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
For sale
$675,000
32 S Germantown Rd, Chattanooga, TN 37411
8beds
4,644sqft
Est.:
Quadruplex
Built in 1981
-- sqft lot
$662,200 Zestimate®
$145/sqft
$-- HOA
What's special
Updated bathroomsFully remodeled kitchensBrand-new appliancesNew carpet in bedroomsUpdated hardware and lightingNew lvp flooring
- 11 days
- on Zillow |
- 331 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 05:33pm
Listed by:
Simeon Hinchman 423-883-1282,
Keller Williams Realty 423-664-1900
Source: Greater Chattanooga Realtors,MLS#: 1514603
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Central
Cooling
- Central Air, Multi Units
Appliances
- Included: Refrigerator, Electric Water Heater, Electric Oven, Dishwasher
- Laundry: In Unit
Features
- Flooring: Carpet, Luxury Vinyl
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 4,644
- Total interior livable area: 4,644 sqft
- Finished area above ground: 4,644
Property
Parking
- Parking features: Driveway, Parking Lot
Features
- Stories: 2
- Patio & porch: Deck, Patio, Porch - Covered
- Exterior features: Balcony
Lot
- Size: 0.31 Acres
- Dimensions: 68 x 200
Details
- Parcel number: 157a B 036
- Special conditions: Investor
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stone, Wood Siding
- Roof: Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1981
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: $145/sqft
- Annual tax amount: $4,070
- Date on market: 6/13/2025
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Road surface type: Asphalt
- Loading
- Loading