Renovated Six-Bedroom
For Sale
$265,000
Pending
1754 Ocoee Street, Chattanooga, TN 37406
Residential Income, Chattanooga, TN
Property Size2,100 SF
Lot Size0.17 Acres
Days on Market51
Property Features for 1754 Ocoee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Parking features
Off Street
Window features
Insulated Windows
Patio and Porch features
Patio, Deck
Interior features
Eat-in Kitchen, Open Floorplan
Exterior features
Storage
Basement
Crawl Space
Subdivision
Peyers Addn
Lot features
Level, Wooded
Elementary school
Hardy Elementary
Middle school
Orchard Knob Middle
High school
Brainerd High
Directions
From downtown Chattanooga, Take W 10th St to Georgia Ave, Continue on Georgia Ave. Take TN-58 N to Sholar Ave, Continue on Sholar Ave. Drive to Ocoee St, property on right.
Standard status
Pending
APN
136k D 015
Size
2,100 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LOT 141 PEYERS ADDN AMENDED PB 4 PG 24
Tax Annual Amount
2977
Legal Description
LOT 141 PEYERS ADDN AMENDED PB 4 PG 24
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
REAL Broker
(844) 591-7325
Listed By:
Corey Ballew · License #332263
(423) 529-0696
Added: Jul 3
Changed: Aug 22
Last Checked: Aug 22 at 5:06PM
MLS# 1538029
Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1754 Ocoee Street in Chattanooga, this duplex contains two matching residences within a 2,100-square-foot property. Each unit provides 3 bedrooms, 1.5 bathrooms, more than 1,000 square feet of living space, an eat-in kitchen, and an open floor plan. Both sides are currently vacant.
The property underwent renovation in late 2022 and includes separate electric meters, central heating, and central air conditioning for each unit. Additional features include off-street parking, storage, a patio, and a deck. Public water and public sewer serve the property, which occupies 0.17 acres in Hamilton County.
The property underwent renovation in late 2022 and includes separate electric meters, central heating, and central air conditioning for each unit. Additional features include off-street parking, storage, a patio, and a deck. Public water and public sewer serve the property, which occupies 0.17 acres in Hamilton County.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per unit
- 2,100 square feet on a 0.17‑acre lot
- Each unit offers more than 1,000 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,617
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,340
$412.3K
Cap Rate 7%
$294,529
$294.5K
Cap Rate 9%
$229,078
$229.1K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.5K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$29.5K $14.03/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$20.6K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,340
Cap Rate 7%
$294,529
Cap Rate 9%
$229,078
Alternative Uses
Best Use
Multifamily LT 5
$294.5K
$257.7K – $343.6K
NOI $20,617 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.3K
NOI $18,500 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and equipped with separate electric meters plus central heating and air conditioning.
Where is this duplex located?
The property is located at 1754 Ocoee Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per unit; 2,100 square feet on a 0.17‑acre lot; Each unit offers more than 1,000 square feet of living space
