Renovated Four-Bedroom
1703 White Oak Rd, Chattanooga, TN 37415
For Sale
$499,900
Two updated units include one vacant side and one occupied side, supporting immediate use or continued rental operations.
Property Size3,120 SF
Lot Size0.26 Acres
Price / SF$160.22
Days on Market93
Property Features for 1703 White Oak Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
RealSmart
Listed By:
Ben Van Gaasbeek · License TN #325574
(619) 995-4700
Source:
Weathersbeerealty
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 7 at 1:32PM
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 RealSmart
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Investment Insights
Based on property information with market context.
This 3,120-square-foot duplex contains two residences, each with four bedrooms and two bathrooms. Both sides received substantial improvements in 2019, including kitchen, bathroom, roofing, and fixture work. Unit A was refreshed again in 2026 with new flooring, interior paint, and additional fixture upgrades; it is vacant and ready for occupancy or leasing. Unit B remains occupied by a long-term tenant.
The property sits on a 90×124 lot, providing separate outdoor areas for the two residences. The exterior has been freshly painted, and the property is designated Flood Zone X. There is no HOA. Located in Chattanooga, the configuration offers two large residential units within a single duplex property.
The property sits on a 90×124 lot, providing separate outdoor areas for the two residences. The exterior has been freshly painted, and the property is designated Flood Zone X. There is no HOA. Located in Chattanooga, the configuration offers two large residential units within a single duplex property.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 bathrooms on each side
- 3,120 square feet on a 90×124 lot
- Unit A updated in 2026 with flooring, paint, and fixture improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,631
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,620
$612.6K
Cap Rate 7%
$437,586
$437.6K
Cap Rate 9%
$340,344
$340.3K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$46.8K $15.00/SF
− Vacancy
−$3.0K −$0.98/SF
EGI
$43.8K $14.03/SF
− OpEx
−$13.1K −$4.21/SF
NOI
$30.6K $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%
$612,620
Cap Rate 7%
$437,586
Cap Rate 9%
$340,344
Alternative Uses
Best Use
Multifamily LT 5
$437.6K
$382.9K – $510.5K
NOI $30,631 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$689.1K
$602.9K – $803.9K
NOI $48,235 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
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Business Placement
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Chattanooga, TN
Properties on Market for Duplexes in Chattanooga
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units include one vacant side and one occupied side, supporting immediate use or continued rental operations.
Where is this duplex located?
The property is located at 1703 White Oak Rd 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‑unit duplex with 4 bedrooms and 2 bathrooms on each side; 3,120 square feet on a 90×124 lot; Unit A updated in 2026 with flooring, paint, and fixture improvements
