Remodeled Duplex with Private
541 Cedar Glen Circle Chattanooga, TN 37412
For Sale
$380,000
MULTI_FAMILY - Ranch - Chattanooga, TN
Property Size2,372 SF
Lot Size0.31 Acres
Price / SF$160.20
Days on Market12
Property Features for 541 Cedar Glen Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- Off Street
- Patio and Porch features
- Patio, Deck
- Interior features
- Eat-in Kitchen, Granite Counters, Storage
- Exterior features
- Private Entrance
- Basement
- Crawl Space
- Appliances
- Water Heater, Refrigerator, Electric Water Heater, Electric Range, Dishwasher
- Standard status
- Active
- APN
- 170b A 058
- Size
- 2,372 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- LOT 1 CEDAR GLEN ESTATES UNIT 2 30- 380 OUT OF 170B-A-2 FOR 1981
- Tax Annual Amount
- 2831
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Stone
- Roof type
- Shingle
- Architectural style
- Ranch
- Additional Structures
- Storage
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Kidist Asay · License #TN358452
(408) 784-4857
Added: Jul 14
Changed: Jul 16
Last Checked: Jul 25 at 4:06AM
MLS# 1538728
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 fully occupied duplex offers two separate units with private entrances and their own porch. Unit 1 is a 3-bedroom, 2-bath home that was fully remodeled about three years ago, with tile flooring, granite countertops, and an HVAC system installed less than one year ago. Unit 2 is a 2-bedroom, 2-bath unit with updates including new flooring throughout, an updated master bath, and a new water heater; its HVAC is approximately 2–3 years old. The property also shares a roof that was installed about two years ago.
The duplex is located at 541 Cedar Glen Circle in Chattanooga, TN 37412 (Hamilton County).
With two independently accessed units and recent major components, the property is positioned for steady rental performance.
The duplex is located at 541 Cedar Glen Circle in Chattanooga, TN 37412 (Hamilton County).
With two independently accessed units and recent major components, the property is positioned for steady rental performance.
Key Highlights
- Cash‑flowing duplex with 2,468 SF total and both units fully occupied
- Unit 1: 3BR/2BA fully remodeled about 3 years ago; granite counters, tile flooring, and HVAC less than 1 year old
- Unit 2: 2BR/2BA updated with new flooring, updated master bath, and new water heater; HVAC 2–3 years old
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 | $35.6k | $15.00 |
| − Vacancy | −$2.3k | −$0.98 |
| EGI | $33.3k | $14.03 |
| − OpEx | −$10.0k | −$4.21 |
| NOI | $23.3k | $9.82 |
2,372 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.1K – $388.1K
NOI $23,287 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$298.5K
$261.2K – $348.3K
NOI $20,897 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$523.9K
$458.4K – $611.2K
NOI $36,671 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with private entrances, individual porches, updated interiors, and a roof installed about two years ago.
Where is this duplex located?
The property is located at 541 Cedar Glen Circle Chattanooga, TN.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Cash‑flowing duplex with 2,468 SF total and both units fully occupied; Unit 1: 3BR/2BA fully remodeled about 3 years ago; granite counters, tile flooring, and HVAC less than 1 year old; Unit 2: 2BR/2BA updated with new flooring, updated master bath, and new water heater; HVAC 2–3 years old
