Fully Occupied
For Sale
$484,900
1845 Dana Ln, Hixson, TN 37343
Four-unit residential income property with recent HVAC and water-heater replacements.
Property Size4,260 SF
Price / SF$113.83
Days on Market62
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 3
Changed: Nov 1
Last Checked: Nov 1 at 5:58AM
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 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 / 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
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?
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 $484,900.
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
