Single-Level
For Sale
$310,000
Pending
6270 Teletha Lane, Chattanooga, TN 37415
Residential Income, Chattanooga, TN
Property Size1,680 SF
Lot Size0.27 Acres
Days on Market49
Property Features for 6270 Teletha Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Basement
Patio and Porch features
Porch, Deck
Interior features
Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen, Storage, Tub/shower Combo
Exterior features
Fire Pit, Private Yard
Basement
Unfinished
Appliances
Microwave, Electric Range
Subdivision
Golden Oaks
Lot features
Landscaped, Level
Elementary school
Hixson Elementary
Middle school
Red Bank Middle
High school
Red Bank High School
Standard status
Pending
APN
090d A 021
Size
1,680 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
Lot 18 Golden Oaks Estates Pb 27 Pg 212
Tax Annual Amount
1415
Legal Description
Lot 18 Golden Oaks Estates Pb 27 Pg 212
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
Frame
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Lori Montieth · License #TN310349
(423) 503-2450
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 8 at 4:06PM
MLS# 1539213
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 1980 ranch-style duplex contains 1,680 square feet on a 0.27-acre lot, with both residences arranged on one level. Interior finishes include laminate and tile flooring, and each unit has a refrigerator; one also includes a washer and dryer. Central heating and cooling serve the property. The basement has been professionally encapsulated and includes a commercial-grade sump pump and dehumidifier, providing substantial storage space and updated moisture control. The left unit has a 2026 HVAC system, while both units feature rebuilt air handlers and updated ductwork.
Exterior improvements include an expanded parking pad, new sidewalk, privacy fencing, refreshed porch railings, and a rebuilt deck facing the backyard. The property also includes a porch, private yard, fire pit, public water, and septic service. Located in Chattanooga’s 37415 postal area in Hamilton County, the duplex is near Hixson shopping and dining and North Shore amenities.
Exterior improvements include an expanded parking pad, new sidewalk, privacy fencing, refreshed porch railings, and a rebuilt deck facing the backyard. The property also includes a porch, private yard, fire pit, public water, and septic service. Located in Chattanooga’s 37415 postal area in Hamilton County, the duplex is near Hixson shopping and dining and North Shore amenities.
Key Highlights
- 1,680‑square‑foot duplex on a 0.27‑acre lot
- Single‑level ranch layout built in 1980
- Left‑side HVAC replaced in 2026; both units have rebuilt air handlers and updated ductwork
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
$16,493
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
5.32%
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%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 1,680 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
$25.2K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$23.6K $14.03/SF
− OpEx
−$7.1K −$4.21/SF
NOI
$16.5K $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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.7K
NOI $14,800 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$371.0K
$324.7K – $432.9K
NOI $25,973 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
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 - Ranch-style duplex with updated mechanical systems, private outdoor space, and a finished-ready interior configuration.
Where is this duplex located?
The property is located at 6270 Teletha Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,680‑square‑foot duplex on a 0.27‑acre lot; Single‑level ranch layout built in 1980; Left‑side HVAC replaced in 2026; both units have rebuilt air handlers and updated ductwork
