Quadplex with Individual
For Sale
$600,000
15 Sawyer St, Chattanooga, TN 37405
Four-unit property with separate access points and contemporary interior finishes near Chattanooga’s downtown and Northshore districts.
Property Size2,520 SF
Price / SF$238.10
Days on Market61
Property Features for 15 Sawyer St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Asher Black · License #359562
(423) 208-4943
Source:
Shearonsellsteam
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 12 at 11:55PM
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 Greater Downtown Realty dba Keller Williams Realty
Investment Insights
Based on property information with market context.
Built in 1940, this 2,520-square-foot quadplex contains four units with separate entrances, contemporary finishes, and functional layouts. The configuration provides distinct access for each residence within a single multifamily property.
The property is located at 15 Sawyer St in Chattanooga, near downtown and the Northshore district. Coolidge Park and the Walnut Street Bridge are within walking distance, along with restaurants, shops, and entertainment. The location also offers access to downtown employers and outdoor recreation.
The property is located at 15 Sawyer St in Chattanooga, near downtown and the Northshore district. Coolidge Park and the Walnut Street Bridge are within walking distance, along with restaurants, shops, and entertainment. The location also offers access to downtown employers and outdoor recreation.
Key Highlights
- Four‑unit quadplex with 2,520 square feet
- Separate entrances serve each unit
- Contemporary interior finishes and functional layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$37.8K $15.00/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$35.3K $14.03/SF
− OpEx
−$10.6K −$4.21/SF
NOI
$24.7K $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%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$317.1K
$277.5K – $370.0K
NOI $22,200 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$556.6K
$487.0K – $649.3K
NOI $38,959 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with separate access points and contemporary interior finishes near Chattanooga’s downtown and Northshore districts.
Where is this quadplex located?
The property is located at 15 Sawyer St Chattanooga, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,520 square feet; Separate entrances serve each unit; Contemporary interior finishes and functional layouts
