Last Sold Price
3 beds1,188 sqft$168/sqft
7632 Mallette Rd, Chattanooga, TN 37416

Description

Proven income property. This solid income-producing asset is located just off of Bonny Oaks Dr., a major traffic artery with quick access to highways, Hamilton Mall, Hixson, Chickamauga Lake, Harrison Bay, and downtown Chattanooga. Always a quick-to-lease rental with a reliable income stream. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 5.1%. Updated electrical panel to be completed in June 2025. Seller has several additional income properties for sale in Chattanooga...Proven income property. This solid income-producing asset is located just off of Bonny Oaks Dr., a major traffic artery with quick access to highways, Hamilton Mall, Hixson, Chickamauga Lake, Harrison Bay, and downtown Chattanooga. Always a quick-to-lease rental with a reliable income stream. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 5.1%. Updated electrical panel to be completed in June 2025. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal. PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email. NOTE RE ACCESS: Since this is an occupied rental property access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.
LISTING CLOSED: 08/01/2025 12:00 AM

  1. Listed by Philip Lancaster • Rock Point Real Estate

Property Details for 7632 Mallette Road

Status
MLS #
1512005
Days on Market
65
Taxes
$1,244 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1965
Lot Size
0.40 AC / 17,550 SF
Architectural Style
Ranch
Waterfront
No

Recent comparable sales

Median sold price

$225,000

Avg days on market

14

Sale-to-list ratio

100.9%

[Chattanooga, TN]

9 comparable properties found

$226,000 | 5506 Kenyon Road, Chattanooga, TN 37416
1/34
1

$226,000

Sold 11/19/25

3
Bedrooms
1,150
Square Feet
0.26
Acres
$205,000 | 5504 Upshaw Drive, Chattanooga, TN 37416
1/26
2

$205,000

Sold 04/22/25

3
Bedrooms
1,103
Square Feet
0.28
Acres
$170,000 | 4816 Hal Drive, Chattanooga, TN 37416
1/19
3

$170,000

Sold 06/18/26

3
Bedrooms
1,188
Square Feet
0.47
Acres
$235,000 | 4512 Dumac Road, Chattanooga, TN 37416
1/24
4

$235,000

Sold 03/27/26

3
Bedrooms
1,044
Square Feet
0.25
Acres
$240,000 | 2806 Eblen Drive, Chattanooga, TN 37421
1/36
5

$240,000

Sold 05/20/26

3
Bedrooms
1,120
Square Feet
0.17
Acres
$250,000 | 5502 Kenyon Road, Chattanooga, TN 37416
1/29
6

$250,000

Sold 02/14/25

3
Bedrooms
1,200
Square Feet
0.4
Acres
$170,000 | 6622 Gary Lane, Chattanooga, TN 37421
1/26
7

$170,000

Sold 05/07/25

3
Bedrooms
1,175
Square Feet
0.5
Acres
$225,000 | 7639 Mallette Road, Chattanooga, TN 37416
1/31
8

$225,000

Sold 03/19/26

3
Bedrooms
1,128
Square Feet
0.03
Acres
$201,000 | 6307 Stockton Drive, Chattanooga, TN 37416
1/36
9

$201,000

Sold 11/25/24

3
Bedrooms
1,166
Square Feet
0.30
Acres

Location

Listing Courtesy of Rock Point Real Estate, Philip Lancaster (423.400.0101)

Sold By BHHS Southern Routes Realty, Robin Garner (256.996.1640)

Add your commute

Building Information for 7632 Mallette Road

Stories-Year Built1965Building Size-Lot Size0.40 AC / 17,550 SF

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$1,120 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,017

Property Taxes

$104

HOA Dues

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Property Information for 7632 Mallette Road

Summary
Location and General Information
  • City: Chattanooga
  • County Or Parish: Hamilton
  • Directions: Hwy. 153 to east on Bonny Oaks Dr., right on Noah Reid Rd., right on Mildred Ln., left on Mallette Rd. to home on left.
  • Latitude: 35.071466
  • Longitude: -85.172603
  • Postal Code: 37416
  • State Or Province: TN
  • Subdivision Name: Jenkins Charles E
Taxes and HOA
  • Tax Legal Description: LT C CHARLES E JENKINS REV PB22 PG5 6
  • Additional Parcels: No
  • Parcel Number: 129n F 013
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $1,244
School Information
  • Middle Or Junior School: Tyner Middle Academy
  • High School: Tyner Academy
  • Elementary School: Bess T. Shepherd Elementary
Parking
  • Garage: No
  • Attached Garage: No
  • Carport Spaces: 1.0
Property
Lot Information
  • Lot Size Dimensions: 90X195
  • Lot Size Acres: 0.4
  • Living Area Source: Tax Records
  • Lot Size Square Feet: 17550.0
  • Building Area Total: 1188.0
  • Lot Size Units: Acres
  • Living Area: 1188.0
Property and Assessments
  • Property Type Label: Residential
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1965
  • Property Type: Residential,Single Family Residence
  • Property Sub Type: Single Family Residence
  • Improvements : Driveway: Yes
Utilities
  • Water Source: Public
  • Utilities: Cable Available, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Brick
  • Parking Features: Driveway, Off Street
  • Exterior Features: None
Interior Features
  • Fireplace: No
  • Bedrooms Total: 3
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Appliances: Refrigerator, Electric Range
  • Rooms Total: 0
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 1.5
  • Bathrooms Total Notational: 1.1
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Block
  • Cooling: Central Air
  • Heating: Central
  • Green Features : Central Air: Yes
  • Cooling : Central: Yes

Property History for 7632 Mallette Road

DateEvent & SourcePriceAppreciation
Aug 1, 2025

Closed (Public Record)

Public Record #1907453752

$200,000

+16.2% / yr

Aug 1, 2025

Closed

Greater Chattanooga Association of REALTORS #1512005

$200,000
Jul 3, 2025

Contract - Not Showing

Greater Chattanooga Association of REALTORS #1512005

DateEvent & SourcePrice
08/01/2025

Closed (Public Record)

Public Record #1907453752

$200,000

+16.2% / yr

08/01/2025

Closed

Greater Chattanooga Association of REALTORS #1512005

$200,000
07/03/2025

Contract - Not Showing

Greater Chattanooga Association of REALTORS #1512005

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

Public Records for 7632 Mallette Road

Taxable ValueLand-Additions-Total-
Tax Record2025$708 ($59 / month)
Home Facts
Beds0Total Finished SqFt1,188 SqFtAbove Grade Finished SqFt1,188 SqFtStories1Lot Size17,550 SqFtStyleSingle Family ResidenceYear Built1965Year Renovated1978ZoningR1CountyHAMILTONAPN129N F 013

Schools near 7632 Mallette 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
Public - K to 12
Rating
School
Distance
Bess T Shepherd Elementary School
PublicPK to 5

Tyner Middle Academy
Public6 to 8

Tyner Academy
Public9 to 12

Hamilton County Virtual School
PublicK 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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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 Rock Point Real Estate, Philip Lancaster (423.400.0101)

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: 08/07/2025 09:40 AM