# 5 Franklin Place, Chattanooga, TN 37412

> **TL;DR:** 3bd/0ba residential multi family, $150,000 ($55/sqft), built 1930, 2,724 sqft.
> A/C. Est. $650/mo. Listed 51 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $150,000 |
| Price/sqft | $55 |
| Bedrooms | 3 |
| Square Feet | 2,724 |
| Year Built | 1930 |
| Lot Size | 9,148 sqft (0.21 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 51 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $650 |
| **Total** | **$650** |

## Nearby Schools

- **Elementary:** East Ridge Elementary
- **Middle:** East Ridge Middle
- **High:** East Ridge High

## Key Amenities

- A/C

## Property Highlights

- Built in 1930
- 0.21 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 5 Franklin Place, Chattanooga, TN 37412
- **County:** Hamilton
- **Neighborhood:** Hewitt Wilson Etal
- **Coordinates:** 35.010275, -85.261021
- **Google Maps:** https://www.google.com/maps?q=35.010275,-85.261021

## Listing Agent

- **Name:** Dustin Mullins
- **Brokerage:** Real Estate Partners Chattanooga LLC
- **Phone:** 4239914806
- **Email:** Dustin@thedustinmullinsteam.com

## Primary Photo

![5 Franklin Place - Primary Photo](http://lh.rdcpix.com/15ff966a6aa0b168eacf5944ba7ff8c8l-f456493415r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/5-franklin-place-chattanooga-tn-37412-1528731)*

---

**MLS#:** 1528731 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/5-franklin-place-chattanooga-tn-37412-1528731)

---

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