About This Home

This 4-bedroom, 2-bathroom multi-family at 506 Hargraves Avenue in Chattanooga, TN is listed for $254,000 ($184 per sqft). Built in 1950, the home offers 1,378 sqft of living space on a 0.30 acres lot.

Key Features

  • Built in 1950
  • 0.30 acre lot

Property Details

1 story
2 full
1950

Amenities

A/C
Listing Description

Investment opportunity with owner-occupant potential! This Chattanooga duplex offers two 2-bedroom, 1-bath units, each with washer/dryer hookups and separate utility meters. A long-term tenant has occupied Side B since 2018 with rents at $950 currently Side A is vacant and is refreshed with new paint, luxury vinyl plank flooring, and updated hardware.

Buyers can now schedule showings of Side A through BrokerBay, offering an opportunity to see the available unit in person and consider living on one side while collecting rent from the other. Improvements since listing include updates to the water supply and waste lines and new LVP and paint on side A.

The property also features central HVAC, new vinyl windows on the front of units. It sits on a gently sloped lot on a quiet street with a shared fenced backyard. Please do not disturb the tenant in Side B. Schedule showings of Side A through BrokerBay; contact the listing agent for access details or questions about the occupied unit.

Monthly Cost Estimate

$1,358/mo

20% down · 6.5% · 30 years

Principal$184
Interest$1,101
Insurance$74

Estimates only. Actual payments may vary.

Location

506 Hargraves Avenue

Chattanooga, TN 37411

Shawnee Park

Features & Amenities

Interior Features

Ceiling Fan(s)Entrance FoyerLaminate CountersPantryTub/shower Combo

Property Details

Flooring

VinylCarpetTile

Outdoor Features

Porch

Parking

Off StreetDriveway

Heating

Electric (Heating)Central

Cooling

Central Air

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 506 Hargraves Avenue is listed at $254,000 ($184/sqft). The estimated monthly payment is $1,358 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.30 acre lot. Interior Features: Ceiling Fan(s), Entrance Foyer, Laminate Counters.

This property is listed by Candice Neal.

CN

Candice Neal

License 365457

Agent at Real Estate Partners Chattanooga LLC

Listed by Real Estate Partners Chattanooga LLC · Broker phone: (423) 265-0088 · View on Broker Site · Broker website

MLS# 1533085· Source: Greater Chattanooga Association of REALTORS· 192 days on PropertySimple

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.

506 Hargraves Avenue, Chattanooga, TN 37411

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