East Brainerd Income Producing
1422 Stratton Place Drive, Chattanooga, TN 37421
- Added:
- Apr 29, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 13 at 6:06 am
Property Features for 1422 Stratton Place Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 6
- Rooms
- Bathroom 5, Basement, Bathroom 4, Bathroom 6, Bedroom 4, Bathroom 1, Dining Room, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
- Parking features
- Driveway, Off Street
- Window features
- Window Treatments, Blinds
- Patio and Porch features
- Deck, Patio, Porch
- Interior features
- Breakfast Room, Ceiling Fan(s), Eat-in Kitchen, En Suite, High Speed Internet, Open Floorplan, Plumbed, Separate Dining Room, Storage, Tub/shower Combo
- Exterior features
- Private Yard, Storage
- Basement
- Crawl Space
- Standard status
- Pending
- APN
- 158l H 015
- Size
- 2,700 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- LT 5 STRATTON PLACE REV 33-344
- Tax Annual Amount
- 4962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Multi Units, Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Block, Brick, Stone
- Roof type
- Asphalt, Shingle
- Additional Structures
- Storage
Listing agent Brian Erwin License #334506 (423) 718-7667
Listing office Real Estate Partners Chattanooga LLC 525 W Main Street Suite 101, Chattanooga, TN (423) 265-0088
Listing date Apr 29, 2026
MLS# 1533558
Listing URL
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.
HighLights
- Income‑producing duplex with a total gross rental income of $41,592 annually.
- Located in the highly desirable East Brainerd area, offering convenient access to major roadways, shopping, and dining.
- Two units: Unit A (3 bed/2.5 bath) and Unit B (2 bed/1.5 bath), both currently leased.
- Each unit features updated flooring and paint, in‑unit laundry, and private rear access to decks and outdoor storage.
- Roof and HVAC systems (x2) estimated to have been replaced in 2020‑2021.
- Ample off‑street parking, covered front porch, and well‑maintained lawn enhance curb appeal.
Overview
Located in the East Brainerd area of Chattanooga, this income-producing duplex at 1422 Stratton Place Drive offers convenient access to major roadways, shopping centers, and dining options. The property features a well-maintained exterior with ample off-street parking, a covered front porch, and a neatly kept lawn. Unit A has 3 bedrooms and 2.5 bathrooms, while Unit B has 2 bedrooms and 1.5 bathrooms. Both units feature comfortable living spaces with natural light, updated flooring and paint, in-unit laundry, a main level half bathroom, large living rooms, private rear access to decks, and outdoor storage rooms. Unit A has 3 upstairs bedrooms and 2 full bathrooms and is leased for $1,995 per month. Unit B offers 2 upstairs bedrooms and 1 full hall bath and is leased for $1,471 per month. A grand renovation is planned in 2025 with documentation records. The roof and HVAC systems (x2) are estimated to have been replaced in 2020-2021. The property is situated just off East Brainerd Road and minutes from Hamilton Place Mall and Gunbarrel Road. The lot size is 0.34 acres, and the property size is 2700 square feet. The current gross rental income is $3,466 per month, or $41,592 annually.
Local 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 | $40.5k | $15.00 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $37.9k | $14.03 |
| − OpEx | −$11.4k | −$4.21 |
| NOI | $26.5k | $9.82 |
2,700 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,786 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,742 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.160065
- Latitude
- 35.011471
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Income-producing duplex in desirable East Brainerd location with strong rental potential.
Where is this duplex located?
The property is located at 1422 Stratton Place Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Income‑producing duplex with a total gross rental income of $41,592 annually.; Located in the highly desirable East Brainerd area, offering convenient access to major roadways, shopping, and dining.; Two units: Unit A (3 bed/2.5 bath) and Unit B (2 bed/1.5 bath), both currently leased.
