503 Ely Rd
Hixson, TN 37343
- 8 Beds
- 6 Baths
- 4,014 sqft (on 1 acre)
8 Beds
6 Baths
4,014 sqft
(on 1 acre)
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1980
Lot Size
1 acre
Living Area
4,014 sqft
Price/Sqft
$187
About this House
This property will be sold at auction to the highest bidder on Feb 4th at 6:30pm at the Mountain City Club in Downtown Chattanooga (729 Chestnut Street). For more information about this property and the auction, please visit the website chattanooogapropertyauction.com
Solid, well-built Four-Plex totaling over 4000ft². The left side has 2 Bedroom, 1 Bathroom layouts, and the right side has 2 Bedroom, 2 Bathroom Layouts. Recent renovations have been completed on 3 of the 4 units. Great rental history. This property is centrally located in a safe, family- oriented Hixson neighborhood. Convenient to Hwy 27 and Hwy 153, as well as shopping, groceries, hospitals, and entertainment.
Solid, well-built Four-Plex totaling over 4000ft². The left side has 2 Bedroom, 1 Bathroom layouts, and the right side has 2 Bedroom, 2 Bathroom Layouts. Recent renovations have been completed on 3 of the 4 units. Great rental history. This property is centrally located in a safe, family- oriented Hixson neighborhood. Convenient to Hwy 27 and Hwy 153, as well as shopping, groceries, hospitals, and entertainment.
503 Ely Rd, Hixson, TN 37343 is a 8 bedroom, 6 bathroom, 4,014 sqft multi-family built in 1980. It last sold for $737,000 on Apr 1, 2016. It is currently off market. The Trulia Estimate is $751,600, with a rent estimate of $1,279/month.
Home Details for 503 Ely Rd
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Heating & Cooling Heating: OtherHeating Fuel: Other |
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Exterior Home Features Roof: Shake ShingleExterior: Wood |
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Year Built Year Built: 1980Year Updated: 1980 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 2 |
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Lot Area: 1 acre |
Price History for 503 Ely Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 04/01/2016 | $737,000 | Sold | N/A |
Market trends in Chattanooga
Last updated June 2026
Avg. sale price
$342K
$18.33KMoM
Sale-to-List Price
98.4%
0.4%MoM
Price per sq ft
$194
$6MoM
Available listings
1102
17MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,794 |
| Assessment | $460,800 |
Home facts updated by county records
Comparable Sales for 503 Ely Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.85 | Multi-Family Home | $1,145,000 | 10/21/25 | 8 | 5 | 6,800 | |
0.39 | Multi-Family Home | $290,000 | 11/07/25 | 4 | 2 | 1,712 | |
1.19 | Multi-Family Home | $567,500 | 06/26/26 | 6 | 4 | 2,730 | |
0.92 | Multi-Family Home | $310,000 | 07/24/26 | 12 | 6 | 1,780 | |
1.37 | Multi-Family Home | $650,000 | 05/08/26 | 5 | 3.5 | 3,887 | |
0.95 | Multi-Family Home | $345,000 | 04/29/26 | 3 | 2 | 1,280 | |
1.10 | Multi-Family Home | $400,000 | 10/30/25 | 4 | 3 | 1,953 | |
1.07 | Multi-Family Home | $292,000 | 06/12/26 | 4 | 2 | 1,500 | |
1.08 | Multi-Family Home | $292,000 | 06/09/26 | 4 | 2 | 1,500 | |
1.40 | Multi-Family Home | $375,000 | 12/03/25 | 4 | 2 | 1,800 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 503 Ely Rd.
What Locals Say about Chattanooga
At least 1518 Trulia users voted on each feature.
86 % Say car is needed
79 % Say it's dog friendly
75 % Say yards are well-kept
75 % Say parking is easy
73 % Say there's holiday spirit
60 % Say kids play outside
57 % Say it's quiet
56 % Say people would walk alone at night
51 % Say neighbors are friendly
49 % Say there are sidewalks
49 % Say they plan to stay for at least 5 years
48 % Say streets are well-lit
45 % Say there's wildlife
39 % Say it's walkable to restaurants
35 % Say it's walkable to grocery stores
30 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
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Off Market Homes Near 503 Ely Rd
Frequently asked questions about 503 Ely Rd
- What is 503 Ely Rd estimated to be worth?Trulia's estimated value for 503 Ely Rd in Hixson, TN is $751,600.
- What is the price history for 503 Ely Rd?503 Ely Rd in Hixson, TN last sold for $737,000 in April 2016.
- Is Hixson a buyer's or seller's market?Hixson is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Hixson?The median sale price in Hixson is $342K. That is up $18.33K from the prior month.