Updated Duplex with
For Sale
$339,000
Pending
356 Browns Ferry Road, Chattanooga, TN 37419
Residential Income, Chattanooga, TN
Property Size1,652 SF
Lot Size0.25 Acres
Days on Market97
Property Features for 356 Browns Ferry Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Basement, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Off Street
Window features
Double Pane Windows
Patio and Porch features
Deck, Patio
Interior features
Eat-in Kitchen
Basement
Crawl Space
Appliances
Free-Standing Refrigerator, Free-Standing Range, Dishwasher
Lot features
Cleared, Level
Elementary school
Lookout Mountain Elementary
Middle school
Lookout Valley Middle
High school
Lookout Valley High
Directions
I 24 WEST RT ON BROWNS FERRY EXIT, DUPLEX ON RT.
Subdivision
Chattanooga
Standard status
Pending
APN
144n D 031.04
Size
1,652 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LT 1 ORVILLE PAYNE SUB ON BROWNS FE RRY RD PB42 PG385 OUT OF 144N-D-31. 2 FOR 1988
Tax Annual Amount
1942
Legal Description
LT 1 ORVILLE PAYNE SUB ON BROWNS FE RRY RD PB42 PG385 OUT OF 144N-D-31. 2 FOR 1988
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Electric, Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick, HardiPlank Type, Vinyl Siding
Roof type
Shingle
Listing Agency:
United Real Estate Experts
(423) 771-7611
Listed By:
Laila S Punjani · License #TN323356
(423) 314-5085
Added: Jun 9
Changed: Sep 12
Last Checked: Sep 13 at 12:06AM
MLS# 1536426
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 1,652-square-foot duplex, built in 1988, contains two residential units on a 0.25-acre parcel. Each unit includes two bedrooms, one full bathroom, a large living room, an eat-in kitchen, a separate laundry room, and front and rear porches. Recent work includes interior painting, cabinet resurfacing and repainting, new appliances, and bathroom improvements.
Both units are currently vacant, allowing an owner to occupy one side, lease both units, or determine the preferred use without existing tenant leases in place. Property features include brick, HardiPlank Type, and vinyl siding; laminate flooring; central heating and air conditioning; natural gas heat; off-street parking; and public water and sewer. The property is located at 356 Browns Ferry Road in Chattanooga, Tennessee 37419.
Both units are currently vacant, allowing an owner to occupy one side, lease both units, or determine the preferred use without existing tenant leases in place. Property features include brick, HardiPlank Type, and vinyl siding; laminate flooring; central heating and air conditioning; natural gas heat; off-street parking; and public water and sewer. The property is located at 356 Browns Ferry Road in Chattanooga, Tennessee 37419.
Key Highlights
- Duplex with 2 units, each offering 2 bedrooms and 1 full bathroom
- 1,652 square feet on a 0.25‑acre parcel
- Both units are currently vacant
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
$16,219
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
4.78%
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%
$324,380
$324.4K
Cap Rate 7%
$231,700
$231.7K
Cap Rate 9%
$180,211
$180.2K
Market Conditions
NOI Build-Up for 1,652 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
$24.8K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$23.2K $14.03/SF
− OpEx
−$7.0K −$4.21/SF
NOI
$16.2K $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%
$324,380
Cap Rate 7%
$231,700
Cap Rate 9%
$180,211
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.7K – $270.3K
NOI $16,219 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$207.9K
$181.9K – $242.6K
NOI $14,554 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$364.9K
$319.3K – $425.7K
NOI $25,540 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 37419, TN
6,438
Population
2,952
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
49.0 sq mi
ZIP Area
131
Density / Sq Mi
$86,029
Median Household Income
$51,528
Median Earnings
$979
Median Rent
$302,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two vacant units support owner occupancy, leasing, or a combination of both.
Where is this duplex located?
The property is located at 356 Browns Ferry Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Duplex with 2 units, each offering 2 bedrooms and 1 full bathroom; 1,652 square feet on a 0.25‑acre parcel; Both units are currently vacant
