Renovated Four-Bedroom
For Sale
$524,900
1703 White Oak Rd, Chattanooga, TN 37415
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$168.24
Days on Market33
Property Features for 1703 White Oak Rd
General Information
Standard status
Active
Size
3,120 SF
Lot size
0.26 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,292
Building Details
Year Renovated
2019
Buildings
1
Listing Agency:
RealSmart
(619) 746-8378
Listed By:
Ben Van Gaasbeek · License #325574
(619) 746-8378
Source:
Exprealty
Added: Jul 10
Changed: Aug 11
Last Checked: Aug 11 at 7:28AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,631
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.84%
Second Best
Apartment 5plus
$392.7K
$343.6K – $458.1K
NOI $27,486 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$689.1K
$602.9K – $803.9K
NOI $48,235 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $524,900.
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
