Vacant Brick
For Sale
$225,000
Pending
2001 Wilson Street, Chattanooga, TN 37406
Residential Income, Chattanooga, TN
Property Size2,088 SF
Lot Size0.17 Acres
Days on Market32
Property Features for 2001 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Driveway, Off Street
Window features
Aluminum Frames
Patio and Porch features
Porch
Interior features
Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Tub/shower Combo
Appliances
Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven, Electric Water Heater
Lot features
City Lot, Level
Elementary school
Hardy Elementary
Middle school
Orchard Knob Middle
High school
Brainerd High
Subdivision
Chattanooga
Standard status
Pending
APN
136n H 013
Size
2,088 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Lot 3 Lookout Homestead Assoc Pb J6 Pg 106
Tax Annual Amount
2977
Legal Description
Lot 3 Lookout Homestead Assoc Pb J6 Pg 106
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Added: Aug 2
Changed: Aug 24
Last Checked: Sep 2 at 9:06AM
MLS# 1539973
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.
This 1964 ranch-style duplex contains 2,088 square feet on a 0.17-acre parcel, with each side configured as a three-bedroom, one-bath residence. The property is currently vacant and features brick construction, vinyl flooring, central electric heating and cooling, porches, and driveway and off-street parking. Kitchens include refrigerators, freestanding electric ranges and ovens, and electric water heaters. Interior details include eat-in kitchen areas, breakfast nooks, ceiling fans, and tub-and-shower combinations.
Located at 2001 Wilson Street in Chattanooga, the property is served by public water and public sewer. Shingle roofing and the ranch layout complement the straightforward residential configuration, while recent flooring and paint updates provide refreshed interior finishes.
Located at 2001 Wilson Street in Chattanooga, the property is served by public water and public sewer. Shingle roofing and the ranch layout complement the straightforward residential configuration, while recent flooring and paint updates provide refreshed interior finishes.
Key Highlights
- Vacant duplex with 3 bedrooms and 1 bathroom on each side
- 2,088 square feet on a 0.17‑acre lot
- Brick ranch‑style construction dating to 1964
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
$20,499
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
9.11%
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%
$409,980
$410.0K
Cap Rate 7%
$292,843
$292.8K
Cap Rate 9%
$227,767
$227.8K
Market Conditions
NOI Build-Up for 2,088 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
$31.3K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$29.3K $14.03/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$20.5K $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%
$409,980
Cap Rate 7%
$292,843
Cap Rate 9%
$227,767
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$461.1K
$403.5K – $538.0K
NOI $32,280 @ 7.0% cap · market cap 14.35%
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
295
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 - The two units each have three bedrooms and one bathroom, plus new flooring and paint.
Where is this duplex located?
The property is located at 2001 Wilson Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Vacant duplex with 3 bedrooms and 1 bathroom on each side; 2,088 square feet on a 0.17‑acre lot; Brick ranch‑style construction dating to 1964
