Updated Duplex with Private
For Sale
$395,000
1322 Dallas Rd, Chattanooga, TN 37405
Fully leased duplex with renovated kitchens, separate HVAC systems, private outdoor space, and dedicated laundry rooms for both apartments.
Property Size1,320 SF
Price / SF$299.24
Days on Market93
Property Features for 1322 Dallas Rd
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northside Cherokee Community Association
Additional Details
Multifamily Units
2
Amenities
private deck
dedicated laundry room
separate HVAC
keypad entry
hardwood flooring
double-pane windows
storage shed
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Natalie Henson
(423) 316-7656
Source:
Shearonsellsteam
Added: Aug 3
Changed: Oct 25
Last Checked: Nov 3 at 8:37AM
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 Greater Downtown Realty dba Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,320-square-foot duplex is fully leased with both apartments occupied. The property includes updated kitchens in each unit, with granite countertops in Unit A and butcher block countertops in Unit B. Unit B received a fully remodeled bathroom in 2024, including a custom tile surround and updated fixtures, while Unit A’s bathroom has also been renovated. Both apartments feature hardwood flooring in the living areas and bedrooms, private decks, dedicated laundry rooms, separate HVAC systems, keypad entry, and double-pane windows. A storage shed serves Unit B.
Property improvements include a new metal roof and fresh exterior paint completed in 2026. The mature lot has established landscaping, including Japanese maples, and the shed roof was replaced around 2020. The property is located at 1322 Dallas Road in Chattanooga, Tennessee.
Property improvements include a new metal roof and fresh exterior paint completed in 2026. The mature lot has established landscaping, including Japanese maples, and the shed roof was replaced around 2020. The property is located at 1322 Dallas Road in Chattanooga, Tennessee.
Key Highlights
- Fully leased duplex with both units occupied
- 1,320‑square‑foot duplex with two apartments
- New metal roof and fresh exterior paint completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,959
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,180
$259.2K
Cap Rate 7%
$185,129
$185.1K
Cap Rate 9%
$143,989
$144.0K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$19.8K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$18.5K $14.03/SF
− OpEx
−$5.6K −$4.21/SF
NOI
$13.0K $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%
$259,180
Cap Rate 7%
$185,129
Cap Rate 9%
$143,989
Alternative Uses
Best Use
Multifamily LT 5
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$166.1K
$145.4K – $193.8K
NOI $11,629 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
173
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with renovated kitchens, separate HVAC systems, private outdoor space, and dedicated laundry rooms for both apartments.
Where is this duplex located?
The property is located at 1322 Dallas Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully leased duplex with both units occupied; 1,320‑square‑foot duplex with two apartments; New metal roof and fresh exterior paint completed in 2026
