Duplex with Mountain
For Sale
$320,000
1080 Main Street S, Dunlap, TN 37327
Residential Income, Dunlap, TN
Property Size2,688 SF
Lot Size1.10 Acres
Price / SF$119.05
Days on Market9
Property Features for 1080 Main Street S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Parking features
Off Street
Spa
1
Window features
Vinyl Frames
Patio and Porch features
Patio, Deck
Appliances
Washer/Dryer Stacked, Refrigerator, Electric Range, Dishwasher
Subdivision
Prigmores
Lot features
City Lot, Flag Lot, Rural, Sloped
Elementary school
Griffith Elementary School
Middle school
Sequatchie Middle
High school
Sequatchie High
Directions
From 127/Rankin Avenue, turn left onto Main Street. Turn left into driveway after 1.1 mile and duplex is on top of the hill to the right. Gravel road.
Standard status
Active
APN
048l D 004.00
Size
2,688 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
1.1 acre on parcel 048 L D 004.00
Tax Annual Amount
1819
Legal Description
1.1 acre on parcel 048 L D 004.00
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Listing Agency:
Century 21 Professional Group · Century 21 Real Estate
(423) 949-7653
Listed By:
Christy Cartwright · License #288190
(423) 834-6545
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 11:06PM
MLS# 1540992
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 duplex property contains 2688 square feet on 1.1 acres and was built in 2006. The interior includes six bedrooms and four bathrooms, with a stacked washer and dryer, refrigerator, electric range, and dishwasher. Central air serves the building, while off-street parking provides on-site vehicle accommodation.
Outdoor features include a patio, deck, and spa. The property is served by public water and public sewer, with cable available. It is located within the city of Dunlap in Sequatchie County, Tennessee, and offers mountain views from the site.
Outdoor features include a patio, deck, and spa. The property is served by public water and public sewer, with cable available. It is located within the city of Dunlap in Sequatchie County, Tennessee, and offers mountain views from the site.
Key Highlights
- Duplex property with 2688 square feet on 1.1 acres
- Six bedrooms and four bathrooms
- Built in 2006
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
$26,389
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
8.25%
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%
$527,780
$527.8K
Cap Rate 7%
$376,986
$377.0K
Cap Rate 9%
$293,211
$293.2K
Market Conditions
NOI Build-Up for 2,688 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
$40.3K $15.00/SF
− Vacancy
−$2.6K −$0.98/SF
EGI
$37.7K $14.03/SF
− OpEx
−$11.3K −$4.21/SF
NOI
$26.4K $9.82/SF
Area
Sequatchie County, 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%
$527,780
Cap Rate 7%
$376,986
Cap Rate 9%
$293,211
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$338.3K
$296.0K – $394.7K
NOI $23,680 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$593.7K
$519.5K – $692.6K
NOI $41,556 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
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?
Duplex - Central air, public utilities, off-street parking, and outdoor patio and deck areas support everyday use.
Where is this duplex located?
The property is located at 1080 Main Street S Dunlap, TN.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex property with 2688 square feet on 1.1 acres; Six bedrooms and four bathrooms; Built in 2006
