Two-Story Quadplex with
For Sale
$625,000
Pending
1026 Greenslake Rd, Chattanooga, TN 37412
Four residential units feature private garages, dedicated laundry areas, and durable interior finishes.
Property Size4,800 SF
Days on Market52
Property Features for 1026 Greenslake Rd
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Missionary Ridge Neighborhood Association
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Diane Patty 4235045006 · License #320892
(423) 504-5006
Source:
Viewknoxvillehomesforsale
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 30 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greater Downtown Realty dba Keller Williams Realty
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 quadplex contains four two-story units, each measuring approximately 1,200 square feet with two bedrooms, one full bath, a private single-car garage, and laundry space at the garage level. Interior features include LVP flooring, stainless steel appliances, granite countertops, and tiled bathroom showers. The property provides approximately 4,800 square feet of combined living area, along with four garages and additional off-street parking.
Built in 1955, the property is located at 1026 Greenslake Rd in Chattanooga, TN 37412. Shared outdoor areas include a front yard and a spacious side yard. Shopping, dining, major roadways, and Downtown Chattanooga are identified as accessible from the property.
Built in 1955, the property is located at 1026 Greenslake Rd in Chattanooga, TN 37412. Shared outdoor areas include a front yard and a spacious side yard. Shopping, dining, major roadways, and Downtown Chattanooga are identified as accessible from the property.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- Approximately 4,800 square feet of combined living space
- Each unit measures approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,124
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,480
$942.5K
Cap Rate 7%
$673,200
$673.2K
Cap Rate 9%
$523,600
$523.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$72.0K $15.00/SF
− Vacancy
−$4.7K −$0.98/SF
EGI
$67.3K $14.03/SF
− OpEx
−$20.2K −$4.21/SF
NOI
$47.1K $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 Rate 5%
$942,480
Cap Rate 7%
$673,200
Cap Rate 9%
$523,600
Alternative Uses
Best Use
Multifamily LT 5
$673.2K
$589.1K – $785.4K
NOI $47,124 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.06M
$927.6K – $1.24M
NOI $74,207 @ 7.0% cap · market cap 11.87%
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
4
Residential units
Location Intelligence
Trade Area within ½ mile
455
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature private garages, dedicated laundry areas, and durable interior finishes.
Where is this quadplex located?
The property is located at 1026 Greenslake Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; Approximately 4,800 square feet of combined living space; Each unit measures approximately 1,200 square feet
