Fully Occupied
New
For Sale
$499,900
1845 Dana Ln, Hixson, TN 37343
Four-unit residential income property with recent HVAC and water-heater replacements.
Property Size4,260 SF
Price / SF$117.35
Days on Market4
Property Features for 1845 Dana Ln
General Information
Standard status
Active
Size
4,260 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Zach Taylor Chattanooga
Listed By:
Heidi Rau 4239878018 · License #337555
(423) 987-8018
Source:
Northnashvillehomes4sale
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 16 at 8:37PM
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
Investment Insights
Based on property information with market context.
This fully occupied quadplex contains 4260 SF and was built in 1969. The property includes four residential units, with HVAC serving unit 1845 replaced in 2025. Every water heater was also replaced in 2025, providing documented updates to key building systems.
Located at 1845 Dana Ln in Hixson, TN 37343, the property is being offered as a residential income asset. Tenant-occupied operations require showings only after a binding contract, and pre-recorded video tours are available through the listing agent.
Located at 1845 Dana Ln in Hixson, TN 37343, the property is being offered as a residential income asset. Tenant-occupied operations require showings only after a binding contract, and pre-recorded video tours are available through the listing agent.
Key Highlights
- Fully occupied quadplex at 1845 Dana Ln, Hixson, TN 37343
- 4260 SF residential income property
- Built in 1969
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
$35,790
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
7.16%
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%
$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
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
$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 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%
$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 7.16%
Second Best
Apartment 5plus
$469.6K
$410.9K – $547.8K
NOI $32,870 @ 7.0% cap · market cap 6.58%
Theoretical Best
Healthcare Medical
$707.4K
$619.0K – $825.3K
NOI $49,519 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Quadplex - Four-unit residential income property with recent HVAC and water-heater replacements.
Where is this quadplex located?
The property is located at 1845 Dana Ln Hixson, 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: Fully occupied quadplex at 1845 Dana Ln, Hixson, TN 37343; 4260 SF residential income property; Built in 1969
