Excellent Quadplex Investment Opportunity in Red Bank!
Discover this rare four-unit property in the heart of Red Bank, just minutes from Downtown Chattanooga, making it an ideal location for both tenants and investors. Located near some of the area's best amenities, your future residents will love the quick access to local favorites like Red Bank restaurants, White Oak Dog Park, and the scenic trails of Stringers Ridge.
Each unit offers a 1-bedroom, 1-bath layout—perfect for maximizing rental efficiency and appealing to renters looking for location, simplicity, and value. With rents currently as high as $1,300/month, this property offers strong cash-flow potential and room to grow. One unit is currently vacant, making it easy to show or perfect for a buyer interested in house hacking—live in one unit and let the others help pay the mortgage!
Whether you're looking to expand your portfolio or break into real estate with a low down payment using FHA, VA, or conventional financing, this quadplex checks all the boxes. These low-maintenance units are easy to get rent-ready and attract long-term tenants who want to be near it all.
Don't miss your chance to own a multifamily property in one of Chattanooga's hottest up-and-coming areas.
Only the vacant unit may be shown. The tenant occupied units may be inspected after an accepted offer.
For sale
$450,000
185 W Ridgewood Ave, Chattanooga, TN 37415
4beds
2,646sqft
Est.:
Quadruplex
Built in 1970
-- sqft lot
$437,100 Zestimate®
$170/sqft
$-- HOA
What's special
- 18 days
- on Zillow |
- 415 |
- 36 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2025 at 10:35am
Listed by:
Corey Ballew 423-529-0696,
Real Broker 844-591-7325
Source: Greater Chattanooga Realtors,MLS#: 1510637
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Electric, Wall Unit(s)
Appliances
- Included: Refrigerator, Electric Oven
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,646
- Total interior livable area: 2,646 sqft
- Finished area above ground: 2,646
Property
Parking
- Parking features: Asphalt, Assigned, Off Street
Features
- Stories: 2
Lot
- Size: 0.47 Acres
- Dimensions: 79.5 x 246.6
Details
- Parcel number: 126c G 010
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $170/sqft
- Annual tax amount: $3,686
- Date on market: 4/8/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
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