Renovated Quadplex with
New
For Sale
$687,739
5542 Clemons Road, Chattanooga, TN 37412
MULTI_FAMILY - Ranch - Chattanooga, TN
Property Size4,876 SF
Lot Size1.30 Acres
Price / SF$141.05
Days on Market1
Property Features for 5542 Clemons Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 4, Bathroom 8, Bathroom 3
Parking features
Driveway, Parking Lot
Patio and Porch features
Patio, Porch
Interior features
Wired for Data, Open Floorplan, Laminate Counters, Eat-in Kitchen, Ceiling Fan(s)
Exterior features
Rain Gutters
Appliances
Electric Range, Electric Water Heater, Refrigerator
Lot features
Secluded, Level, Cleared, Secluded, Level, Cleared
Elementary school
Spring Creek
Middle school
East Ridge
High school
East Ridge
Directions
Traveling South on I-75, take East Ridge exit bare right onto Ringgold Rd., turn left onto Springvale Rd., turn right onto Clemons Rd. Swope Dr. will be on your right take the next immediate left onto a private roadway. Quadruplex will be at the end.
Standard status
Active
APN
169j J 029.01
Size
4,876 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Annual Amount
3842
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Multi Units, Central Air
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 473-9545
Listed By:
Sandy Whaley · License #324333
(423) 847-7879
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 20264151
Copyright © 2026 River Counties 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 single-level quadplex contains 4,876 square feet and sits on 1.3 acres in Chattanooga. Interior improvements include fresh paint, new doors, bedroom carpeting, updated kitchen cabinets and fixtures, replacement appliances, and renovated bathroom components. One unit features luxury vinyl plank flooring throughout, while another includes a glass-enclosed shower. Common areas include ceramic tile, and the property offers central heating and cooling, public water, and public sewer.
The property includes an attached garage and workshop, plus a separate 40-by-40-foot garage with 12-foot height. Newly paved access leads to a spacious parking area. A large yard with mature trees borders a creek, and additional exterior features include a porch, patio, vinyl siding, and shingle roofing. Three units are vacant, while one is occupied subject to tenant rights.
The property includes an attached garage and workshop, plus a separate 40-by-40-foot garage with 12-foot height. Newly paved access leads to a spacious parking area. A large yard with mature trees borders a creek, and additional exterior features include a porch, patio, vinyl siding, and shingle roofing. Three units are vacant, while one is occupied subject to tenant rights.
Key Highlights
- 4,876‑square‑foot quadplex on 1.3 acres
- Separate 40 x 40 garage with 12'H clearance
- Attached garage and workshop included
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
$47,870
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
6.96%
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%
$957,400
$957.4K
Cap Rate 7%
$683,857
$683.9K
Cap Rate 9%
$531,889
$531.9K
Market Conditions
NOI Build-Up for 4,876 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
$73.1K $15.00/SF
− Vacancy
−$4.8K −$0.98/SF
EGI
$68.4K $14.03/SF
− OpEx
−$20.5K −$4.21/SF
NOI
$47.9K $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%
$957,400
Cap Rate 7%
$683,857
Cap Rate 9%
$531,889
Alternative Uses
Best Use
Multifamily LT 5
$683.9K
$598.4K – $797.8K
NOI $47,870 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.08M
$942.3K – $1.26M
NOI $75,382 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Single-level property includes updated interiors, parking, and workshop space.
Where is this quadplex located?
The property is located at 5542 Clemons Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $687,739.
What are key features of this property?
This property features: 4,876‑square‑foot quadplex on 1.3 acres; Separate 40 x 40 garage with 12'H clearance; Attached garage and workshop included
