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3118 Easton Avenue, Chattanooga, TN 37415

$385,000
  • 3118 Easton Avenue, Chattanooga, TN 37415 Main Photo

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Contingent
BEDS4 BATHS3 full 1 partial SQUARE FEET4,135 MLS#1531764
STATUSContingent PROPERTY TYPEResidential - Single Family

Property Description

Investor Special | Income-Producing Property on 2 AcresOpportunity 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.

3118 Easton Avenue | MLS# 1531764

This single family home located at 3118 Easton Avenue, Chattanooga, TN 37415 is currently listed for sale with an asking price of $385,000. This property was built in 1940 and has 4 bedrooms and 3 full and 1 partial baths with 4135 sq. ft. Search Chattanooga real estate on www.pamcunninghamrealtor.com today.

Property Features

Property Type: Residential - Single Family
Basement: Full, Unfinished, Cellar
Basement: Yes
Cooling: Central Air, Multi Units
Fireplaces: 1
Fuel Type: Electric
Heating: Central, Electric
Home Style: Other
Lot Size: 2.00 Acres
Taxes: $3,522
Year Built: 1940

Feature Descriptions

Appliances: Electric Range, Free-Standing Electric Range
Common Amenities: None
Days on Site: 15
Exterior: Stucco
Exterior Amenities: None
Fireplace: Living Room
Flooring: Hardwood, Laminate
Interior Amenities: Crown Molding
Laundry: Inside, Main Level
Lot: Back Yard, City Lot, Corner Lot, Front Yard, Level
Lot Dimensions: 283X221
Parcel #: 118i B 023
Parking: Driveway, Off Street, Kitchen Level
Patio/Porch: Front Porch
Utilities: Electricity Connected, Water Connected

Local Schools

High School: Red Bank High School
Middle School: Red Bank Middle
Elementary School: Rivermont Elementary

Listed By / Shown By

Listed By

Agency Name: Crye-Leike, REALTORS

Shown By

Agent Name: Pamela Cunningham
Agent Phone: (815) 289-6323
Agency Title: Gambino Realtors

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Estimated Payment

$ 2,154.58 per month $1,748.79 Principal & Interest $293.50 Property Tax $112.29 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/18/2026. The listing information on this page last changed on 04/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/18/2026 9:12:04 AM EST) or MRED MLS (last updated Sat 04/18/2026 9:09:03 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 04/17/2026 10:15:17 PM EST) or Northern Illinois Commercial Association Realtors (last updated Fri 04/17/2026 2:10:07 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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