Adjacent Duplex
1201 E 34th Street, Chattanooga, TN 37407
For Sale
$249,500
Each residence offers three bedrooms, two full bathrooms, open living areas, and a functional layout.
Property Size2,328 SF
Days on Market103
Property Features for 1201 E 34th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
LPT Realty LLC
Listed By:
Jennifer Dixon · License TN #361300
(423) 240-3396
Source:
Gracefrankgroup
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 8 at 12:05PM
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 LPT Realty LLC
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Investment Insights
Based on property information with market context.
The offering at 1201 E 34th Street includes a duplex with two residences, each configured with 3 bedrooms and 2 full bathrooms. Both sides feature open living areas and practical layouts, and each is occupied under a month-to-month term. The property was built in 2004.
The sale is structured as a package including 1201 and 1203 E 34th Street, two adjacent duplex properties in Chattanooga. The location places residents near schools, public transit, dining, and downtown. Voucher eligibility is available. Showings require a contract, and tenants are not to be disturbed.
The sale is structured as a package including 1201 and 1203 E 34th Street, two adjacent duplex properties in Chattanooga. The location places residents near schools, public transit, dining, and downtown. Voucher eligibility is available. Showings require a contract, and tenants are not to be disturbed.
Key Highlights
- Duplex at 1201 E 34th Street with two 3‑bedroom, 2‑bathroom residences
- Package sale includes 1201 and 1203 E 34th Street
- Two adjacent duplex properties
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,855
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,100
$457.1K
Cap Rate 7%
$326,500
$326.5K
Cap Rate 9%
$253,944
$253.9K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$34.9K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$32.7K $14.03/SF
− OpEx
−$9.8K −$4.21/SF
NOI
$22.9K $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%
$457,100
Cap Rate 7%
$326,500
Cap Rate 9%
$253,944
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,855 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K
NOI $20,509 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$514.2K
$449.9K – $599.9K
NOI $35,991 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
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Business Placement
Demographics for 37407, TN
9,779
Population
3,540
Households
2.8
Avg Household Size
28
Median Age
7%
College-Educated
57%
High-School Grad
3.4 sq mi
ZIP Area
2,876
Density / Sq Mi
$33,785
Median Household Income
$27,018
Median Earnings
$891
Median Rent
$84,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Chattanooga, TN
Properties on Market for Duplexes in Chattanooga
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two full bathrooms, open living areas, and a functional layout.
Where is this duplex located?
The property is located at 1201 E 34th Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Duplex at 1201 E 34th Street with two 3‑bedroom, 2‑bathroom residences; Package sale includes 1201 and 1203 E 34th Street; Two adjacent duplex properties
