Investors, here's the deal you've been looking for! 506 & 508 Ely Rd can be purchased together for a package price of $329,900, and sit right next to each other in an excellent Hixson location. These all-brick duplexes have been well maintained and require minimal (if any) updates. Each unit features 2 bedrooms, 1.5 bathrooms and 1,125 sqft, an eat-in kitchen, living room, washer/dryer hookups, synthetic hardwood flooring, and off-street parking. Both of the properties have had their roofs replaced in the last 7 years. They are currently 100% occupied with a GMI of $2,955, but have rental upside. Situated in an easily rentable area, these duplexes are just minutes from Hixson shopping and dining as well as NorthShore and downtown Chattanooga. Call today for more information!
GCAR #1298535
Aug 14, 2019
Sold
$157,500
$70/sq ft
Jul 29, 2019
Contingent
—
Jul 11, 2019
Relisted
—
Jun 10, 2019
Delisted
—
Jun 5, 2019
Listed
$164,950
$73/sq ft
Jun 5, 2019
Listed
—
+11
Investors, here's the deal you've been looking for! 506 & 508 Ely Rd can be purchased together for a package price of $329,900, and sit right next to each other in an excellent Hixson location. These all-brick duplexes have been well maintained and require minimal (if any) updates. Each unit features 2 bedrooms, 1.5 bathrooms and 1,125 sqft, an eat-in kitchen, living room, washer/dryer hookups, synthetic hardwood flooring, and off-street parking. Both of the properties have had their roofs replaced in the last 7 years. They are currently 100% occupied with a GMI of $2,955, but have rental upside. Situated in an easily rentable area, these duplexes are just minutes from Hixson shopping and dining as well as NorthShore and downtown Chattanooga. Call today for more information!
Public Records
Jul 30, 2003
Sold
$85,000
$38/sq ft
Public Records
Dec 22, 1997
Sold
$73,500
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,397 (+9.3%)
2024
$1,278
2023
$1,278
2022
$1,278
2021
$1,278 (+26.5%)
2020
$1,010
2019
$1,010
2018
$1,010
2017
$1,010
2016
$1,009
2014
$1,009
Tax history for 506 Ely Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,397 (+9.3%)
2024
$1,278
2023
$1,278
2022
$1,278
2021
$1,278 (+26.5%)
2020
$1,010
2019
$1,010
2018
$1,010
2017
$1,010
2016
$1,009
2014
$1,009
*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
131 ft.
Lot depth
151 ft.
Lot size
1 Acre
Year renovated
—
Sq. Ft.
2,250
Year built
1972
Style
Multi-Family (2-4 Unit)
County
Hamilton County
APN
109O D 007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 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
Interior
Heating & Cooling
Has Heating
Heating Information: Central, Electric
Has Cooling
Cooling Information: Central Air, Electric
Multi-Family Financial Information
Owner Pays: Other
Multi-Unit Information
# of Units (Total): 2
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
Exterior
Building Information
Construction Materials: Other, Brick
Roof: Other
Property Information
Property Type: Residential Income
Attached Property
Above Grade Finished Area Units: Square Feet
Below Grade Finished Area Units: Square Feet
Lot Information
Lot Size Units: Acres
Lot Size Dimensions: 131.09X151
Financial
Tax Information
Tax Annual Amount: $1,841
Lease / Rent Details
Tenant Pays: Other
Utilities
Utility Information
Water Source: Public
Utilities: Electricity Available, Water Available
Location
School Information
Elementary School: Alpine Crest Elementary School
Middle Or Junior High School: Red Bank Middle School
High School: Red Bank High School
Location Information
Directions: Ashland Terrace to Ely Rd
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,250
Stories: 2.0
Lot Size: 1 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1972
Year Renovated: —
County: Hamilton County
APN: 109O D 007
Home facts updated by county records on Oct 5, 2026
Other
Home Information
Living Area: 2250
Living Area Units: Square Feet
Building Area Total: 2250
Building Area Units: Square Feet
Year Built Details: Existing
Structure Type: Duplex
Levels: Two
Around this home
Schools
Alpine Crest Elementary School
Public K-5 • Assigned • 0.9mi
6/10
Red Bank Middle School
Public 6-8 • Assigned • 1.5mi
5/10
Red Bank High School
Public 9-12 • Assigned • 1.6mi
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.