6314 Fisk Avenue, Chattanooga, TN 37421
Local realty services provided by:CENTURY 21 Professional Group
6314 Fisk Avenue,Chattanooga, TN 37421
$325,000
- 7 Beds
- 3 Baths
- 2,497 sq. ft.
- Multi-family
- Pending
Listed by: charles jabaley
Office: keller williams realty
MLS#:1538168
Source:TN_CAR
Price summary
- Price:$325,000
- Price per sq. ft.:$130.16
About this home
Welcome to 6314 Fisk Ave - a very rare opportunity to exceed the 1% rule! This recently renovated triplex features three separately metered units with an excellent rental history. When fully occupied just recently, gross rents totaled $3,261/month, exceeding the 1% rule with room to push rents even higher. This investment includes two 2-bedroom, 1-bathroom units just under 800 square feet each, as well as a spacious 3-bedroom, 1-bathroom unit offering approximately 1,000 square feet of living space.
Here's where the flexibility comes in: Unit B was just freshly renovated and is vacant, and Unit A (currently rented at $1,376/month) will be vacant at closing and renovated to match Unit B's condition prior to Closing, as reflected in the photos. The seller intentionally created this setup to give buyers freedom - owner occupants can move right in and let the other units help pay the mortgage, while investors can hand-pick two of their own tenants at market rents. Unit C, the larger downstairs unit with its own 2 car garage and private entrance at the back of the property, is home to an outstanding long-term tenant currently paying $1,010/month, providing immediate income from day one.
The property had a new roof installed just 6 years ago, and also features newer siding. Each unit is equipped with in-unit laundry and features durable LVP flooring throughout for a modern look with minimal upkeep. Situated in a quiet residential neighborhood with easy access to Highway 153, this location provides quick connectivity to downtown Chattanooga, Volkswagen, Amazon, and other major employers - making it attractive to renters year-round.
Whether you're an owner occupant looking to house hack, an investor seeking a stable income-producing asset, 6314 Fisk Ave delivers both strong returns and long-term upside. Only Unit B is currently availabe for showings, other units can be viewed with acceptable offer. Unit C garage door will be replaced prior to Closing....
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Home facts
- Year built:1971
- Listing ID #:1538168
- Added:22 day(s) ago
- Updated:July 29, 2026 at 08:34 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,497 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1971
- Building area:2,497 sq. ft.
- Lot area:0.32 Acres
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$130.16
- Tax amount:$6,351
Parking
- Parking description:Off Street
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