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Sold on 06/07/2017

308 Nelson Rd, Chattanooga, TN 37421

  • $320,000

    Last sold 06/07/2017 for $83K

  • —

    bed

  • —

    bath

  • 1,725

    Sqft ($48/Sqft)

Multi-family not for sale
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About 308 Nelson Rd

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Attention investors! Excellent cash flow opportunity. This duplex is located just off Lee Hwy and is in prime location with desirable schools. Metal roof was installed about 3 years ago. Well maintained. Rent is currently below market since the same tenant is temporarily renting both sides. Potential monthly rent is $1300 or more per month. This property is also available to be purchased in a package with 1601 Bailey Avenue and 2010 E 12th Street.
Listed by
Listing Agent - Eddie Bodkin
Listing Office - Real Estate Partners Chattanooga, LLC
Source: RealTracs mls logo
MLS#2419058 • last updated 1 year ago
Movoto checked RealTracs for data 9 minutes ago
Overview
Levels/Style Duplex, Three Or More, 1
Type Residential Income
MLS # 2419058
Living Area 1725, Square Feet
Property Tax $ 1784
Year Built 1958, EXIST
Exterior
Roof Metal
Construction Other
Parking Desc Detached
Amenities / Utilities
Water Source Public
Location
Subdivision None
Elementary School East Brainerd Elementary School
High School Ooltewah High School
Middle School Ooltewah Middle School
Directions Lee Hwy To Whirlaway Drive Turn Right Onto Central Drive Left Onto Nelson Road Property Is On The Left.
APN 158A G 9
Multifamily Details
# of Units Total 2
Annual Gross Income 12000
  • Sep 2018
    mls logo MLS # 1286131
  • Sep 24, 2018 Sold
    $203,500 (-9.5%)
  • Aug 17, 2018 Contingent
    —
  • Aug 8, 2018 Listed
    $224,900 (+171.0%)
  • Jul 2017
    mls logo MLS # 2419058
  • Jul 20, 2017 Sold
    $83,000
  • Jul 2017
    mls logo MLS # 1260019
  • Jul 20, 2017 Sold
    $83,000 (-12.6%)
  • Jun 8, 2017 Contingent
    —
  • Apr 12, 2017 Price Change
    $95,000 (-4.0%)
  • Mar 3, 2017 Listed
    $99,000

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Nearby homes for sale in Chattanooga, TN

  • Real Estate
  • TN
  • Hamilton County
  • Chattanooga
  • 37421
  • Woodmore - Dalewood
  • 308 Nelson Rd
$320K
Range: $278K-$361K
Last 30 days 
Rental est.: $1,003/month
Gross rent multiplier: 7.9 - Good

Nearby recently sold homes in Chattanooga, TN

  • 308 Nelson Rd
    $83K
  • Woodmore - Dalewood
    $267K -7% y/y
  • 37421
    $425K 0% y/y
  • Chattanooga
    $384K 0% y/y
No chart available
Statistics calculated by Movoto
4/10
East Brainerd Elementary School
public Grades PK, K-5
Hamilton County School District
6/10
Ooltewah Middle School
public Grades 6-8
Hamilton County School District
4/10
Ooltewah High School
public Grades 9-12
Hamilton County School District
Source: GreatSchools.org © 2026. All rights reserved.
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