Two-Unit Duplex with
New
For Sale
$298,000
Pending
4007 Sunset Avenue, Chattanooga, TN 37411
Residential Income, Chattanooga, TN
Property Size1,756 SF
Lot Size0.42 Acres
Days on Market5
Property Features for 4007 Sunset Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features
Garage, Driveway
Subdivision
Orchard Crest
Elementary school
Woodmore Elementary
Middle school
Dalewood Middle
High school
Brainerd High
Standard status
Pending
APN
157b E 002
Size
1,756 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
Lt 6 Blk 1 Orchard Crest Sub Pb8 Pg 52
Tax Annual Amount
3093
Legal Description
Lt 6 Blk 1 Orchard Crest Sub Pb8 Pg 52
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
side yard
backyard
Building Details
Year built
1964
Number of units
2
Listing Agency:
EXP Realty LLC
(888) 519-5113
Listed By:
Drea Irvin · License #363226
(260) 415-3967
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 10:06AM
MLS# 1543704
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 1,756-square-foot duplex contains two residences, each with two bedrooms, one bathroom, and a private garage. Central air serves the property, which was built in 1964. The 0.42-acre parcel also includes driveway parking and outdoor yard space.
One residence is occupied by a long-term tenant. The property is approximately 10 minutes from downtown Chattanooga and 13 minutes from Hamilton Place Mall. Public water and public sewer serve the site.
One residence is occupied by a long-term tenant. The property is approximately 10 minutes from downtown Chattanooga and 13 minutes from Hamilton Place Mall. Public water and public sewer serve the site.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,756 square feet of building area on a 0.42‑acre parcel
- A private garage for each residence, plus driveway parking
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
$17,240
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
5.79%
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%
$344,800
$344.8K
Cap Rate 7%
$246,286
$246.3K
Cap Rate 9%
$191,556
$191.6K
Market Conditions
NOI Build-Up for 1,756 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
$26.3K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$24.6K $14.03/SF
− OpEx
−$7.4K −$4.21/SF
NOI
$17.2K $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%
$344,800
Cap Rate 7%
$246,286
Cap Rate 9%
$191,556
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.3K
NOI $17,240 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.8K
NOI $15,470 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$387.8K
$339.3K – $452.5K
NOI $27,147 @ 7.0% cap · market cap 9.11%
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
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
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 - Each residence has a two-bedroom, one-bath layout and its own garage.
Where is this duplex located?
The property is located at 4007 Sunset Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,756 square feet of building area on a 0.42‑acre parcel; A private garage for each residence, plus driveway parking
