One-Level Brick
New
For Sale
$300,000
Pending
1515 Shelby Circle, Hixson, TN 37343
Residential Income, Hixson, TN
Property Size1,792 SF
Lot Size0.35 Acres
Days on Market6
Property Features for 1515 Shelby Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Driveway
Window features
Insulated Windows, Vinyl Frames
Patio and Porch features
Porch
Interior features
Pantry, Storage, Tub/shower Combo
Appliances
Water Heater, Free-Standing Gas Oven, Electric Water Heater
Lot features
Back Yard, Front Yard, Level
Elementary school
Big Ridge Elementary
Middle school
Hixson Middle
High school
Hixson High
Directions
Take Hwy 153 North and make a right on Hixson Pike. Make a left on Middle Valley Rd. Make a right on Shelby Circle. Duplex is on the left. Sign in Yard.
Subdivision
Chattanooga
Standard status
Pending
APN
091m C 004
Size
1,792 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
Tract 4 Pt Olympic Homes Tract 25-8 9
Tax Annual Amount
3804
Legal Description
Tract 4 Pt Olympic Homes Tract 25-8 9
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Carpet, Linoleum
Building materials
Brick, Wood Siding
Roof type
Shingle
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Nu Vision Realty
(423) 551-3948
Listed By:
Mike Robertson · License #339280
(423) 227-1575
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 2:06PM
MLS# 1543989
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 1,792-square-foot duplex occupies a 0.35-acre parcel and is tenant-occupied. The one-level building has brick and wood siding, driveway parking, a porch, central air, and natural gas heat. The room inventory includes four bedrooms and two bathrooms.
Building updates include replaced ductwork and a new hot water heater in 2024, HVAC in 2022, windows in 2019, a front door in 2017, and a roof in 2012. The property also has a free-standing gas oven and pantry storage.
Building updates include replaced ductwork and a new hot water heater in 2024, HVAC in 2022, windows in 2019, a front door in 2017, and a roof in 2012. The property also has a free-standing gas oven and pantry storage.
Key Highlights
- One‑level duplex with 3/4 brick construction
- 1,792 square feet on a 0.35‑acre lot
- Tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,055
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,100
$301.1K
Cap Rate 7%
$215,071
$215.1K
Cap Rate 9%
$167,278
$167.3K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.3K $13.56/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$21.5K $12.00/SF
− OpEx
−$6.5K −$3.60/SF
NOI
$15.1K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,100
Cap Rate 7%
$215,071
Cap Rate 9%
$167,278
Alternative Uses
Best Use
Multifamily LT 5
$215.1K
$188.2K – $250.9K
NOI $15,055 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$197.5K
$172.8K – $230.5K
NOI $13,827 @ 7.0% cap · market cap 4.61%
Theoretical Best
Healthcare Medical
$297.6K
$260.4K – $347.2K
NOI $20,831 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
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?
Duplex - The tenant-occupied property includes driveway parking and a porch.
Where is this duplex located?
The property is located at 1515 Shelby Circle Hixson, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: One‑level duplex with 3/4 brick construction; 1,792 square feet on a 0.35‑acre lot; Tenant‑occupied
