520 S Holly Street, Chattanooga, TN 37404 (MLS# 1531005)

520 S Holly Street, Chattanooga, TN 37404

$2,295,000

Property Type: Residential Income Square Footage: 1,596 Lot Size (sq. ft.): 9,148 Status: Active

Current Price: $2,295,000 List Date: 3/24/2026 Last Modified: 3/24/2026

Overview

Description

THIS PROPRTY MUST BE PURCHASED AS RENTAL PACKAGE. ADDITIONAL MLS NUMBERS TO FOLLOW. PROPERTY WILL NOT BE SOLD INDUVIDUALLY. TOTAL PACKAGE PRICE IS $2,295,000. This package of homes includes 12 single family homes and 2 duplex units. Purchase this updated and cash flowing rental property to increase your monthly revenue stream and lock in potential tax advantages. Updates include but not limited to siding, roofing, windows, gutters and flooring. These units produce nearly $21,000 in monthly gross revenues. Leases in place with many long-term tenants. These units would be a great addition to any portfolio or great for new investor as they are currently rented, updated and ready for new ownership. No sign on property. Please do not disturb tenants. Subject to Tenant's Rights. Showings once fully executed Letter of Intent in place. Buyer to verify any and all information deemed essential. Properties all to be sold in As Is condition. This unit was fully renovated in 2018 with updated e ... (Read more)

Listing Details MLS# 1531005

General Property Information

Number Of Units Total: 2
Stories: Yes
Above Grade Finished Area: 1596
Above Grade Finished Area Source: Tax Records
Living Area: 1596
Living Area Source: Tax Records
Enhanced Accessible: No
Year Built: 1960
ADU YN: No
STVR YN: No
New Construction YN: No
Home Warranty YN: No
Garage YN: No
Carport YN: No
Lot Size Acres: 0.21
Lot Size Square Feet: 9147.6
Lot Size Dimensions: 51.7X135
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 1437.97

Property Features

Appliances: Electric Range; Electric Water Heater; Refrigerator Architectural Style: Other Attic Features: Unfinished Basement: Crawl Space Construction Materials: Other Cooling: Central Air; Electric Current Financing: Conventional Flooring: Laminate; Luxury Vinyl Foundation Details: Block Heating: Central; Electric Interior Features: Laminate Counters; Tub/shower Combo Laundry Features: In Unit; Laundry Closet Levels: One Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Off Street Patio And Porch Features: Deck; Porch Possession: Close Of Escrow; Subject To Tenant Rights Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Special Listing Conditions: Investor Structure Type: Duplex Tenant Pays: All Utilities Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Water Source: Public Window Features: Other Lock Box Type: None Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2026-03-24
Equitable Ownership Interest Listing: No
Property Sub Type: Duplex
Occupant Type: Tenant

Location Tax and Legal

Street Number: 520
Street Direction Prefix: S
Street Name: Holly
Street Suffix: Street
County: Hamilton
State: TN
Postal Code: 37404
Subdivision Name: None
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: THIS PROPRTY MUST BE PURCHASED AS RENTAL PACKAGE. ADDITIONAL MLS NUMBERS TO FOLLOW. PROPERTY WILL NOT BE SOLD INDUVIDUALLY. TOTAL PACKAGE PRICE IS $2,295,000. This package of homes includes 12 single family homes and 2 duplex units. Purchase this updated and cash flowing rental property to increase your monthly revenue stream and lock in potential tax advantages. Updates include but not limited to siding, roofing, windows, gutters and flooring. These units produce nearly $21,000 in monthly gross revenues. Leases in place with many long-term tenants. These units would be a great addition to any portfolio or great for new investor as they are currently rented, updated and ready for new ownership. No sign on property. Please do not disturb tenants. Subject to Tenant's Rights. Showings once fully executed Letter of Intent in place. Buyer to verify any and all information deemed essential. Properties all to be sold in As Is condition. This unit was fully renovated in 2018 with updated electrical, baths, kitchens and more. Great location near UTC. Total rent for both sides is $2525.
Directions: From downtown take MLK until it turns into Bailey Avenue, cross Holtzclaw, property on left at corner of Bailey and Holly Street.

Status Change Information

Major Change Timestamp: 2026-03-24T16:04:25Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-24

More Information

Unit 1

Unit Number: A
Actual Rent: 1225
Unit SqFt: 798
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Updated unit with long term tenants.

Unit 2

Unit Number: B
Actual Rent: 1300
Unit SqFt: 798
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Updated unit with newly signed one year lease.

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 296669
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 264493

Location, Tax, and Legal

Parcel Number: 146j M 027
Office Exclusive: No
Elementary School: Orchard Knob Elementary
Middle Or Junior School: Orchard Knob Middle
High School: Howard School of Academics & Tech
Tax Annual Amount: 2362.11
Tax Legal Description: Lt 16 Blk 15 Highland Park Addn No 1 Pb 1 Pg 23
Deed Book: 12303
Deed Page: 976

Appliances

Electric Range: Yes
Electric Water Heater: Yes
Refrigerator: Yes

Architectural Style

Other: Yes

Attic Features

Unfinished: Yes

Basement

Crawl Space: Yes

Construction Materials

Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Investor: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Foundation Details

Block: Yes

Parking Features

Off Street: Yes

Property Condition

Updated/Remodeled: Yes

Structure Type

Duplex: Yes

Tenant Pays

All Utilities: Yes

Current Financing

Conventional: Yes

Levels

One: Yes

Patio And Porch Features

Deck: Yes
Porch: Yes

Window Features

Other: Yes

Flooring

Laminate: Yes
Luxury Vinyl: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Laminate Counters: Yes
Tub/shower Combo: Yes

Laundry Features

In Unit: Yes
Laundry Closet: Yes

Roof

Metal: Yes

Lock Box Type

None: Yes

Documents

TN Prop Cond Disc or Exempt: Yes

Documents

Lead Based Paint Disclosure ›

TN Prop Cond Disc or Exempt ›

Listing Office: 5H Realty Services, LLC

Last Updated: March - 24 - 2026

Information deemed reliable but not guaranteed.