Adjacent Duplex
New
For Sale
$275,000
1201 E 34th Street, Chattanooga, TN 37407
Each residence offers three bedrooms, two full bathrooms, open living areas, and a functional layout.
Property Size2,328 SF
Days on Market7
Property Features for 1201 E 34th Street
General Information
Standard status
Active
Size
2,328 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,199
Building Details
Building Size
2,328 SF
Year Built
2004
Listing Agency:
LPT Realty LLC
(423) 240-3396
Listed By:
Jennifer Dixon · License #361300
(423) 240-3396
Source:
Gracefrankgroup
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 5 at 7:24AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $15.00 |
| − Vacancy | −$2.3k | −$0.98 |
| EGI | $32.7k | $14.03 |
| − OpEx | −$9.8k | −$4.21 |
| NOI | $22.9k | $9.82 |
2,328 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,855 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K
NOI $20,509 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$514.2K
$449.9K – $599.9K
NOI $35,991 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Explore this area
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
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 - 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 $275,000.
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
