Duplex with Shaded Back
For Sale
$475,000
112 E Manning St, Chattanooga, TN 37405
One side is leased, while the other is vacant for an owner occupant or additional rental arrangement.
Property Size2,120 SF
Price / SF$224.06
Days on Market50
Property Features for 112 E Manning St
General Information
Standard status
Active
Size
2,120 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Northside Cherokee Community Association
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,185
Amenities
back deck
Building Details
Buildings
1
Listing Agency:
EXP Realty, LLC
(888) 519-5113
Listed By:
Drew Carey · License #327119
(423) 618-3739
Source:
Exprealty
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 30 at 3:39PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1998, this two-unit residential income property offers a one-bedroom, one-bath unit on the left and a two-bedroom, one-bath unit on the right. The left unit is occupied under a 1-year lease that began 8/1/2026, while the right unit is vacant. A shared driveway leads to parking for 4 vehicles behind the building, with additional street parking available. The property also includes a tree-shaded back deck that provides outdoor space for residents.
The duplex is located at 112 E Manning Street in Chattanooga, TN 37405, within a short walk of grocery stores, shops, and entertainment. The vacant unit may be shown by appointment, and the occupied unit should not be disturbed.
The duplex is located at 112 E Manning Street in Chattanooga, TN 37405, within a short walk of grocery stores, shops, and entertainment. The vacant unit may be shown by appointment, and the occupied unit should not be disturbed.
Key Highlights
- Two‑unit property with a 1‑bedroom, 1‑bath left unit and a 2‑bedroom, 1‑bath right unit
- Left unit has a 1‑year lease that began 8/1/2026
- Right unit is vacant for owner occupancy or leasing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,813
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,260
$416.3K
Cap Rate 7%
$297,329
$297.3K
Cap Rate 9%
$231,256
$231.3K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$31.8K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.7K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.8K $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%
$416,260
Cap Rate 7%
$297,329
Cap Rate 9%
$231,256
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$266.8K
$233.5K – $311.3K
NOI $18,677 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$468.2K
$409.7K – $546.3K
NOI $32,775 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
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Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One side is leased, while the other is vacant for an owner occupant or additional rental arrangement.
Where is this duplex located?
The property is located at 112 E Manning St Chattanooga, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit property with a 1‑bedroom, 1‑bath left unit and a 2‑bedroom, 1‑bath right unit; Left unit has a 1‑year lease that began 8/1/2026; Right unit is vacant for owner occupancy or leasing
