Duplex with Attached
For Sale
$415,000
2135 Jenkins Rd, Chattanooga, TN 37421
Well-maintained rental property offers garage storage and convenient access to shopping, dining, schools, and major highways.
Property Size2,400 SF
Price / SF$172.92
Days on Market94
Property Features for 2135 Jenkins Rd
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$33,300
Highway Access
Yes
Building Details
Year Built
1997
Buildings
1
Tenancy
Multi
Listing Agency:
Greater Downtown Realty dba Keller Williams Realty
Listed By:
Sarah Ketterer · License #328768
(423) 400-0014
Source:
Weathersbeerealty
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 5:43PM
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 dba Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in Chattanooga provides 2,800 square feet of living space, with 6 bedrooms and 4 full bathrooms across the property. Constructed in 1997, the building includes an attached 2-car garage for each unit, adding dedicated parking and storage. The property is fully occupied by month-to-month tenants, supporting continued residential rental use.
Located on Jenkins Road, the duplex offers access to shopping, dining, schools, and major highways. Its two-unit configuration, existing garage improvements, and established tenant occupancy provide a straightforward income-property profile for an owner seeking a residential rental asset.
Located on Jenkins Road, the duplex offers access to shopping, dining, schools, and major highways. Its two-unit configuration, existing garage improvements, and established tenant occupancy provide a straightforward income-property profile for an owner seeking a residential rental asset.
Key Highlights
- 6 bedrooms and 4 full bathrooms across the duplex
- 2, 800 square feet of living space
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,562
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,240
$471.2K
Cap Rate 7%
$336,600
$336.6K
Cap Rate 9%
$261,800
$261.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$33.7K $14.03/SF
− OpEx
−$10.1K −$4.21/SF
NOI
$23.6K $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 Rate 5%
$471,240
Cap Rate 7%
$336,600
Cap Rate 9%
$261,800
Alternative Uses
Best Use
Multifamily LT 5
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$302.0K
$264.3K – $352.4K
NOI $21,143 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,104 @ 7.0% cap · market cap 8.94%
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained rental property offers garage storage and convenient access to shopping, dining, schools, and major highways.
Where is this duplex located?
The property is located at 2135 Jenkins Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 6 bedrooms and 4 full bathrooms across the duplex; 2, 800 square feet of living space; Built in 1997
