Two-Unit Duplex with Contemporary
New
For Sale
$499,900
1438 N Smith Street, Chattanooga, TN 37412
Residential Income, Chattanooga, TN
Property Size2,410 SF
Lot Size0.28 Acres
Price / SF$207.43
Days on Market1
Property Features for 1438 N Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
Parking features
Off Street
Window features
Low Emissivity Windows, Vinyl Frames
Patio and Porch features
Porch
Exterior features
Private Yard
Appliances
Electric Water Heater, Electric Oven, Electric Cooktop, Disposal, Dishwasher
Lot features
Back Yard
Elementary school
Spring Creek Elementary
Middle school
East Ridge Middle
High school
East Ridge High
Directions
Take the exit toward Chattanooga/Atlanta onto I-75 S. Take exit 1 toward US-41/East Ridge. Turn right onto Ringgold Rd (US-41 N/US-76 W) toward East Ridge .Turn right onto N Smith St. Turn right.
Subdivision
Chattanooga
Standard status
Active
APN
169l K 001.01
Size
2,410 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
Lt 19 Maypo Addition Pb 15 Pg 40 Re V Pb 42 Pg 3
Tax Annual Amount
289
Legal Description
Lt 19 Maypo Addition Pb 15 Pg 40 Re V Pb 42 Pg 3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick, Stucco, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Nikolay Timoshchuk Jr · License #386251
(423) 827-4724
Added: Oct 13
Last Checked: Oct 13 at 7:06PM
MLS# 1544518
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.
Under construction in Chattanooga, this 2,410-square-foot duplex contains two residences, each with three bedrooms and two full bathrooms. The open-plan interiors feature 9-foot ceilings, vinyl flooring, and kitchens with white shaker cabinetry, quartz counters, stainless steel appliances, and an island. Primary suites include dual vanities and walk-in closets. The property also has off-street parking and a private yard on a 0.28-acre lot.
The brick, stucco, and vinyl-sided building is designed in a ranch style and is scheduled as a 2026 build. Public water and sewer serve the property. Downtown Chattanooga, Champy’s, Topgolf Chattanooga, and Camp Jordan are described as minutes away, with shopping, dining, entertainment, and major highways in the area.
The brick, stucco, and vinyl-sided building is designed in a ranch style and is scheduled as a 2026 build. Public water and sewer serve the property. Downtown Chattanooga, Champy’s, Topgolf Chattanooga, and Camp Jordan are described as minutes away, with shopping, dining, entertainment, and major highways in the area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,410 square feet on a 0.28‑acre lot
- Under construction; year built listed as 2026
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.
How Realmo checks its estimates
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes 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; 2,410 square feet on a 0.28‑acre lot; Under construction; year built listed as 2026
