$450,000

185 W Ridgewood Avenue, Chattanooga, TN 37415

  • 2,646 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon0.47acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $170/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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.

Listing Status:
Active
Date Added:
May 26, 2025 at 05:00AM
Listing Office:
Real Broker : 844-591-7325
MLS ID:
1510637
  • Appliances: Electric OvenRefrigerator
  • A/C: ElectricWall Unit(s)

This listing courtesy of Real Broker

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Red Bank Elementary School

1100 Mountain Creek Rd, Chattanooga, TN, 37405

Grades PK-5

1.34 miles away

R

Red Bank Middle School

3701 Tom Weathers Dr, Chattanooga, TN, 37415

Grades 6-8

2.00 miles away

R

Red Bank High School

640 Morrison Springs Rd, Chattanooga, TN, 37415

Grades 9-12

2.10 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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