2-Unit Duplex with Private
New
For Sale
$499,900
1438 N Smith Street, Chattanooga, TN 37412
Each residence offers three bedrooms, two full bathrooms, and an open-plan living area.
Property Size2,410 SF
Days on Market5
Property Features for 1438 N Smith Street
General Information
Standard status
Active
Size
2,410 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$289
Building Details
Building Size
2,410 SF
Year Built
2026
Listing Agency:
Zach Taylor - Chattanooga
Listed By:
Nikolay Timoshchuk Jr · License #386251
(423) 827-4724
Source:
Gracefrankgroup
Added: Oct 13
Changed: Oct 17
Last Checked: Oct 17 at 2:19AM
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 Zach Taylor - Chattanooga
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences, each with three bedrooms and two full bathrooms. The open-plan interiors have 9-foot ceilings and kitchens fitted with quartz counters, white shaker cabinets, stainless steel appliances, a seating island, and a vent hood. Each primary suite includes dual vanities and a walk-in closet. Private parking serves the property.
The address is minutes from Downtown Chattanooga, with nearby destinations including Champy’s, Topgolf Chattanooga, and Camp Jordan. Shopping, dining, entertainment, and major highways are also accessible from the property.
The address is minutes from Downtown Chattanooga, with nearby destinations including Champy’s, Topgolf Chattanooga, and Camp Jordan. Shopping, dining, entertainment, and major highways are also accessible from the property.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Built in 2026 with 9‑foot ceilings
- Kitchens include quartz countertops, stainless steel appliances, and an island with seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,660
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,200
$473.2K
Cap Rate 7%
$338,000
$338.0K
Cap Rate 9%
$262,889
$262.9K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$33.8K $14.03/SF
− OpEx
−$10.1K −$4.21/SF
NOI
$23.7K $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%
$473,200
Cap Rate 7%
$338,000
Cap Rate 9%
$262,889
Alternative Uses
Best Use
Multifamily LT 5
$338.0K
$295.8K – $394.3K
NOI $23,660 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$303.3K
$265.4K – $353.9K
NOI $21,231 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$532.3K
$465.7K – $621.0K
NOI $37,258 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two full bathrooms, and an open-plan living area.
Where is this duplex located?
The property is located at 1438 N Smith Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; Built in 2026 with 9‑foot ceilings; Kitchens include quartz countertops, stainless steel appliances, and an island with seating
