Wooded Duplex with
For Sale
$675,000
214 Cliftview Dr, Chattanooga, TN 37415
Two mirrored residences feature vaulted living areas, three bedrooms, multiple decks, and unfinished basement space.
Property Size3,212 SF
Price / SF$210.15
Days on Market180
Property Features for 214 Cliftview Dr
General Information
Standard status
Active
Size
3,212 SF
Property subtype
Residential Income
Zoning
R2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,989
Listing Agency:
Crye-Leike, REALTORS
(423) 870-5202
Listed By:
Robin Lyn Clarke
(423) 322-7319
Source:
Exprealty
Added: Apr 17
Changed: Oct 7
Last Checked: Oct 12 at 8:36PM
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 Crye-Leike, REALTORS
Investment Insights
Based on property information with market context.
This duplex contains two matching residences within a wooded setting landscaped with mature evergreen trees, crepe myrtles, azaleas, and seasonal wildflowers. Each side includes a main-level bedroom, full bathroom, eat-in kitchen, separate laundry room, vaulted living area, and two additional upstairs bedrooms. The upper bedrooms share a Jack and Jill bathroom, and each has two large closets. Total property size is 3212 square feet.
Outdoor features include front decks for both residences, with additional kitchen-accessible decking on each side. Side A also includes a courtyard and multilevel deck system. Each unit has an unfinished basement of approximately 1, 600 sq ft with exterior access. The property is near Northshore and downtown Chattanooga and is being sold AS IS.
A buyer may contact the City of Red Bank to request rezoning from R2 to R3. If approved, that change could support conversion of the existing duplex to a triplex or quadplex.
Outdoor features include front decks for both residences, with additional kitchen-accessible decking on each side. Side A also includes a courtyard and multilevel deck system. Each unit has an unfinished basement of approximately 1, 600 sq ft with exterior access. The property is near Northshore and downtown Chattanooga and is being sold AS IS.
A buyer may contact the City of Red Bank to request rezoning from R2 to R3. If approved, that change could support conversion of the existing duplex to a triplex or quadplex.
Key Highlights
- Duplex totals 3212 square feet with matching interiors on both sides
- Each residence has 3 bedrooms, 2 full bathrooms, vaulted ceilings, and a separate laundry room
- Each side includes an unfinished basement of approximately 1, 600 sq ft with exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,534
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,680
$630.7K
Cap Rate 7%
$450,486
$450.5K
Cap Rate 9%
$350,378
$350.4K
Market Conditions
NOI Build-Up for 3,212 SF
Gross rent
$48.2K $15.00/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$45.0K $14.03/SF
− OpEx
−$13.5K −$4.21/SF
NOI
$31.5K $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%
$630,680
Cap Rate 7%
$450,486
Cap Rate 9%
$350,378
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,534 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$404.2K
$353.7K – $471.6K
NOI $28,297 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$709.4K
$620.7K – $827.6K
NOI $49,657 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences feature vaulted living areas, three bedrooms, multiple decks, and unfinished basement space.
Where is this duplex located?
The property is located at 214 Cliftview Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex totals 3212 square feet with matching interiors on both sides; Each residence has 3 bedrooms, 2 full bathrooms, vaulted ceilings, and a separate laundry room; Each side includes an unfinished basement of approximately 1, 600 sq ft with exterior access
