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Randy Durham Team
3118 Easton Avenue, Chattanooga, TN 37415
- $429,500
- 4
- BD
- 4
- BA
- 4,135
- SqFt
- Sold Price
- $429,500
- List Price
- $385,000
- Closing Date
- Apr 30, 2026
- MLS#
- 1531764
- Bedrooms
- 4
- Full-baths
- 3
- Half-baths
- 1
- Sq. Ft
- 4,135
- Acres
- 2
- Year Built
- 1940
Property Description
Investor Special | Income-Producing Property on 2 Acres Opportunity is knocking loud on this one. This 1940s two-story home sits on a spacious 2-acre lot and is ready for a full renovation. With the right vision, this property could be restored to its original charm or reimagined into a high-performing investment. The main house features original hardwood floors, large bedrooms, a spacious living room, and a formal dining room, along with an enclosed front porch that adds to its vintage appeal. Previously converted into separate living spaces with its own exterior entrance, the layout offers flexibility for multi-unit conversion or multi-generational living. The real value? Additional income already in place. The property includes a townhome with 2 units--one currently occupied and generating income, and the other vacant and ready for lease or renovation. The occupied unit was remodeled several years ago, providing a solid starting point for continued cash flow. With 2 acres of land, multiple structures, and strong upside potential, this is a true value-add opportunity for investors, flippers, or anyone looking to build equity. Sold AS-IS. Cash or renovation financing recommended. Bring your contractor, your vision, and a willingness to roll up your sleeves--this one could pay off in a big way. This house was inherited and the current owners have no knowledge of the home. There is also a townhouse on the property. Be careful as there are unstable floors in the front bedroom in the upper unit. Buyers to do their due diligence.
Additional Information
- Style
- Other
- Stories
- 2
- Exterior
- Stucco
- Interior
- Crown Molding
- Floors
- Hardwood, Laminate
- Foundation
- Other
- Basement
- Full, Unfinished, Cellar
- Appliances
- Electric Range, Free-Standing Electric Range
- Exterior Features
- None
- Community Features
- None
- Lot Description
- Back Yard, City Lot, Corner Lot, Front Yard, Level
- Pool Description
- None
- Fireplace Description
- Living Room
- Cooling
- Central Air, Multi Units
- Heating
- Central, Electric
- Elementary School
- Rivermont Elementary
- Middle School
- Red Bank Middle
- High School
- Red Bank High School
- Financing Available
- Cash
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Listing courtesy of Crye-Leike, REALTORS. Selling Office: .