Vacant Ranch
New
For Sale
$225,000
2001 Wilson Street, Chattanooga, TN 37406
MULTI_FAMILY - Ranch - Chattanooga, TN
Property Size2,088 SF
Lot Size0.17 Acres
Price / SF$107.76
Days on Market5
Property Features for 2001 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2
Parking features
Off Street, Driveway
Window features
Aluminum Frames
Patio and Porch features
Porch
Interior features
Breakfast Nook, Ceiling Fan(s), Eat-in Kitchen, Tub/shower Combo
Appliances
Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven, Electric Water Heater
Lot features
City Lot, Level
Elementary school
Hardy Elementary
Middle school
Orchard Knob Middle
High school
Brainerd High
Subdivision
Chattanooga
Standard status
Active
APN
136n H 013
Size
2,088 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Lot 3 Lookout Homestead Assoc Pb J6 Pg 106
Tax Annual Amount
2977
Legal Description
Lot 3 Lookout Homestead Assoc Pb J6 Pg 106
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Added: Aug 2
Changed: Aug 5
Last Checked: Aug 6 at 12:06AM
MLS# 1539973
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.
Investment Insights
Based on property information with market context.
This 1964 brick ranch duplex contains two separate units, each arranged with three bedrooms and one bathroom. The property totals 2,088 square feet on a 0.17-acre lot and is fully vacant. Recent improvements include new flooring and interior paint. Each side includes an eat-in kitchen, breakfast nook, ceiling fans, vinyl flooring, and a tub/shower combination. Listed appliances include a refrigerator, free-standing electric range, free-standing electric oven, and electric water heater.
The property is located at 2001 Wilson Street in Chattanooga, Tennessee 37406. Central electric heating and central air conditioning serve the building, with public water and public sewer. Exterior features include a shingle roof, front porch, driveway parking, and additional off-street parking.
The property is located at 2001 Wilson Street in Chattanooga, Tennessee 37406. Central electric heating and central air conditioning serve the building, with public water and public sewer. Exterior features include a shingle roof, front porch, driveway parking, and additional off-street parking.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bathroom per side
- 2,088 square feet on a 0.17‑acre lot
- Fully vacant for immediate owner‑occupancy or leasing setup
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 | $31.3k | $15.00 |
| − Vacancy | −$2.0k | −$0.98 |
| EGI | $29.3k | $14.03 |
| − OpEx | −$8.8k | −$4.21 |
| NOI | $20.5k | $9.82 |
2,088 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.8K
$256.2K – $341.7K
NOI $20,499 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$262.8K
$229.9K – $306.6K
NOI $18,395 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$461.1K
$403.5K – $538.0K
NOI $32,280 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom units offer a flexible residential income property with updated flooring and paint.
Where is this duplex located?
The property is located at 2001 Wilson Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 bathroom per side; 2,088 square feet on a 0.17‑acre lot; Fully vacant for immediate owner‑occupancy or leasing setup
