Brick Duplex with Private Outdoor
For Sale
$405,000
1418 Stratton Place Drive, Chattanooga, TN 37421
Residential Income, Chattanooga, TN
Property Size2,600 SF
Lot Size0.30 Acres
Price / SF$155.77
Days on Market50
Property Features for 1418 Stratton Place Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 5, Basement
Parking features
Off Street
Patio and Porch features
Porch, Deck, Patio
Basement
Crawl Space
Subdivision
Stratton Place
Lot features
Back Yard, Level
Elementary school
East Brainerd Elementary
Middle school
East Hamilton
High school
East Hamilton
Directions
East on East Brainerd Rd, right on Stratton Place Dr, Duplex is on the Left.
Standard status
Active
APN
158l H 014
Size
2,600 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lt 4 Stratton Place Rev 33-344
Tax Annual Amount
4962
Legal Description
Lt 4 Stratton Place Rev 33-344
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered porch
laundry room
individual decks
storage rooms
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Granite
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Kidist Asay · License #TN358452
(408) 784-4857
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 3 at 9:06AM
MLS# 1542840
Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex in Chattanooga’s East Brainerd area contains two residences on a 0.3-acre lot. Unit A provides 3 bedrooms and 3 bathrooms, while Unit B includes 2 bedrooms and 2 bathrooms. Each residence has a main-level living room, kitchen, half bath, and laundry room, with bedrooms and full bathrooms arranged upstairs. Covered porches, private rear access, individual decks, storage rooms, and designated off-street parking serve both units.
Constructed in 1980, the brick property has a shingle roof, newer siding, newer HVAC systems, central air, electric heating, granite, carpet, and vinyl flooring. Public water and public sewer serve the property. Located at 1418 Stratton Place Drive in Chattanooga, the duplex is near major freeways, shopping, dining, grocery stores, and other everyday services.
Constructed in 1980, the brick property has a shingle roof, newer siding, newer HVAC systems, central air, electric heating, granite, carpet, and vinyl flooring. Public water and public sewer serve the property. Located at 1418 Stratton Place Drive in Chattanooga, the duplex is near major freeways, shopping, dining, grocery stores, and other everyday services.
Key Highlights
- 2,600‑square‑foot duplex on a 0.3‑acre lot
- Unit A includes 3 bedrooms and 3 bathrooms; Unit B has 2 bedrooms and 2 bathrooms
- Each unit offers a living room, kitchen, half bath, laundry room, and upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,526
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,520
$510.5K
Cap Rate 7%
$364,657
$364.7K
Cap Rate 9%
$283,622
$283.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$39.0K $15.00/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$36.5K $14.03/SF
− OpEx
−$10.9K −$4.21/SF
NOI
$25.5K $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%
$510,520
Cap Rate 7%
$364,657
Cap Rate 9%
$283,622
Alternative Uses
Best Use
Multifamily LT 5
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$574.2K
$502.5K – $669.9K
NOI $40,196 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
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 - Two separately configured residences offer multi-level layouts, covered porches, decks, storage, and off-street parking.
Where is this duplex located?
The property is located at 1418 Stratton Place Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 2,600‑square‑foot duplex on a 0.3‑acre lot; Unit A includes 3 bedrooms and 3 bathrooms; Unit B has 2 bedrooms and 2 bathrooms; Each unit offers a living room, kitchen, half bath, laundry room, and upstairs bedrooms
