PROVEN INCOME PROPERTY. This solid income-producing asset is located just off of Bonny Oaks Dr. , a major traffic artery with quick access to highways, Hamilton Mall, Hixson, Chickamauga Lake, Harrison Bay, and downtown Chattanooga. Always a quick-to-lease rental with a reliable income stream. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 5.1%. Updated electrical panel to be completed in June 2025. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal. PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email. NOTE RE ACCESS: Since this is an occupied rental property access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.
Single-familyProperty Type
1965Year Built
0.4 acresLot Size
$209Est. Price/Sq.Ft.
1 spaceParking
Listed by Philip Lancaster• Rock Point Real Estate
Bought with Robin Garner• BHHS Southern Routes Realty
Terrific 3 bedroom 1.5 bath brick ranch home with single carport, deck, laminate flooring, storage building and fenced back yard! (Buyer is advised to perform inspections and verify ALL information. Property sold AS IS.)
GCAR #1512005
Aug 1, 2025
Sold
$200,000
$168/sq ft
Jul 19, 2025
Pending
—
Jul 3, 2025
Contingent
—
Jul 3, 2025
Relisted
—
May 28, 2025
Price Changed
$229,000
$193/sq ft
May 16, 2025
Price Changed
$252,000
$212/sq ft
Apr 30, 2025
Listed
$260,000
$219/sq ft
Public Records
Apr 25, 2025
Sold
$1,520,000
$1,279/sq ft
RENT. #1
Jul 18, 2022
Price Changed
$1,250
$1/sq ft
GCAR #1248469
Sep 1, 2016
Sold
$52,341
$44/sq ft
+5
Terrific 3 bedroom 1.5 bath brick ranch home with single carport, deck, laminate flooring, storage building and fenced back yard! (Buyer is advised to perform inspections and verify ALL information. Property sold AS IS. )
RCAOR #20163883
Sep 1, 2016
Sold
$52,341
$44/sq ft
Jun 23, 2016
Listed
$55,000
$46/sq ft
Public Records
Jun 28, 2007
Sold
$74,500
$63/sq ft
Public Records
Feb 23, 2007
Sold
$70,000
$59/sq ft
Public Records
May 1, 1997
Sold
$63,000
$53/sq ft
Public Records
Feb 16, 1995
Sold
$57,550
$48/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$708 (+14.2%)
2024
$620
2023
$620
2022
$620
2021
$620 (+3.3%)
2020
$601
2019
$601
2018
$601
2017
$601 (+6.7%)
2016
$563
2014
$563
Tax history for 7632 Mallette Rd
Year
Property tax
Land + Additions
Assessment*
2025
$708 (+14.2%)
2024
$620
2023
$620
2022
$620
2021
$620 (+3.3%)
2020
$601
2019
$601
2018
$601
2017
$601 (+6.7%)
2016
$563
2014
$563
*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
1
Lot width
90 ft.
Lot depth
195 ft.
Lot size
1 Acre
Year renovated
—
Sq. Ft.
1,188
Year built
1965
Style
Single Family Residential
County
Hamilton County
APN
129N F 013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
RN-1-6
Residential Neighborhood Zone
The RN-1-6 Residential Neighborhood Zone is intended to accommodate a neighborhood environment predominantly characterized by single-unit homes on lots of 6,000 square feet or greater.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Housing-Group
Housing-Single unit
Infrastructure
Bed & breakfast
Educational/school
Fire house
Police station
Park & open space
Property details
Parking
Parking/Garage Information
Has Carport
# of Carport Spaces: 1
Parking Features: Driveway, Off Street
Interior
Bathroom Information
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central
Interior Features
Appliances: Refrigerator, Electric Range
Exterior
Exterior Features
Exterior Features: None
Building Information
Sq. Ft.: 1188.0
Above Grade Finished Area: 1,188
Construction Materials: Brick
Foundation Details: Block
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence
Lot Information
Lot Size Dimensions: 90 x 195
Lot Size Area: 0.4
Lot Size Units: Acres
Lot Size Acres: 0.4
Financial
Tax Information
Tax Annual Amount: $1,244.10
Utilities
Utility Information
Water Source: Public
Utilities: Cable Available, Sewer Connected, Water Connected
Sewer: Public Sewer
Location
Schools Information
Elementary School: Bess T. Shepherd Elementary
Middle Or Junior School: Tyner Middle Academy
High School: Tyner Academy
Location Information
Directions: Hwy. 153 to east on Bonny Oaks Dr., right on Noah Reid Rd., right on Mildred Ln., left on Mallette Rd. to home on left.
Subdivision Name: Jenkins Charles E
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,188
Stories: 1.0
Lot Size: 1 acres
Style: Single Family Residential
Year Built: 1965
Year Renovated: —
County: Hamilton County
APN: 129N F 013
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Bess T Shepherd Elementary School
Public PreK-5 • Assigned • 1.7mi
5/10
Tyner Middle Academy
Public 6-8 • Assigned • 1.3mi
4/10
Tyner Academy
Public 9-12 • Assigned • 1.2mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Chattanooga is known for its mountains and the Tennessee River, but its hidden gems make it special—unexpected views, tucked-away trails, beautiful homes and quiet greenways waiting to be discovered.