502 Oliver Street, Chattanooga

$785,000

6 Beds
4 Baths
3,298 Sqft
.43 Acre
2 Garages

Stunning 6-Bedroom Home with Income-Producing Basement - Prime Location!
Discover urban living at its finest in this beautifully designed 6-bedroom, 3.5-bathroom home, just blocks from Frazier Avenue, the Walnut Street Pedestrian Bridge, Coolidge Park, and the Tennessee River. With an open floor plan, multiple decks, and a charming covered front porch, this home offers both comfort and convenience in one of the city's most desirable locations.
Step inside to find a spacious main level featuring a seamless flow between the living, dining, and kitchen areas—perfect for entertaining. Upstairs, generously sized bedrooms provide ample space for family and guests.
But the true gem of this property is the full finished basement, complete with a private entrance, full kitchen, bedroom, bathroom, laundry area, and open living/dining space. Currently used as a successful Airbnb rental, this space offers an incredible opportunity for extra income or multi-generational living.
Eco-Friendly, Certified RainSmart Yard!
This home features a certified RainSmart yard, a distinction awarded to residents who implement improvements to manage stormwater and support native plants. With approximately 300 gallons of rainwater capture and an abundance of native plants throughout the yard, this property is both beautiful and environmentally responsible.
Additionally, sellers received Chattanooga SupportScapes funding to remove invasive species in the backyard and replace them with native shrubs, trees, and flowering plants, further enhancing the landscape while supporting local ecosystems.

Parking & Additional Features
2-car garage plus off-street parking for two more vehicles. Thoughtfully landscaped yard designed for sustainability. Prime location in the heart of the city
Don't miss your chance to own this exceptional home that blends modern convenience, income potential, and eco-conscious living in an unbeatable location.

Essential Information
MLS® #1508177
Price$785,000
Bedrooms6
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage3,298
Acres0.43
Year Built2019
TypeResidential
Sub-TypeSingle Family Residence
StyleOther
StatusActive
Community Information
Address502 Oliver Street
AreaChattanooga
SubdivisionFrazier & Collvilles
CityChattanooga
CountyHamilton
StateTN
Zip Code37405
Amenities
# of Garages2
Utilities

Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Underground Utilities

Parking

Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Front, Off Street, On Street

Interior
HeatingCentral, Electric
CoolingCentral Air, Electric
FireplaceYes
FireplacesFamily Room, Gas Log
Has BasementYes
BasementFinished
Interior Features

Beamed Ceilings, Breakfast Nook, Eat-in Kitchen, Separate Shower, Tub/shower Combo, Walk-In Closet(s)

Appliances

Water Heater, Microwave, Electric Water Heater, Electric Oven, Disposal, Dishwasher, Built-In Gas Range

Exterior
Exterior FeaturesPrivate Entrance, Rain Gutters
RoofAsphalt, Shingle
FoundationBlock, Combination, Slab
Lot Description

Front Yard, Gentle Sloping, Landscaped, Sloped

Construction

Block, Cement Siding, Concrete, Stone

School Information
ElementaryNormal Park Elementary
MiddleNormal Park Upper
HighRed Bank High School
Additional Information
Date ListedFebruary 27th, 2025
Days on Market27
Property History
Price Reduced from $800,000 to $785,000
Price Reduced from $825,000 to $800,000
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 502 Oliver Street, Chattanooga, TN

Photo of Listing #1509454
New Listing

515 Wells Street, Chattanooga

$600,000 - 3 Beds, 2 Baths, 1,600 Sf

MLS® # 1509454

Greater Chattanooga Association of Realtors Logo
Photo of Listing #1509451
New Listing

606 Orr Street, Chattanooga

$695,000 - 3 Beds, 3 Baths, 2,434 Sf

MLS® # 1509451

Greater Chattanooga Association of Realtors Logo
Photo of Listing #1509384
New Listing

513 Druid Lane, Chattanooga

$655,000 - 4 Beds, 3 Baths, 2,300 Sf

MLS® # 1509384

Greater Chattanooga Association of Realtors Logo

Listing Courtesy Of: Crye-Leike, REALTORS

Greater Chattanooga Association of Realtors Logo

The information being provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Keller Williams Realty does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded.

Copyright© 2025 by Chattanooga Association of REALTORS®

This site does not contain all listings available through the MLS.

INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.

This site was last updated on March 26th, 2025 at 9:00pm