Updated Duplex on Missionary
311 E View Drive Chattanooga, TN 37404
For Sale
$550,000
MULTI_FAMILY - Chattanooga, TN
Property Size3,216 SF
Lot Size1.00 Acre
Price / SF$171.02
Days on Market146
Property Features for 311 E View Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Driveway, Off Street
Window features
Vinyl Frames
Patio and Porch features
Deck, Patio
Pets allowed
Yes, Number Limit, Dogs OK
Interior features
Breakfast Room, Ceiling Fan(s), Crown Molding, Double Vanity, Entrance Foyer, Granite Counters, High Speed Internet, Open Floorplan, Storage, Tub/shower Combo
Exterior features
Balcony, Private Entrance, Private Yard, Rain Gutters
Appliances
Stainless Steel Appliance(s), Refrigerator, Free-Standing Electric Range, Disposal, Dishwasher
Standard status
Active
APN
156k J 007
Size
3,216 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
LOTS 91,99 PT 82,83,90,98 DUNLAP PL ACE PB I/3 PG 253
Tax Annual Amount
3446
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Bamboo, Tile
Building materials
HardiPlank Type, Stone
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Real Estate Partners Chattanooga LLC
(423) 265-0088
Listed By:
Melissa Hennessy · License #334281
(703) 926-5108
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 29 at 6:06PM
MLS# 1529844
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 turnkey investment opportunity is located on Missionary Ridge. It is an updated, mid-century modern duplex with tenants already in place, providing immediate income. Each unit features two bedrooms, two full baths, a laundry closet with a washer and dryer included, and a large, first-floor space that can flex as living space or a third bedroom. Significant improvements have been made to both units, including the roof, HVAC, sewage pump, bamboo flooring throughout, baths, and a completely renovated kitchen in one unit. The property is situated in a private, peaceful setting just minutes from downtown Chattanooga and the airport, offering both convenience and strong rental appeal. The property size is 3216 square feet and the lot size is 1 acre.
Key Highlights
- Updated mid‑century modern duplex (year built 1965) with tenants already in place
- Each unit offers 2 bedrooms and 2 full baths, plus a laundry closet with washer and dryer included
- Kitchen upgrades include granite counters and a completely renovated kitchen in one unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $15.00 |
| − Vacancy | −$3.1k | −$0.98 |
| EGI | $45.1k | $14.03 |
| − OpEx | −$13.5k | −$4.21 |
| NOI | $31.6k | $9.82 |
3,216 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$404.7K
$354.2K – $472.2K
NOI $28,332 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$710.3K
$621.5K – $828.7K
NOI $49,719 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey investment: updated duplex near downtown Chattanooga with immediate income.
Where is this duplex located?
The property is located at 311 E View Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Updated mid‑century modern duplex (year built 1965) with tenants already in place; Each unit offers 2 bedrooms and 2 full baths, plus a laundry closet with washer and dryer included; Kitchen upgrades include granite counters and a completely renovated kitchen in one unit
