Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    575 Irondale Road South Pittsburg, TN 37380

    View on Map
    Claim this Listing
    For Sale
    $275,000

    MULTI_FAMILY - South Pittsburg, TN

    Property size:
    960 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $286/SF
    Added:
    Jan 8, 2026
    Days on Market:
    118
    Last Refresh:
    May 6 at 10:06 am

    Property Features for 575 Irondale Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1
    Parking features
    Driveway, Paved or Surfaced
    Window features
    Vinyl Frames
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Eat-in Kitchen, Laminate Counters
    Appliances
    Refrigerator, Microwave, Electric Oven, Dishwasher
    Standard status
    Active
    APN
    156k A 009.00
    Size
    960 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Description
    156K A 009.00
    Tax Annual Amount
    1259

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public
    Water front features
    Creek

    Building Details

    Year built
    2019
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Mary Weathers

    Listing agent Mary Weathers License #335545

    Listing office RE/MAX Properties 2242 Encompass Drive, Chattanooga, TN

    Listing date Jan 8, 2026

    MLS# 1526216 Listing URL

    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.

    Overview

    Turnkey Duplex Investment Opportunity

    Located at 575 Irondale Road in South Pittsburg, TN, this duplex presents a turnkey investment opportunity with proven income potential. Each side of the well-maintained duplex includes 1 bedroom and 1 bathroom, along with a living room, kitchen, and in-unit washer and dryer. The property is currently operated as a successful Airbnb short term rental and can be sold fully furnished, enabling immediate income generation. The property is also suitable for long term rentals, owner occupancy with rental income, or a hybrid investment strategy. The private backyard features bistro string lights, a picnic table, and mountain views. Situated on a 0.33-acre lot, the property is located 20 minutes from the Riverdance restaurant at River Gorge Ranch and 10 minutes from Top of the Rock at Jasper Highlands. The 960-square-foot property offers versatility and rental appeal in a South Pittsburg location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Department Store Kitchen & Bath Showroom Food Market Discount Store Grocery & Convenience Store Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Pittsburg
    County
    Marion
    State
    Tennessee
    Longitude
    -85.734375
    Latitude
    34.996009

    Nearby Similar for Sale

    • $750,000
      4,553 SF

      Historic Church Conversion Investment Property

      Fully leased 4-unit apartment building in South Pittsburg, Tennessee.
      602 Elm Avenue, South Pittsburg, TN 37380
      View Details
    • $329,900
      1,912 SF

      Renovated Income Property with Cottage

      Renovated home with rental cottage and expansion potential.
      618 Elm Avenue, South Pittsburg, TN 37380
      View Details
    • $329,900
      1,912 SF

      Renovated South Pittsburg Multi-Unit Property

      Updated main home, income-producing cottage, and large garage.
      618 Elm Avenue, South Pittsburg, TN 37380
      View Details
    • $579,900
      5,620 SF

      Mixed-Use Property in South Pittsburg

      Multi-use property with industrial, retail, and residential spaces.
      307 Elm Ave, South Pittsburg, TN 37380
      View Details
    • $339,900
      1,232 SF

      Remodeled South Pittsburg Income Property

      Corner-lot property with potential for three income-producing units.
      618 Elm Avenue, South Pittsburg, TN 37380
      View Details
    • $11,500

      South Pittsburg Land For Sale

      0.78 acre lot in South Pittsburg, Tennessee.
      Short Hollow Road, South Pittsburg, TN 37380
      View Details
    • $399,900
      1,000 SF

      South Pittsburg Restaurant Opportunity

      Renovated restaurant in high-traffic area near I-24.
      231 S Cedar Ave, South Pittsburg, TN 37380
      View Details
    • $279,000
      3,020 SF

      Downtown South Pittsburg Commercial Property

      Two buildings in downtown South Pittsburg suitable for retail or office.
      435 S Cedar Ave, South Pittsburg, TN 37380
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in South Pittsburg, TN, with income potential.
    Where is this duplex located?
    The property is located at 575 Irondale Road South Pittsburg, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Turnkey duplex, fully furnished, ready for immediate income generation as a short‑term rental (Airbnb).; Proven income potential with flexibility for short‑term rentals, long‑term rentals, or owner occupancy with rental income.; Well‑maintained property built in 2019, featuring two 1‑bedroom, 1‑bathroom units, each with a living room, kitchen, and in‑unit washer and dryer.
    (423) 316-1210
    We can help!
    Listing Contact
    Mary Weathers
    Real Estate License ID: 335545
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    575 Irondale Road, South Pittsburg, TN 37380
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!