Sold
Last Sold Price
3 beds1,127 sqft
1516 Springvale Rd, Chattanooga, TN 37412
Multi FamilyProperty Type
0.19 acresLot Size
1946Year Built
$195/sq ftPrice per sq ft

Description

Great Investment property! Two units both recently redone with new windows, siding, flooring (laminate & carpet), gutters. Long term tenants have been good with payments. Perfect for the start of your investment portfolio or great addition to your current portfolio. Please do not disturb tenants.Great Investment property! Two units both recently redone with new windows, siding, flooring (laminate & carpet), gutters. Long term tenants have been good with payments. Perfect for the start of your investment portfolio or great addition to your current portfolio. Please do not disturb tenants.
  • Listed by: Richard Akridge • SimpliHOM
Listing closed: 08/16/2022 12:00 AM • Source: Greater Chattanooga Association of REALTORS, MLS#: 1357302

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Recent comparable sales

Median sold price

$249,000

Avg days on market

27

Sale-to-list ratio

98.4%

Chattanooga, TN

9 comparable properties found

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$240,000 | 1610 Truman Avenue, Chattanooga, TN 37412
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$270,000 | 409 South St Marks Avenue, Chattanooga, TN 37412
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$275,000 | 1524 Keeble Street, Chattanooga, TN 37412
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Sold 11/19/25

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Square Feet
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Acres

Location

Listing Courtesy of SimpliHOM, Richard Akridge (423.362.4712)

Sold By Crye-Leike, REALTORS, Mac Hibbett (423.596.3004)

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Principal and Interest

$1,137

Property Taxes

$163

HOA Dues

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Property Information for 1516 Springvale Road

Property Details
  • Taxes: $1,958 / year
  • MLS Type: MultiFamily / Duplex
  • Waterfront: No
Building Information
  • Building/Complex: 1516 Springvale Rd
  • Stories: 1
  • Residences: 2
  • Year Built: 1946
Summary
Location and General Information
  • City: Chattanooga
  • County Or Parish: Hamilton
  • Directions: From I-75 South take exit 1 and turn right onto Ringgold Rd. Turn left onto Springvale Rd.
  • Latitude: 34.990058
  • Longitude: -85.225312
  • Postal Code: 37412
  • State Or Province: TN
  • Subdivision Name: Victory Place
Taxes and HOA
  • Tax Book Number: 11783
  • Tax Legal Description: LOT 13 VICTORY PLACE PB 17 PG 78
  • Association Fee Frequency: Not Applicable
  • Parcel Number: 169k D 006
  • Association Fee: $0
  • Association: Yes
  • Tax Annual Amount: $1,958
  • Location Tax Legal Info : Deed Page: 582
School Information
  • Middle Or Junior School: East Ridge Middle
  • High School: East Ridge High
  • Elementary School: Spring Creek Elementary
Parking
  • Garage: Yes
  • Attached Garage: No
  • Parking : Main Level: Yes
Property
Lot Information
  • Lot Features: Level
  • Lot Size Dimensions: 60X135
  • Lot Size Acres: 0.19
  • Lot Size Square Feet: 8100.0
  • Building Area Total: 1127.0
  • Lot Size Units: Acres
  • Living Area: 1127.0
Property and Assessments
  • Location Tax Legal Info : Multi-Use: No
  • Property Details : 55 Community: No
  • Property Type Label: MultiFamily
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1946
  • Property Type: MultiFamily
  • Property Sub Type: Duplex
Utilities
  • WaterSewer : On Sewer: Yes
  • WaterSewer : Public Water: Yes
  • Water Source: On Sewer, Public
  • Utilities: Sewer Connected
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Aluminum/Vinyl
  • Community Features: None
  • Parking Features: Kitchen Level
  • Roof: Shingle
  • Property Details : Special Needs: N
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Electric: Yes
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Basement: Crawl Space
  • Cooling: Electric
  • Heating: Electric
  • Levels: 1 Level
  • Stories: 1
  • Description : 1 Level: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Unit 1
  • Unit 1 : Unit #: 1
  • Unit 1 : Bedrooms: 1
  • Unit 1 : Full Baths: 1
  • Unit 1 Features : 1 Bath: Yes
  • Unit 1 Features : 1 Bedroom: Yes
  • Unit 1 Features : Kitchen: Yes
Unit 2
  • Unit 2 : Unit #: 2
  • Unit 2 : Bedrooms: 2
  • Unit 2 : Full Baths: 1
  • Unit 2 Features : Kitchen: Yes
  • Unit 2 Features : 1 Bath: Yes
  • Unit 2 Features : 2 Bedrooms: Yes
Unit 3
  • Unit 3 : Bedrooms: 2
Unit 4
  • Unit 4 : Bedrooms: 1
  • Unit 4 Features : Kitchen: Yes
Rental
Rental Information
  • Tenant Pays: Electricity
  • Tenant Pays : Gas: Yes
  • Property Details : Gross Monthly Rent: $1,600.00

Property History for 1516 Springvale Road

DateEvent & SourcePriceAppreciation
Aug 16, 2022

Closed

Greater Chattanooga Association of REALTORS #1357302

$220,000—
Aug 16, 2022

Closed

Greater Chattanooga Association of REALTORS #1357302

$220,000—
Aug 12, 2022

Closed (Public Record)

Public Record #1496404445

$220,000

+45.3% / yr

DateEvent & SourcePrice
08/16/2022

Closed

Greater Chattanooga Association of REALTORS #1357302

$220,000
08/16/2022

Closed

Greater Chattanooga Association of REALTORS #1357302

$220,000
08/12/2022

Closed (Public Record)

Public Record #1496404445

$220,000

+45.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1516 Springvale Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,630 ($136 / month)
Home Facts
Beds0Total Finished SqFt1,127 SqFtAbove Grade Finished SqFt1,127 SqFtStories1Lot Size8,100 SqFtStyleSingle Family ResidenceYear Built1946Year Renovated1978ZoningR1CountyHAMILTONAPN169K D 006

Schools near 1516 Springvale Road

This home is within Hamilton County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Spring Creek Elementary School
PublicPK to 5

East Ridge Middle School
Public6 to 8

East Ridge High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1516 Springvale Road, Chattanooga, TN 37412
$220,000
3
1,127
8,100
$175,000
–
1
1,010
8,100
$198,000
3
1,197
8,080
–
–
2
1,150
8,100
–
–
1
796
8,400
$110,000
–
1
1,196
8,100

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SimpliHOM, Richard Akridge (423.362.4712)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 08/27/2024 04:29 AM