Triplex With Off-Street
For Sale
$285,000
207 Laws Avenue, Chattanooga, TN 37411
Three residential units include stackable washer and dryer hookups, refrigerators, and stoves.
Property Size1,620 SF
Days on Market309
Property Features for 207 Laws Avenue
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,809
Amenities
washer/dryer hookups
refrigerator and stove
off-street parking
Building Details
Building Size
1,620 SF
Year Built
1947
Listing Agency:
Compass Tennessee
(615) 425-6976
Listed By:
Carmen Klapper · License #333675
(615) 425-6976
Source:
Gracefrankgroup
Added: Oct 6, 2025
Changed: Aug 5
Last Checked: Aug 10 at 9:46AM
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 Compass Tennessee
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1947, provides a straightforward multifamily configuration with separate living units. Each unit includes hookups for stackable washer and dryer units, along with a refrigerator and stove. The level lot offers off-street parking for residents.
The property is located at 207 Laws Avenue in Chattanooga, Tennessee, on a street bordered by single-family homes. The setting also places the triplex near employers, shopping, and schools, according to the provided property information.
The property is located at 207 Laws Avenue in Chattanooga, Tennessee, on a street bordered by single-family homes. The setting also places the triplex near employers, shopping, and schools, according to the provided property information.
Key Highlights
- Three‑unit residential property built in 1947
- Washer and dryer hookups in each unit for stackable units
- Each unit includes a refrigerator and stove
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
$15,904
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
5.58%
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%
$318,080
$318.1K
Cap Rate 7%
$227,200
$227.2K
Cap Rate 9%
$176,711
$176.7K
Market Conditions
NOI Build-Up for 1,620 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
$24.3K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$22.7K $14.03/SF
− OpEx
−$6.8K −$4.21/SF
NOI
$15.9K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /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%
$318,080
Cap Rate 7%
$227,200
Cap Rate 9%
$176,711
Alternative Uses
Best Use
Multifamily LT 5
$227.2K
$198.8K – $265.1K
NOI $15,904 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,272 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$357.8K
$313.1K – $417.4K
NOI $25,045 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
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?
Triplex - Three residential units include stackable washer and dryer hookups, refrigerators, and stoves.
Where is this triplex located?
The property is located at 207 Laws Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three‑unit residential property built in 1947; Washer and dryer hookups in each unit for stackable units; Each unit includes a refrigerator and stove
