Mixed-Use Brick
New
For Sale
$995,000
2102 Chamberlain Avenue, Chattanooga, TN 37404
Five upstairs apartments accompany warehouse space and approximately 1,000 SF of street-facing retail area.
Property Size10,376 SF
Lot Size0.30 Acres
Price / SF$95.89
Days on Market5
Property Features for 2102 Chamberlain Avenue
General Information
Standard status
Active
Size
10,376 SF
Class
C
Lot size
0.30 Acres
Property subtype
IND-DIST, MF, OFC
Zoning
RN-3
Site & Location
Neighborhood
Highland Park Neighborhood Association
Road Access
Yes
Fenced Yard
Yes
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Additional Details
Property Use
Mixed Use
Building Details
Building Size
10,376 SF
Year Built
1920
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Greater Downtown Realty LLC Keller Williams Realty
Listed By:
Lisa Brown · License #147873
(423) 432-2100
Source:
Realnex
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 5:05AM
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 Greater Downtown Realty LLC Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this 10,376-SF brick property combines commercial, warehouse, and residential space on approximately 0.30 acres. The ground floor includes warehouse area and about 1,000 SF of retail space facing Chamberlain Avenue. Five apartments are located upstairs: four have one bedroom and one bathroom each, while the fifth has two bedrooms and one bathroom. Zoning is RN-3.
A fenced parking area occupies the rear of the property. The address is in Chattanooga’s Highland Park neighborhood, with downtown Chattanooga, restaurants, and local amenities identified nearby.
A fenced parking area occupies the rear of the property. The address is in Chattanooga’s Highland Park neighborhood, with downtown Chattanooga, restaurants, and local amenities identified nearby.
Key Highlights
- 10,376 SF mixed‑use building constructed in 1920
- Five upstairs apartments: four 1BR/1Bath units and one 2BR/1 bath unit
- Ground floor includes warehouse space and approximately 1,000 SF of street‑facing retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,409
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,828,180
$1.8M
Cap Rate 7%
$1,305,843
$1.3M
Cap Rate 9%
$1,015,656
$1.0M
Market Conditions
NOI Build-Up for 10,376 SF
Gross rent
$176.8K $17.04/SF
− Vacancy
−$10.6K −$1.02/SF
EGI
$166.2K $16.02/SF
− OpEx
−$74.8K −$7.21/SF
NOI
$91.4K $8.81/SF
Area
Chattanooga, TN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,828,180
Cap Rate 7%
$1,305,843
Cap Rate 9%
$1,015,656
Alternative Uses
Best Use
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,551 @ 7.0% cap · market cap 11.51%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,409 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,411 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
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Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
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Market
Properties on Market for Mixed-use properties in Chattanooga
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five upstairs apartments accompany warehouse space and approximately 1,000 SF of street-facing retail area.
Where is this mixed-use property located?
The property is located at 2102 Chamberlain Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 10,376 SF mixed‑use building constructed in 1920; Five upstairs apartments: four 1BR/1Bath units and one 2BR/1 bath unit; Ground floor includes warehouse space and approximately 1,000 SF of street‑facing retail
