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Sold on 07/29/2019

508 Ely Rd, Hixson, TN 37343

  • $379,000

    Last sold 07/29/2019 for $157K

  • —

    bed

  • —

    bath

  • 2,250

    Sqft ($70/Sqft)

Multi-family not for sale
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About 508 Ely Rd

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
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!
Listed by
Listing Agent - Grace Frank
Listing Agent Contact: 4232083834
Listing Office - Real Estate Partners Chattanooga, LLC
Source: RealTracs mls logo
MLS#2421048 • last updated 1 year ago
Movoto checked RealTracs for data 13 minutes ago
Overview
Levels/Style Duplex, Three Or More, 2
Type Residential Income
MLS # 2421048
Living Area 2250, Square Feet
Property Tax $ 1841
Year Built 1972, EXIST
Exterior
Roof Other
Parking Desc Detached
Amenities / Utilities
Water Source Public
Location
Subdivision Coulters Addn
Elementary School Alpine Crest Elementary School
High School Red Bank High School
Middle School Red Bank Middle School
Directions Heading N On Dayton Blvd From Downtown Chattanooga, Turn Right Onto Ashland Ter. Turn Left Onto Ely Rd, And The Duplex Is On The Right.
APN 109O D 8
Multifamily Details
# of Units Total 2
Annual Gross Income 19320
$379K
Range: $341K-$416K
Last 30 days 
Rental est.: $1,001/month
Gross rent multiplier: 13.1
  • Jul 2022
    mls logo MLS # 2417184
  • Jul 29, 2022 Sold
    $250,000
  • Jul 2021
    Public Records
  • Jul 7, 2021 Sold
    $250,000
  • Jul 2021
    mls logo MLS # 2720823
  • Jul 1, 2021 Sold
    $250,000
  • Jul 2021
    mls logo MLS # 1338717
  • Jul 1, 2021 Sold
    $250,000
  • Jul 1, 2021 Listed
    $250,000 (-20.6%)
  • Aug 2019
    Public Records
  • Aug 15, 2019 Sold
    $315,000 (+100.0%)
  • Aug 2019
    mls logo MLS # 1298536
  • Aug 14, 2019 Sold
    $157,500
  • Jul 29, 2019 Contingent
    —
  • Jul 11, 2019 Listed
    —
  • May 26, 2019 Contingent
    —
  • May 9, 2019 Listed
    —
  • May 1, 2019 Contingent
    —
  • Apr 25, 2019 Price Change
    $164,950 (-50.0%)
  • Apr 24, 2019 Listed
    $329,900 (+288.1%)
  • Aug 2019
    mls logo MLS # 2421048
  • Aug 14, 2019 Sold
    $157,500 (-4.5%)
  • Jun 2003
    Public Records
  • Jun 27, 2003 Sold
    $85,000
  • 508 Ely Rd
    $157K
  • Lupton City - Norcross
    $299K -9% y/y
  • 37343
    $449K +4% y/y
  • Hixson
    $449K +4% y/y
No chart available
Statistics calculated by Movoto

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6/10
Alpine Crest Elementary School
public Grades K-5
Hamilton County School District
3/10
Red Bank Middle School
public Grades 6-8
Hamilton County School District
4/10
Red Bank High School
public Grades 9-12
Hamilton County School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Lupton City - Norcross

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Newest listings in 37343

  • Real Estate
  • TN
  • Hamilton County
  • Hixson
  • 37343
  • Lupton City - Norcross
  • 508 Ely Rd
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