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    Updated Duplex with Two 3-Bedroom Units Title is generated by Realmo AI

    1754 Ocoee Street, Chattanooga, TN 37406

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    Claim this Listing
    New
    For Sale
    $285,000

    MULTI_FAMILY - Chattanooga, TN

    Property size:
    2,100 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $135/SF
    Added:
    Jul 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jul 3 at 3:06 pm

    Property Features for 1754 Ocoee Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Basement, Bedroom 6, Bathroom 3, Bedroom 5
    Parking features
    Off Street
    Window features
    Insulated Windows
    Patio and Porch features
    Patio, Deck
    Interior features
    Eat-in Kitchen, Open Floorplan
    Exterior features
    Storage
    Basement
    Crawl Space
    Standard status
    Active
    APN
    136k D 015
    Size
    2,100 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    LOT 141 PEYERS ADDN AMENDED PB 4 PG 24
    Tax Annual Amount
    2977

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2003
    Floors in Building
    1
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Additional Structures
    Storage

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    Corey Ballew
    Corey Ballew

    Listing agent Corey Ballew License #332263

    Listing office REAL Broker 7121 Regal Ln Ste 215, Knoxville, TN

    Listing date Jul 3, 2026

    MLS# 1538029 Listing URL

    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.

    HighLights

    • Updated duplex built in 2003 with two spacious 3‑bedroom units
    • Each unit offers 3 bedrooms, 1.5 bathrooms, and over 1,000 sq ft of living space
    • Major renovation completed in late 2022
    • Separate electric meters plus central heating and central air conditioning for each unit
    • Open floorplan with eat‑in kitchen; storage and off‑street parking
    • Patio and deck, with public water and public sewer

    Overview

    This updated duplex contains two spacious, matching units, each offering three bedrooms and 1.5 bathrooms. The interior layouts are described as the same on both sides, with living areas and functional kitchens designed for everyday comfort. Mechanical and utility separation is a key feature: each unit has its own central heating and air conditioning, and there are separate electric meters for each side. The property is also described as having undergone a major renovation in late 2022, supporting confidence in its current condition.

    The property is located at 1754 Ocoee Street in Chattanooga, TN 37406 (Hamilton County). The lot size is listed at 0.17 acres, with a total property size of 2,100 square feet. Both units are currently vacant, which may simplify showings and allow an owner to move forward without waiting for tenancy in place.

    As a for-sale residential income property, this configuration can fit multiple buyer strategies, including an investor seeking rental-ready space on both sides or an owner-occupant looking to house-hack by living in one unit while renting the other. With central heating and air per unit and separate electric meters, the setup is built for independent utility management between tenants.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $31.5k $15.00
    − Vacancy −$2.0k −$0.98
    EGI $29.5k $14.03
    − OpEx −$8.8k −$4.21
    NOI $20.6k $9.82
    2,100 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $294.5K
    $257.7K – $343.6K (±1% cap)
    NOI $20,617 @ 7.0% cap · market cap 7.23%
    Second Best
    Apartment 5plus
    $264.3K
    $231.3K – $308.3K (±1% cap)
    NOI $18,500 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Office A
    $463.8K
    $405.8K – $541.1K (±1% cap)
    NOI $32,466 @ 7.0% cap · market cap 11.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Hotel & Motel Gym & Fitness Center Hair Salon Dental Office Nail Salon Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.265584
    Latitude
    35.057709

    FAQs

    What type of property is this?
    Duplex - An updated duplex with two vacant, mirror-image 3-bedroom homes, each with central heating and air and separate electric meters.
    Where is this duplex located?
    The property is located at 1754 Ocoee Street Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Updated duplex built in 2003 with two spacious 3‑bedroom units; Each unit offers 3 bedrooms, 1.5 bathrooms, and over 1,000 sq ft of living space; Major renovation completed in late 2022
    More about this property
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