Two-Unit
1004 Central Drive, Hixson, TN 37343
For Sale
New
$240,000
Residential Income, Hixson, TN
Property Size1,844 SF
Lot Size0.30 Acres
Price / SF$130.15
Days on Market4
Property Features for 1004 Central Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Keller Williams Realty
(423) 664-1700
Listed By:
Cheryl Ann Goodman · License #345634
(423) 240-7940
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 7 at 5:06PM
MLS# 1545864
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,844-square-foot duplex, built in 1973, sits on a 0.3-acre lot. Each residence has two bedrooms and one bathroom, and both are occupied by month-to-month tenants. Exterior materials include brick and HardiPlank, with a porch and driveway parking. The property also has central heating and air conditioning, public water, and a septic system.
Key Highlights
- 1,844‑square‑foot duplex on a 0.3‑acre lot
- Two residences, each with 2 bedrooms and 1 bathroom
- Both units occupied by month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,492
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,840
$309.8K
Cap Rate 7%
$221,314
$221.3K
Cap Rate 9%
$172,133
$172.1K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$25.0K $13.56/SF
− Vacancy
−$2.9K −$1.56/SF
EGI
$22.1K $12.00/SF
− OpEx
−$6.6K −$3.60/SF
NOI
$15.5K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,840
Cap Rate 7%
$221,314
Cap Rate 9%
$172,133
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.7K – $258.2K
NOI $15,492 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$203.3K
$177.9K – $237.1K
NOI $14,228 @ 7.0% cap · market cap 5.93%
Theoretical Best
Healthcare Medical
$306.2K
$267.9K – $357.3K
NOI $21,435 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Hamilton County, TN
Properties on Market for Duplexes in Hamilton County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have month-to-month tenants and separate two-bedroom, one-bathroom layouts.
Where is this duplex located?
The property is located at 1004 Central Drive Hixson, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,844‑square‑foot duplex on a 0.3‑acre lot; Two residences, each with 2 bedrooms and 1 bathroom; Both units occupied by month‑to‑month tenants
