Brick Duplex with Private Outdoor
New
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 Market5
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
Basement, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3
Parking features
Off Street
Patio and Porch features
Patio, Deck, Porch
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
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
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered porch
off-street parking
decks
storage rooms
laundry room
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Flooring type
Granite, Carpet, Vinyl
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: Sep 17
Last Checked: Sep 19 at 4:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,526
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
