4-Unit Apartment
For Sale
$484,900
1845 Dana Lane, Hixson, TN 37343
Residential Income, Hixson, TN
Property Size4,260 SF
Lot Size0.22 Acres
Price / SF$113.83
Days on Market47
Property Features for 1845 Dana Lane
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 5, Bathroom 4, Basement, Bathroom 6, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 5, Bedroom 4
Parking features
On Street, Parking Lot, Driveway
Basement
Finished, Partial
Appliances
Washer/Dryer, Free-Standing Electric Range, Dishwasher
Subdivision
Plaza Hills
Lot features
Cul-De-Sac
Elementary school
Alpine Crest Elementary
Middle school
Red Bank Middle
High school
Red Bank High School
Directions
North Dayton Blvd, Right Appian Way, Right Delashmitt, Right Cary Ln, Left Dana.
Standard status
Active
APN
109f E 014
Size
4,260 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lot 34 Plaza Hills Unit 3 Pb27 Pg11 6
Tax Annual Amount
5822
Legal Description
Lot 34 Plaza Hills Unit 3 Pb27 Pg11 6
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Central
Cooling system
Electric, Wall Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1969
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Building materials
Brick, Wood Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Added: Sep 14
Changed: Oct 22
Last Checked: Oct 30 at 6:06AM
MLS# 1542770
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.
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Investment Insights
Based on property information with market context.
This 4,260-square-foot, four-unit apartment property was built in 1969 and sits on a 0.22-acre parcel. The HVAC serving 1845 Dana Lane was replaced in 2025, and all water heaters were replaced that year. Interior features listed include washer and dryer, an electric range, and a dishwasher.
The property is fully occupied and served by public water and public sewer. Parking options include a driveway, parking lot, and on-street parking.
The property is fully occupied and served by public water and public sewer. Parking options include a driveway, parking lot, and on-street parking.
Key Highlights
- Four‑unit apartment property with 4,260 square feet
- 0.22‑acre parcel
- HVAC serving 1845 Dana Lane replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,790
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,800
$715.8K
Cap Rate 7%
$511,286
$511.3K
Cap Rate 9%
$397,667
$397.7K
Market Conditions
NOI Build-Up for 4,260 SF
Gross rent
$57.8K $13.56/SF
− Vacancy
−$6.6K −$1.56/SF
EGI
$51.1K $12.00/SF
− OpEx
−$15.3K −$3.60/SF
NOI
$35.8K $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%
$715,800
Cap Rate 7%
$511,286
Cap Rate 9%
$397,667
Alternative Uses
Best Use
Multifamily LT 5
$511.3K
$447.4K – $596.5K
NOI $35,790 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$469.6K
$410.9K – $547.8K
NOI $32,870 @ 7.0% cap · market cap 6.78%
Theoretical Best
Healthcare Medical
$707.4K
$619.0K – $825.3K
NOI $49,519 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
73
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
Frequently Asked Questions
What type of property is this?
Quadplex - Recent mechanical updates include HVAC replacement and new water heaters, with public water and sewer service.
Where is this quadplex located?
The property is located at 1845 Dana Lane Hixson, TN.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Four‑unit apartment property with 4,260 square feet; 0.22‑acre parcel; HVAC serving 1845 Dana Lane replaced in 2025
