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Land with Home for Sale in Chattanooga, Tennessee

3118 Easton Ave, Chattanooga, TN 37415

$385,000
2 acres
Active sale
ago
Est $2,140/mo

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.

4,135
Sq feet
4
Beds
3
Full baths
1
1/2 bath
1940
Built

Location

Street address
3118 Easton Ave
Community
Chattanooga
Elevation
767 feet
Coordinates
35.1049, -85.2943

Property details

Acreage
2 acres
MLS #
CAR 1531764
Posted

Property taxes

Recent
$3,522 - EASTON AVE

Parcels

  • 118i B 023

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Crye-Leike

Lot

Features
Back Yard, City Lot, Corner Lot, Front Yard, Level

Exterior

Parking
Driveway, Off Street
Pool
Porch
Structures
Residence

Structure

Stories
2
Basement
Full, Unfinished
Water
Public
Sewer
Public Sewer
Heating
Central, Electric
Cooling
Central Air, Multi Units
Materials
Stucco

Interior

Rooms
Basement, Bathroom x 4, Bedroom x 4
Flooring
Hardwood, Laminate
Fireplaces
Yes
Appliances
Electric Range, Free-Standing Electric Range
Features
Crown Molding

Nearby schools

NameType
Rivermont ElementaryElementary
Red Bank MiddleMiddle
Red Bank High SchoolHigh

Listing history

DateEventPriceChangeSource
Apr 3, 2026New listing$385,000CAR
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This 2-acre property is located at 3118 Easton Ave in Chattanooga, TN 37415. The property is available for sale for $385,000. It has a 4,135 sq ft 4 bedroom, 3 bath house built in 1940.

Checked 2 hours ago — Updated

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