32 S Germantown Road
Chattanooga, TN 37411
Map
- – beds
- – baths
- 4,644 sqft
- 13,600 sqft lot
- $145 per sqft
- 1981 build
- – on site
Renovated Quadplex with Strong Income - 32 S Germantown Rd, Chattanooga, TN Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors. This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high. Renovation Highlights: •New LVP Flooring + new carpet in bedrooms •Fully remodeled kitchens with modern layouts and finishes •Brand-new appliances •Updated bathrooms with new vanities, fixtures, toilets, and finishes •Fresh interior and exterior paint for a clean, modern feel •Updated hardware & lighting throughout Rent Roll: Unit 1: $1,200/mo Unit 2: $1,300/mo Unit 3: $1,175/mo Unit 4: $1,300/mo Total: $4,975/month Investment Highlights: •Flexible month to month lease terms ready to increase income •Forced appreciation through available income growth •Tenants pay all utilities - low owner expenses •Located minutes from downtown Chattanooga, Brainerd, and I-24 •Strong area for long-term appreciation and rental growth •Ideal for long-term buy-and-hold, house hacking, or 1031 exchange •Perfect for owner-occupants - live in one unit and rent the others to offset your mortgage and build wealth This is a rare opportunity to own a cash-flowing multifamily asset in a strong Chattanooga income and equity market. Whether you're an experienced investor or first-time multifamily buyer, this quadplex checks all the boxes. *No showings of occupied units until accepted offer in place *Agent is an immediate family member of seller
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 13, 2025
•
MLS# 1514603 —
The Building
-
Year Built:1981
-
New Construction:false
-
Builder Name:None
-
Construction Materials:Stone, Wood Siding
-
Stories:2
-
Stories Total:None
-
Roof:Shingle
-
Basement:false
-
Exterior Features:Balcony
-
Patio And Porch Features:Deck, Patio, Porch - Covered
-
Building Area Total:4644.0
-
Above Grade Finished Area:4644.0
Interior
-
Furnished:None
-
Flooring:Carpet, Luxury Vinyl
-
Fireplace:false
-
Laundry Features:In Unit
-
Zoning Description:None
Room Dimensions
-
Living Area:4644.0
-
Living Area Units:None
-
Living Area Source:Tax Records
Location
-
Directions:From I-24, take Exit 183B toward Germantown Rd, head south, and the property is .5 miles down on the right at 32 S Germantown Rd.
-
Latitude:35.021247
-
Longitude:-85.247512
The Property
-
Parcel Number:157a B 036
-
Property Type:Residential Income
-
Property Subtype:Quadruplex
-
Property Condition:Updated/Remodeled
-
Direction Faces:None
-
Possible Use:None
-
Lot Size Acres:0.31
-
Lot Size Area:0.31
-
Lot Size Dimensions:68X200
-
Lot Size SqFt:13600.0
-
Lot Size Units:Acres
-
Lot Size Source:None
-
Zoning:None
-
Topography:None
-
View:false
-
Pool Private:No
-
Waterfront:false
-
Road Frontage Type:City Street
-
Road Surface Type:Asphalt
-
Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (423) 883-1282
- Office phone:
- (423) 664-1900
Taxes
-
Tax Legal Description:0095 01 01 PT LTS 22 & 23 WEST VI EW PRIGMORES PB8 PG21
-
Tax Annual Amount:4070.88
Baths
-
Three Quarter Baths:None
-
Quarter Baths:None
-
Partial Baths:None
The Listing
-
Home Warranty:false
Heating & Cooling
-
Heating:Central
-
Heating:true
-
Cooling:Central Air, Multi Units
-
Cooling:true
Utilities
-
Water Source:Public
-
Sewer:Public Sewer
-
Electric:None
-
Green Energy Generation:None
Appliances
-
Appliances:Refrigerator, Electric Water Heater, Electric Oven, Dishwasher
Schools
-
Elementary School:East Ridge Elementary
-
Elementary School District:None
-
Middle Or Junior School:Dalewood Middle
-
Middle Or Junior School District:None
-
High School:Brainerd High
The Community
-
Subdivision Name:None
-
Senior Community:false
-
Association:false
-
Association Fee 2:None
-
Association Fee 2 Frequency:None
-
Spa:false
Parking
-
Garage:false
-
Attached Garage:false
-
Carport:false
-
Parking Features:Driveway, Parking Lot
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/12/25
Jun 12, 2025
|
Listed / Active | CHTMLS | $675,000 | 75.4% (19.0% / YR) |
|
6/23/21
Jun 23, 2021
|
CHTMLS | $384,900 |
