Three-Bedroom
New
For Sale
$275,000
1203 E 34th Street, Chattanooga, TN 37407
Two full-home units offer flexible occupancy options with month-to-month lease terms and voucher eligibility.
Property Size2,328 SF
Days on Market7
Property Features for 1203 E 34th Street
General Information
Standard status
Active
Size
2,328 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,199
Building Details
Building Size
2,328 SF
Year Built
2004
Buildings
2
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 4:30AM
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.
Built in 2004, this duplex contains two residential units, each configured with three bedrooms and two full bathrooms. Both sides provide open living areas and layouts designed for full-home occupancy, with the privacy and space associated with a standalone residence. The units are currently leased on month-to-month terms, and voucher programs are eligible.
The property is located at 1203 E 34th Street in Chattanooga, with schools, public transit, dining, and downtown access identified nearby. Flood insurance is required. This duplex must be purchased as part of a package with the adjacent duplex at 1201 E 34th Street; both properties are offered together. Showings are not available before a contract is in place, and tenants should not be disturbed.
The property is located at 1203 E 34th Street in Chattanooga, with schools, public transit, dining, and downtown access identified nearby. Flood insurance is required. This duplex must be purchased as part of a package with the adjacent duplex at 1201 E 34th Street; both properties are offered together. Showings are not available before a contract is in place, and tenants should not be disturbed.
Key Highlights
- Two residential units, each with 3 bedrooms and 2 full bathrooms
- Built in 2004
- Both units currently operate under month‑to‑month lease terms
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two full-home units offer flexible occupancy options with month-to-month lease terms and voucher eligibility.
Where is this duplex located?
The property is located at 1203 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: Two residential units, each with 3 bedrooms and 2 full bathrooms; Built in 2004; Both units currently operate under month‑to‑month lease terms
