188 Frawley Road, Chattanooga, TN 37412
MULTI_FAMILY - Chattanooga, TN
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 188 Frawley Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Parking features
- Off Street
- Patio and Porch features
- Deck, Patio
- Interior features
- Ceiling Fan(s), Eat-in Kitchen
- Basement
- Crawl Space
- Appliances
- Refrigerator, Microwave, Electric Range, Dishwasher
- Standard status
- Active
- APN
- 170b D 005.05
- Size
- 1,860 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- LT 3 JOHN C WHITMIRES SUB 39-257 OU T OF 170B-D-5.2 FOR 1985
- Tax Annual Amount
- 2831
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing agent Michael Kelly License #322724 (423) 645-3862
Listing office REAL Broker 7121 Regal Ln Ste 215, Knoxville, TN (844) 591-7325
Listing date Jun 23, 2026
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
- Duplex built in 1985 with 2 bedrooms and 1 full bath on each side (4 total bedrooms, 2 full bathrooms)
- Brand‑new roof recently installed; additional HVAC note: heater blower changed in unit 188
- Unit 190 HVAC is 4 years old; central heating and central air (electric) with electric heating
- Updated kitchens with appliances including refrigerator, microwave, electric range, and dishwasher
- New vinyl flooring and fresh paint throughout; both units currently vacant for immediate rental or owner‑occupancy
- Previously rented for $1,250 per side; projected rental potential about $1,250 to $1,500 per month per unit
Overview
The property is located in East Ridge, just minutes from I-75 at Exit 1. The surrounding area provides convenient access to Camp Jordan, Topgolf, Bass Pro Shops, Red Wolves Soccer Stadium, Chick-fil-A, and a growing restaurant and entertainment district. Downtown Chattanooga is described as a short drive away.
With both units currently vacant, a new owner can choose to rent each unit immediately or occupy one side while leasing the other. The duplex was previously rented for $1,250 per side, and seller-projected rental potential is approximately $1,250 to $1,500 per month per unit.
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 | $27.9k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $26.1k | $14.03 |
| − OpEx | −$7.8k | −$4.21 |
| NOI | $18.3k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.183663
- Latitude
- 35.002427
