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
Multi-familyProperty Type
1981Year Built
0.31 acresLot Size
$145Price/Sq.Ft.
Listed by Simeon Hinchman• Greater Downtown Realty dba Keller Williams Realty
Bought with Jeremiah Reynolds• Horizon Sotheby's International Realty
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
GCAR #1336258
Jun 23, 2021
Sold
$384,900
$83/sq ft
May 19, 2021
Listed
—
May 19, 2021
Listed
$379,900
$82/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,201 (+57.7%)
2024
$2,030
2023
$2,030
2022
$2,030
2021
$2,030 (−9.9%)
2020
$2,252
2019
$2,252
2018
$2,252
2017
$2,252 (+4.2%)
2016
$2,161
2014
$2,161
Tax history for 32 S Germantown Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,201 (+57.7%)
2024
$2,030
2023
$2,030
2022
$2,030
2021
$2,030 (−9.9%)
2020
$2,252
2019
$2,252
2018
$2,252
2017
$2,252 (+4.2%)
2016
$2,161
2014
$2,161
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
68 ft.
Lot depth
200 ft.
Lot size
1 Acre
Year renovated
—
Sq. Ft.
4,644
Year built
1981
Style
Other
County
Hamilton County
APN
157A B 036
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2026.
RN-3
Residential Neighborhood Zone
The RN-3 Residential Neighborhood Zone is intended to accommodate mixed residential neighborhoods consisting of a range of dwelling types that may include single-unit—both attached and detached, two-unit, townhouse, and multi-unit dwellings.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Bed & breakfast
Educational/school
Fire house
Police station
Park & open space
Property details
Parking
Parking Information
Parking Total: 0
Parking Features: Detached, Driveway, Parking Lot
Interior
Heating & Cooling
Has Heating
Heating Information: Central
Has Cooling
Cooling Information: Central Air
Interior Features
Flooring: Carpet, Other
Exterior
Building Information
Construction Materials: Stone, Wood Siding
Roof: Other
Property Information
Property Type: Residential Income
Attached Property
Above Grade Finished Area Units: Square Feet
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Units: Square Feet
Below Grade Finished Area Source: Assessor
Lot Information
Lot Size Units: Acres
Lot Size Dimensions: 68X200
Financial
Tax Information
Tax Annual Amount: $4,071
Lease / Rent Details
Tenant Pays: Other
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Water Available
Location
Multi-Unit Information
# of Units (Total): 4
Unit Type 1 Information
Unit Type: 2 Bedroom
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 2 Information
Unit Type: 2 Bedroom
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 3 Information
Unit Type: 2 Bedroom
# of Bathrooms: 2
# of Bedrooms: 2
Unit Type 4 Information
Unit Type: 2 Bedroom
# of Bathrooms: 2
# of Bedrooms: 2
School Information
Elementary School: East Ridge Elementary School
Middle Or Junior High School: Dalewood Middle School
High School: Brainerd High School
Location Information
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.
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,644
Stories: 2.0
Lot Size: 1 acres
Style: Other
Year Built: 1981
Year Renovated: —
County: Hamilton County
APN: 157A B 036
Home facts updated by county records on Oct 16, 2026
Other
Home Information
Living Area: 4644
Living Area Units: Square Feet
Living Area Source: Assessor
Building Area Total: 4644
Building Area Units: Square Feet
Building Area Source: Assessor
Year Built Details: Existing
Structure Type: Quadruplex
Around this home
Schools
East Ridge Elementary School
Public PreK-5 • Assigned • 1.7mi
3/10
Dalewood Middle School
Public 6-8 • Assigned • 2.0mi
4/10
Brainerd High School
Public 9-12 • Assigned • 1.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
4/10 Wind Factor
13% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Chattanooga, TN • 37411
Average low and high temperatures (°F)
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46
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36
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Sun exposure
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