32 South Germantown Road
Description
Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors. This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high. Renovation Highlights:
•New LVP Flooring + new carpet in bedrooms
•Fully...Renovated Quadplex with Strong Income - 32 S Germantown Rd, Chattanooga, TN
Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors. This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high. Renovation Highlights:
•New LVP Flooring + new carpet in bedrooms
•Fully remodeled kitchens with modern layouts and finishes
•Brand-new appliances
•Updated bathrooms with new vanities, fixtures, toilets, and finishes
•Fresh interior and exterior paint for a clean, modern feel
•Updated hardware & lighting throughout
Rent Roll:
Unit 1: $1,200/mo
Unit 2: $1,300/mo
Unit 3: $1,175/mo
Unit 4: $1,300/mo
Total: $4,975/month
Investment Highlights:
•Flexible month to month lease terms ready to increase income
•Forced appreciation through available income growth
•Tenants pay all utilities - low owner expenses
•Located minutes from downtown Chattanooga, Brainerd, and I-24
•Strong area for long-term appreciation and rental growth
•Ideal for long-term buy-and-hold, house hacking, or 1031 exchange
•Perfect for owner-occupants - live in one unit and rent the others to offset your mortgage and build wealth
This is a rare opportunity to own a cash-flowing multifamily asset in a strong Chattanooga income and equity market. Whether you're an experienced investor or first-time multifamily buyer, this quadplex checks all the boxes. No showings of occupied units until accepted offer in place Agent is an immediate family member of seller
- Listed by: Simeon Hinchman • Keller Williams Realty
Recent comparable sales
Median sold price
$725,000
Avg days on market
79
Sale-to-list ratio
90.9%
Chattanooga, TN
9 comparable properties found
$530,000
Sold 11/19/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- 4,500
- Square Feet
- 0.67
- Acres
$795,000
Sold 07/26/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- 4,064
- Square Feet
- 0.3
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$795,000
Sold 11/19/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- 4,420
- Square Feet
- 0.25
- Acres
$525,000
Sold 11/17/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- 3,632
- Square Feet
- 0.31
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$760,000
Sold 08/12/25
- Unavailable
- Bedrooms
- Unavailable
- Bathrooms
- 4,207
- Square Feet
- 0.04
- Acres
Location
Sold By Horizon Sotheby's International Realty, Jeremiah Reynolds (423.347.1321)
Payment Calculator
$3,770 per month
30 year fixed, 6.55% Interest
$3,431
$339
$0
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1Property Information for 32 South Germantown Road
- Taxes: $4,071 / year
- MLS Type: Residential Income
- County: Hamilton County
- Waterfront: No
- Stories: 2
- Residences: 4
- Year Built: 1981
- Lot Size: 0.31 AC / 13,600 SF
- City: Chattanooga
- County Or Parish: Hamilton
- Directions: From I-24, take Exit 183B toward Germantown Rd, head south, and the property is .5 miles down on the right at 32 S Germantown Rd.
- Latitude: 35.021247
- Longitude: -85.247512
- Postal Code: 37411
- State Or Province: TN
- Subdivision Name: None
- Tax Legal Description: 0095 01 01 PT LTS 22 & 23 WEST VI EW PRIGMORES PB8 PG21
- Parcel Number: 157a B 036
- Association Fee: $0
- Association: No
- Tax Annual Amount: $4,071
- Middle Or Junior School: Dalewood Middle
- High School: Brainerd High
- Elementary School: East Ridge Elementary
- Garage: No
- Attached Garage: No
- Lot Size Dimensions: 68X200
- Lot Size Acres: 0.31
- Living Area Source: Tax Records
- Lot Size Square Feet: 13600.0
- Building Area Total: 4644.0
- Lot Size Units: Acres
- Living Area: 4644.0
- Living Area Units: Square Feet
- Property Type Label: Residential Income
- Property Attached: Yes
- Sewer: Public Sewer
- New Construction: No
- Home Warranty: No
- Floor Plans Count: 0
- Year Built: 1981
- Property Type: Residential Income
- Property Sub Type: Quadruplex
- Improvements : Driveway: Yes
- Water Source: Public
- Utilities: Water Available
- Senior Community: No
- Construction Materials: Stone, Wood Siding
- Pool Private: No
- Parking Features: Driveway, Parking Lot
- Exterior Features: Balcony
- Roof: Shingle
- Roofing : Shingle: Yes
- Fireplace: No
- Appliances: Refrigerator, Electric Water Heater, Electric Oven, Dishwasher
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Cooling: Yes
- Heating: Yes
- Cooling: Central Air, Multi Units
- Heating: Central
- Levels: Three Or More
- Flooring: Carpet, Luxury Vinyl
- Stories: 2
- Green Features : Central Air: Yes
- Green Features : Microwave: Yes
- Green Features : Refrigerator: Yes
- Cooling : Central: Yes
- Floors : Carpet: Yes
- Description: Occupied
- Description: Occupied
- Description: Occupied
- Description: Occupied
- Number Of Units Total: 4
- Unit 1 : Bedrooms: 2
- Unit 1 Features : Den: No
- Unit 1 Features : Efficiency: No
- Unit 1 Features : Kitchen: Yes
- Unit 1 Features : Microwave: Yes
- Unit 1 Features : Refrigerator: Yes
- Unit 1 Features : Separate Dining: No
- Unit 2 : Bedrooms: 2
- Unit 2 Features : Den: No
- Unit 2 Features : Efficiency: No
- Unit 2 Features : Separate Dining: No
- Unit 3 : Bedrooms: 2
- Unit 3 Features : Kitchen: Yes
- Unit 3 Features : Den: No
- Unit 3 Features : Efficiency: No
- Unit 3 Features : Living Room: Yes
- Unit 3 Features : Microwave: Yes
- Unit 3 Features : Refrigerator: Yes
- Unit 3 Features : Separate Dining: No
- Unit 4 : Bedrooms: 2
- Unit 4 Features : Kitchen: Yes
- Unit 4 Features : Efficiency: No
- Unit 4 Features : Living Room: Yes
- Unit 4 Features : Microwave: Yes
- Unit 4 Features : Refrigerator: Yes
- Unit 4 Features : Separate Dining: No
- Tenant Pays: All Utilities
Property History for 32 South Germantown Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 23, 2025 | Closed (Public Record) Public Record #1906031195 | $675,000 | +14.7% / yr |
| Jul 23, 2025 | Closed REALTRACS #2964207 | $675,000 | — |
| Jul 23, 2025 | Closed Greater Chattanooga Association of REALTORS #1514603 | $675,000 | — |
| Jun 25, 2025 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1514603 | — | |
| Jun 25, 2025 | Contract - Showing Greater Chattanooga Association of REALTORS #1514603 | — | |
| Jun 20, 2025 | Contract - Not Showing REALTRACS #2964207 | — | |
| Jun 13, 2025 | Listed (Active) Greater Chattanooga Association of REALTORS #1514603 | $675,000 | — |
| Jun 23, 2021 | Closed REALTRACS #3342894 | $384,900 | — |
| Jun 23, 2021 | Contract - Not Showing REALTRACS #3342894 | — | |
| Jun 23, 2021 | Closed Greater Chattanooga Association of REALTORS #1336258 | $384,900 | — |
| Jun 23, 2021 | Closed Greater Chattanooga Association of REALTORS #1336258 | $384,900 | — |
| Jun 22, 2021 | Closed (Public Record) Public Record #1465234474 | $384,900 | — |
| Jun 22, 2021 | Closed (Public Record) Public Record #1465234474 | $384,900 | — |
| May 19, 2021 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1336258 | — | |
| May 19, 2021 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1336258 | — | |
| May 19, 2021 | Listed (Active) Greater Chattanooga Association of REALTORS #1336258 | $379,900 | — |
| May 19, 2021 | Listed (Active) Greater Chattanooga Association of REALTORS #1336258 | $379,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/23/2025 | Closed (Public Record) Public Record #1906031195 | $675,000 +14.7% / yr |
| 07/23/2025 | Closed REALTRACS #2964207 | $675,000 |
| 07/23/2025 | Closed Greater Chattanooga Association of REALTORS #1514603 | $675,000 |
| 06/25/2025 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1514603 | — |
| 06/25/2025 | Contract - Showing Greater Chattanooga Association of REALTORS #1514603 | — |
| 06/20/2025 | Contract - Not Showing REALTRACS #2964207 | — |
| 06/13/2025 | Listed (Active) Greater Chattanooga Association of REALTORS #1514603 | $675,000 |
| 06/23/2021 | Closed REALTRACS #3342894 | $384,900 |
| 06/23/2021 | Contract - Not Showing REALTRACS #3342894 | — |
| 06/23/2021 | Closed Greater Chattanooga Association of REALTORS #1336258 | $384,900 |
| 06/23/2021 | Closed Greater Chattanooga Association of REALTORS #1336258 | $384,900 |
| 06/22/2021 | Closed (Public Record) Public Record #1465234474 | $384,900 |
| 06/22/2021 | Closed (Public Record) Public Record #1465234474 | $384,900 |
| 05/19/2021 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1336258 | — |
| 05/19/2021 | Contract - Not Showing Greater Chattanooga Association of REALTORS #1336258 | — |
| 05/19/2021 | Listed (Active) Greater Chattanooga Association of REALTORS #1336258 | $379,900 |
| 05/19/2021 | Listed (Active) Greater Chattanooga Association of REALTORS #1336258 | $379,900 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 32 South Germantown Road
Schools near 32 South Germantown Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
East Ridge Elementary School PublicPK to 5 | ||
Dalewood Middle School Public6 to 8 | ||
Brainerd 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
| Address | Sold price | Beds | Baths | Sqft | Lot (Sqft) |
|---|---|---|---|---|---|
This home: 32 South Germantown Road, Chattanooga, TN 37411 | $675,000 | – | – | 4,644 | 13,600 |
$60,000 | – | 2 | 1,653 | 7,656 | |
$152,500 | 4 | 2 | 1,900 | 9,147 | |
$309,000 | 3 | 2 | 1,580 | 7,840 | |
$87,500 | – | 4 | 1,688 | 17,539 | |
$201,250 | – | 1.5 | 1,744 | 19,500 | |
$142,000 | – | 3 | 1,960 | 15,950 | |
$193,000 | 3 | 2 | 1,681 | 15,246 | |
$335,000 | 5 | 6 | 3,602 | 22,651 | |
– | – | – | 6,032 | 113,256 | |
$250,000 | 3 | 2 | 1,628 | 9,583 | |
$395,000 | 3 | 2 | 2,433 | 14,810 | |
$294,500 | 4 | 4 | 2,352 | 12,632 | |
$115,000 | – | 2 | 1,457 | 10,900 | |
– | – | 8 | 5,040 | 8,968 | |
$315,000 | 3 | 3 | 1,698 | 12,196 |
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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 Keller Williams Realty, Simeon Hinchman (423.883.1282)
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: 07/31/2025 10:12 AM