Leaders in Homes • Estates • Land • Farms for 3 Decades

185 W Ridgewood Avenue, Chattanooga, TN 37415 (MLS # 1510637)

Price $450,000
Status Active
Beds 4
Baths 4 Baths
Home size 2,646 sqft
Lot Size 20,474 sqft
Days on Market 61
Excellent Quadplex Investment Opportunity in Red Bank! Discover this rare four-unit property in the heart of Red Bank, just minutes from Downtown Chattanooga, making it an ideal location for both tenants and investors. Located near some of the area's best amenities, your future residents will love the quick access to local favorites like Red Bank restaurants, White Oak Dog Park, and the scenic trails of Stringers Ridge. Each unit offers a 1-bedroom, 1-bath layout"”perfect for maximizing rental efficiency and appealing to renters looking for location, simplicity, and value. With rents currently as high as $1,300/month, this property offers strong cash-flow potential and room to grow. One unit is currently vacant, making it easy to show or perfect for a buyer interested in house hacking"”live in one unit and let the others help pay the mortgage! Whether you're looking to expand your portfolio or break into real estate with a low down payment using FHA, VA, or conventional financing, this quadplex checks all the boxes. These low-maintenance units are easy to get rent-ready and attract long-term tenants who want to be near it all. Don't miss your chance to own a multifamily property in one of Chattanooga's hottest up-and-coming areas. Only the vacant unit may be shown. The tenant occupied units may be inspected after an accepted offer.
Property Type(s): Multi Family
Last Updated 5/26/2025 Tract None
Year Built 1970 Community Red Bank
County Hamilton

SCHOOLS

Elementary School Red Bank Elementary
Jr. High School Red Bank Middle
High School Red Bank High School

Additional Details

AIR Electric, Wall Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Oven, Refrigerator
AREA Red Bank
LOT 0.47 acre(s)
LOT DIMENSIONS 79.5X246.6
PARKING Asphalt, Assigned, Off Street
SEWER Public Sewer
STORIES 2
SUBDIVISION None
TAXES 3686.21
WATER Public

Location

 

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This site was last updated on 6/7/25 6:07 AM PDT

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  • 3 Decades Serving TN, GA, AL
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  • 4-Generation Chattanoogan,
    Todd Henon

Todd Henon Properties 423.413.4507 direct Info@ToddHenon.com Keller Williams Realty Greater Downtown Realty 1830 Washington Street Chattanooga, TN 37408 423.664.1900

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GREATER DOWNTOWN

1830 Washington Street Chattanooga, TN 37408 423.664.1900