Fully Occupied
For Sale
$399,900
1837 Dana Ln, Hixson, TN 37343
Three-unit property with updated water heaters and HVAC replacement in one residence.
Property Size4,168 SF
Price / SF$95.95
Days on Market48
Property Features for 1837 Dana Ln
General Information
Standard status
Active
Size
4,168 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1969
Listing Agency:
Zach Taylor Chattanooga
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Source:
Fykesrealtygroup
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 7 at 2:25PM
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 Zach Taylor Chattanooga
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Investment Insights
Based on property information with market context.
This triplex at 1837 Dana Ln in Hixson, Tennessee, contains 4,168 square feet across three residential units. The property was built in 1969 and is fully occupied. HVAC equipment serving unit 1839 was replaced in 2026, and all water heaters were replaced in 2025.
Interior video tours for each unit and property financials are available through the listing agent. Showings require a binding contract, and tenants should not be disturbed. The property is offered for sale and may also be acquired with 4933 Lavender Trl and 1845 Dana Ln as part of a package purchase.
Interior video tours for each unit and property financials are available through the listing agent. Showings require a binding contract, and tenants should not be disturbed. The property is offered for sale and may also be acquired with 4933 Lavender Trl and 1845 Dana Ln as part of a package purchase.
Key Highlights
- Fully occupied triplex at 1837 Dana Ln, Hixson, TN 37343
- 4,168 SF residential property built in 1969
- HVAC in unit 1839 replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,017
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,340
$700.3K
Cap Rate 7%
$500,243
$500.2K
Cap Rate 9%
$389,078
$389.1K
Market Conditions
NOI Build-Up for 4,168 SF
Gross rent
$56.5K $13.56/SF
− Vacancy
−$6.5K −$1.56/SF
EGI
$50.0K $12.00/SF
− OpEx
−$15.0K −$3.60/SF
NOI
$35.0K $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%
$700,340
Cap Rate 7%
$500,243
Cap Rate 9%
$389,078
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,017 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$459.4K
$402.0K – $536.0K
NOI $32,160 @ 7.0% cap · market cap 8.04%
Theoretical Best
Healthcare Medical
$692.1K
$605.6K – $807.5K
NOI $48,450 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated water heaters and HVAC replacement in one residence.
Where is this triplex located?
The property is located at 1837 Dana Ln Hixson, TN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Fully occupied triplex at 1837 Dana Ln, Hixson, TN 37343; 4,168 SF residential property built in 1969; HVAC in unit 1839 replaced in 2026
