupied at $950/month each with leases in place and long time tenants. *Do not disturb Tenants* *will show only w/ LOI or Bound Sale Agreement)
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 3 Full Baths: 2Room Information
Basement: Crawl Space -
Flooring Information
Carpet, Tile, Vinyl -
Roofing Information
Asphalt, Shingle -
Interior Features
Ceiling Fan(s), Entrance Foyer, Pantry Roof: Asphalt, Shingle Appliances: Free-Standing Refrigerator, Electric Range Laundry Features: In Kitchen, Inside Window Features: Insulated Windows -
Heating & Cooling
Has Heating: Yes Heating: Central, Electric Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s)
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Building Information
Year Built: 1950 Building Area Total: 1378 Construction Materials: Other Stories: 1 Patio And Porch Features: Covered, Porch Pool Features: None Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 80X163 Main Square Feet: 0.3 Acres Lot Size Acres: 0.3 Lot Size Square Feet: 13068 Lot Description: Gentle Sloping, Level, Sloped DownProperty Information
Subdivision: Shawnee Park Source Property Type: Residential Income MLS Area Minor: Chattanooga Property SubType: Duplex Levels: One Property Age: 76
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Listing Price Information
Listing Price: $255000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 147o Q 020 Annual Tax: $2261.6 Tax Legal Desc: LT 60 & PT LT 56 SHAWNEE PARK PB16 PG27 0067 05 10
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Parking Information
Concrete, Driveway, Gravel, Off Street, Other
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School Information
Elementary School: Woodmore ElementaryJunior High School: Dalewood MiddleSenior High School: Brainerd High -
Utility Information
Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Turn right onto Rogers Rd near the intersection of N Germantown Rd and Brainerd Rd. Slight left onto Vaughn Rd. Property is the second on the right. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5109 Sunbeam Avenue, Chattanooga, TN, 37411 | $245,000 | 4 | 2 | 1,402 | 1,402 SqFt |
| 207 Laws Avenue, Chattanooga, TN, 37411 | $299,950 | 3 | 4 | 1,620 | 1,620 SqFt |
| 212 Gillespie Road, Chattanooga, TN, 37411 | $250,000 | 4 | 5 | 1,664 | 1,664 SqFt |
| 3101 Engert Drive, Chattanooga, TN, 37411 | $235,000 | 4 | 2 | 1,500 | 1,500 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/16/2026 @ 13:39
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