621 Fortwood Place, Chattanooga, TN 37403 (MLS# 1507504)

621 Fortwood Place, Chattanooga, TN 37403

$760,000

621 Fortwood Place - an impeccably renovated, cash flowing Quadplex in the coveted Fort Wood Historic District next to UTC!

A stunning building, featuring 3 floors of living space & a covered front porch. Full Renovation in 2022, everything is less than 3 years old - Roof, HVAC, kitchens, bathrooms, water heaters, new plumbing liner to city connection, etc.

Incredible location - 4 min walk from UTC, ~20 min walk from Downtown, ~10 min walk to Erlanger Hospital.

A beautiful brick and stucco building with stained glass accents all throughout the first floor.

Conveniently located at the ccorner of Fortwood Pl and Clark St.

The property features a large, covered front porch.

Welcome inside historic 621 Fortwood Place.

Step inside to the common area, with beautiful stained glass and gorgeous refinished hardwood floors.

The bathrooms throughout the building were all thoughtfully renovated with custom green tile, new tubs, stylish black hardware, and timeless basket weave porcelain floor tile.

The gorgeous original red oak floors were all refinished and exist throughout the building.

Each kitchen features white quartz counters, stainless underbasin sinks, black single handle faucets and stainless appliances (refrigerator, dishwasher, microwave and stove in each unit).

All units can be access from common area - Unit 1 and 4 front entrances pictured, and 2 and 3 entrances are up the stairs.

Welcome to Apartment 1, on the main floor at 621 Fortwood Pl. Bedroom #1 is large, featuring stained glass, a fireplace, tall ceilings, recessed lighting and refinished hardwood floors.

Nooks to either side of the fireplace are great for working, lounging or reading.

Unit 1's hallway features a gorgeous chandelier.

Bedroom #2 is at the end of the hall, on the right. Even larger, this room features double closets, a bay window with hidden storage, stianed glass, and ample space for a nightstand, desk and a reading area.

The bathroom is complete with original exposed brick, stylish custom tile, modern light fixtures and a walk-in tiled shower.

Just off the dining room is the spacious and perfectly laid out kitchen - complete with stainless appliances (refrigerator, dishwasher, stove and microwave) and lovely natural light.

Just past the kitchen and its lovely original built-ins, enter the laundry room and mud room with wall-to-wall windows. There is a separate entrance to Unit 1 only at the end of the mudroom, adding to its appeal.

On your left, you'll find the GORGEOUS bathroom. Original built-ins, custom tiled shower and floor, beautiful lighting and natural light.

The custom tile is elegant and timeless.

The built-ins add a glorious historic touch.

The bedrooms are spacious and feature refinished red oak hardwoods.

Bedroom #1 is to the right, with access to the hall and the kitchen.

Apt #2 kitchen features exposed shelving and a long white quartz countertop.

The white quartz countertop and stainless underbasin sink are situated next to the dishwasher, stove and microwave.

This room gets wonderful natural light. Refrigerator and pantry nook at the far end.

This breakfast nook also doubles as a wonderful work bench overlooking the mature foliage in historic Fort Wood.

Bedroom #2 also has access to the kitchen.

This bedroom has a large closet (double doors not pictured).

There is a bonus large closet in the hallway.

This great room is perfect as a living room, dining room and/or flex bedroom.

This room receives magnificent natural light.

The closet (right door) and bathroom (left door) are conveniently located.

The kitchen is wonderfully laid out - stainless appliances, tiled floors, and a stainless underbasin sink.

The kitchen window overlooks the wonderful neighborhood.

Plenty of storage space, perfect for any level of cook.

Once again, featuring green custom tile, a vintage mirror and modern lighting and hardware.

This bathroom also has a large storage closet.

The bedroom at the rear of Apartment #3 is massive and receives a ton of natural light.

Refinished red oak hardwoods are throughout this unit.

The rear bedroom in Apt 3 features a walk-in closet.

Apartments #2 and 3 share a stackable washer and dryer conveniently located in the stairwell leading up to the units (W/D is one short flight of stairs down from each respective unit's front door.

Back in the entry foyer / common space, the door immediately to the right of the stairwell is one of two entrances to Unit 4.

Walk down the stairs from the foyer door into Unit 4.

Turn left at the foot of the stairs and enter the spacious eat-in kitchen.

This kitchen has the same appliance package as the rest of the units - stainless refrigerator, dishwasher, stove and microwave. Quartz counters, open shelving and a large pantry round out this kitchen set up.

Enter Bedroom #1, featuring a fireplace, exposed built-in shelving and an oversized closet.

This basement level unit is only partially below grade, with windows allowing natural light.

The bathroom is located at the center of the unit, with a subway tiled shower surround / tub combo, modern lighting and a pedestal sink.

There is a separate room for the toilet, which also contains stackable washer/dryer hookups.

Bedroom #2 is massive, featuring clear stained concrete floors.

This room features a large walk-in closet.

The entryway from the separate exterior entrance to Unit 4 contains a small foyer with built-in shelving, connecting to Bedroom #3 on the left.

Bedroom #3, also incredibly large and featuring windows with natural light.

An oversized closet and separate entrance to the bathroom round out this bedroom.

Unit 4 has a separate exterior entrance with a new custom awning for cover. The stairwell pictured to the right walks up to the separate entrance of Unit #1, into the mudroom/laundry room.

Fort Wood is one of the most beautiful and historic neighborhoods in all of Chattanooga. Residents love walking around the stone-laden sidewalks and taking in the beautiful architecture.

Erlanger Hospital is less than a 10 min walk. Upscale and diversify your rental strategy by furnishing apartments and renting to travel nurses.

The property is so close to Downtown, yet quietly nestled in the perfect location just east of UTC.

You are also a stone's throw from the Tennessee River, pictured here.

UTC campus, with admissions growing YOY by 4-5%, is a 4 minute walk away.

Beautiful Downtown Chattanooga is only a ~20 minute walk away.

The Riverfront and Aquarium are incredible Downtown attractions.

Chattanooga continues to grow because of its scenic beauty, limitless outdoor activities and growing job opportunities in diverse sectors like technology and healthcare.

Outdoor adventures at Rock City Gardens.

The property is walking distance to several breweries.

Invest in the consistent growth of this incredibly attractive city and reap the rewards for years to come.

Property Type: Residential Income Square Footage: 4,207 Lot Size (sq. ft.): 1,655 Status: Closed

Current Price: $760,000 List Date: 2/15/2025 Last Modified: 8/25/2025

Overview

Description

**INVESTORS & 1031 EXCHANGE BUYERS** Fully leased + fully renovated Quadplex located in the coveted Fort Wood Historic District of Downtown Chattanooga, immediately adjacent to the University of Chattanooga at Tennessee (4 min walk!) & just south of Erlanger Hospital (0.5 mile!), a dream for an investor looking for turnkey Day 1 cash flow & an asset beautifully positioned to capture all the growth upside of the Chattanooga market for years to come. Low maintenance after FULL RENOVATION in 2022; everything is less than 3 years old: this meticulous reno included a new roof, 4 new HVACs, 4 new water heaters, 4 brand new kitchens w/ quartz counters & stainless appliances (dishwasher, fridge, stove & microwave in every unit), 4 full gut bathroom renos w/ custom tile & timeless accents, recessed LED lighting & in-unit/on-site laundry. This spectacular property boasts original historic features, flawlessly maintained: exposed brick, beautifully refinished red oak hardwood floors, multiple ... (Read more)

Listing Details MLS# 1507504

General Property Information

Number Of Units Total: 4
Stories: 3
Living Area: 4207
Living Area Source: Appraiser
Enhanced Accessible: No
Year Built: 1920
New Construction YN: No
Lot Size Acres: 0.038
Lot Size Square Feet: 1655.28
Lot Size Dimensions: 50X33
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: Yes
Senior Community YN: No
List Price/SqFt: 202.04
Sold Price/SqFt: 180.65

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Electric Water Heater; ENERGY STAR Qualified Appliances; Exhaust Fan; Microwave; Refrigerator; Self Cleaning Oven; Smart Appliance(s); Stainless Steel Appliance(s); Washer Basement: Finished; Full Community Features: Historic District; Sidewalks Construction Materials: Brick; Stucco Cooling: Central Air; Electric Exterior Features: Awning(s); Private Entrance Fireplace Features: Basement; Bedroom Flooring: Hardwood; Tile Heating: Central; Electric; Natural Gas; Separate Meters; Varies by Unit Interior Features: Breakfast Nook; Built-in Features; Chandelier; Double Closets; Entrance Foyer; High Ceilings; Recessed Lighting; Stone Counters; Tub/shower Combo Laundry Features: In Unit; Multiple Locations Levels: Three Or More Listing Terms: Cash; Conventional Parking Features: On Street Patio And Porch Features: Covered; Front Porch Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Special Listing Conditions: Personal Interest Structure Type: Multi Family; Quadruplex Tenant Pays: All Utilities Utilities: Electricity Available; Natural Gas Available; Water Available Water Source: Public Window Features: Bay Window(s)

Contract Information

Auction YN: No
Listing Contract Date: 2025-02-12
Equitable Ownership Interest Listing: No
Property Sub Type: Quadruplex
Occupant Type: Tenant

Location Tax and Legal

Street Number: 621
Street Name: Fortwood
Street Suffix: Place
County: Hamilton
State: TN
Postal Code: 37403
Subdivision Name: Fort Wood
MLS Area Major: Chattanooga

Remarks and Miscellaneous

Public Remarks: **INVESTORS & 1031 EXCHANGE BUYERS** Fully leased + fully renovated Quadplex located in the coveted Fort Wood Historic District of Downtown Chattanooga, immediately adjacent to the University of Chattanooga at Tennessee (4 min walk!) & just south of Erlanger Hospital (0.5 mile!), a dream for an investor looking for turnkey Day 1 cash flow & an asset beautifully positioned to capture all the growth upside of the Chattanooga market for years to come. Low maintenance after FULL RENOVATION in 2022; everything is less than 3 years old: this meticulous reno included a new roof, 4 new HVACs, 4 new water heaters, 4 brand new kitchens w/ quartz counters & stainless appliances (dishwasher, fridge, stove & microwave in every unit), 4 full gut bathroom renos w/ custom tile & timeless accents, recessed LED lighting & in-unit/on-site laundry. This spectacular property boasts original historic features, flawlessly maintained: exposed brick, beautifully refinished red oak hardwood floors, multiple fireplaces, stained glass windows, bay windows w/ window seats & a covered front porch. Owners invested in a LED-cured sewer liner to the city connection in 2023, virtually eliminating the risk of plumbing/sewer backups. The incredibly efficient lot has little-to-no landscaping costs. $5,640 gross monthly rents (nearly $68,000 annually) to 4 tenants on long term leases on Day 1! Wonderful property management in place comes highly recommended & allows for a seamless transition with tenant relations (inquire with listing agent). EASY <10 MIN WALK TO ERLANGER HOSPITAL: diversify your strategy to include furnished mid-term rentals to travel nurses & increase your cash flow! Properties like this never come up for sale in Fort Wood. Do not miss your opportunity to own this income-producing gem right next to a fast-growing UTC campus (4-5% YOY growth) and booming Downtown Chattanooga.
Directions: From Downtown Chattanooga, head East on McCallie Ave for 0.8 miles, turn LEFT on Fortwood Place. The property will be on the LEFT in 492 feet, at the corner of Fortwood Place and Clark Street.

Status Change Information

Major Change Timestamp: 2025-08-25T22:08:14Z
Major Change Type: Status Change
Price Change Timestamp: 2025-07-07T22:22:35Z
Status Change Timestamp: 2025-08-25
Under Contract Date: 2025-07-13
Close Date: 2025-08-12
Close Price: 760000
Appraisal Waiver YN: Yes

More Information

Fireplace Features

Fireplaces Total: 2
Basement: Yes
Bedroom: Yes

Unit 1

Unit Number: Yes
Actual Rent: 1500
Unit SqFt: 1297
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Gorgeous main floor unit, complete with 2 large bedrooms, 1 bathroom, exposed brick, bay window seats, tall ceilings and a fireplace; 2 separate entrances, dining room and laundry/mud room.

Unit 2

Unit Number: 2
Actual Rent: 1265
Unit SqFt: 644
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Lovely unit on 2nd level with 2 bedrooms and 1 bathroom, featuring custom tile, original built-ins, extra closet storage and ample natural light. Stackable washer/dryer in stairwell up to units, shared with Unit 3.

Unit 3

Unit Number: 3
Actual Rent: 1275
Unit SqFt: 811
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: Incredible unit on 2nd floor, currently functioning as a 1 bedroom with a large living/great room. Spacious kitchen and gorgeous bathroom. This unit gets incredible natural light. Stackable washer/dryer in stairwell up to units, shared with Unit 2.

Unit 4

Unit Number: 4
Actual Rent: 1600
Unit SqFt: 1455
Total Full Baths: Yes
Baths Total (Legacy): Yes
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: No
Separate Dining: No
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: Spacious lower level unit with 2 separate entrances; Currently used as a 3 bedroom, 1 bathroom unit with a spacious eat-in kitchen and a fireplace. Clear sealed concrete floors throughout.

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 336775
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 2724

Location, Tax, and Legal

Parcel Number: 146a D 021
Office Exclusive: No
Elementary School: Brown Academy
Middle Or Junior School: Orchard Knob Middle
High School: Howard School of Academics & Tech
Tax Annual Amount: 4523.2
Tax Legal Description: PT LT 22 RICHMONDS ADDN PB1 PG34
Deed Book: Yes
Deed Page: 34

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Oven: Yes
Electric Range: Yes
Electric Water Heater: Yes
ENERGY STAR Qualified Appliances: Yes
Exhaust Fan: Yes
Microwave: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Smart Appliance(s): Yes
Stainless Steel Appliance(s): Yes
Washer: Yes

Basement

Finished: Yes
Full: Yes

Community Features

Historic District: Yes
Sidewalks: Yes

Construction Materials

Brick: Yes
Stucco: Yes

Exterior Features

Awning(s): Yes
Private Entrance: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Personal Interest: Yes

Utilities

Electricity Available: Yes
Natural Gas Available: Yes
Water Available: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Parking Features

On Street: Yes

Property Condition

Updated/Remodeled: Yes

Structure Type

Multi Family: Yes
Quadruplex: Yes

Tenant Pays

All Utilities: Yes

Levels

Three Or More: Yes

Patio And Porch Features

Covered: Yes
Front Porch: Yes

Window Features

Bay Window(s): Yes

Flooring

Hardwood: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes
Natural Gas: Yes
Separate Meters: Yes
Varies by Unit: Yes

Interior Features

Breakfast Nook: Yes
Built-in Features: Yes
Chandelier: Yes
Double Closets: Yes
Entrance Foyer: Yes
High Ceilings: Yes
Recessed Lighting: Yes
Stone Counters: Yes
Tub/shower Combo: Yes

Laundry Features

In Unit: Yes
Multiple Locations: Yes

Roof

Composition: Yes

Documents

TN Prop Cond Disc or Exempt ›

Lead Based Paint Disclosure ›

Confirmation of Agency ›

Personal Interest ›

Listing Office: Weichert Realtors The Andrews Group

Last Updated: August - 25 - 2025

Information deemed reliable but not guaranteed.