Updated Duplex with Two 2-Bed
New
For Sale
$429,000
243 Edwina Court, Chattanooga, TN 37412
MULTI_FAMILY - Chattanooga, TN
Property Size2,640 SF
Lot Size0.36 Acres
Price / SF$162.50
Days on Market3
Property Features for 243 Edwina Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4
Parking features
Off Street
Spa
1
Exterior features
Rain Gutters
Basement
Crawl Space
Appliances
Free-Standing Refrigerator, Free-Standing Electric Range, Dishwasher
Subdivision
Edwina Ests
Lot features
Back Yard, Cul-De-Sac, Level
Elementary school
Spring Creek Elementary
Middle school
East Ridge Middle
High school
East Ridge High
Directions
From I-75 South, take Exit 1, left onto Ringgold Road, left onto Frawley Road, left onto Beulah Drive, left onto Edwina Court.
Standard status
Active
APN
170b C 010.04
Size
2,640 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
LT 4 EDWINA ESTATES PB 26 PG 43
Tax Annual Amount
2001
Legal Description
LT 4 EDWINA ESTATES PB 26 PG 43
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1974
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
United Real Estate Experts
(423) 771-7611
Listed By:
Jeremy Parvin · License #367106
(423) 785-7359
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 1539670
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.
Welcome to 243/245 Edwina Court, an updated duplex tucked at the end of a quiet cul-de-sac in the Camp Jordan area of Chattanooga. The property features two matching units, each with two bedrooms and one and a half bathrooms and an open layout. 245 has been fully remodeled with LVP flooring throughout, an updated kitchen with stainless steel appliances and quartz countertops, and updated bathrooms. 243 has updated flooring, lighting, and stainless steel appliances.
The unit at 245 is currently owner occupied. The unit at 243 is rented on a month-to-month basis.
Additional property updates include exterior improvements completed in 2025: a new roof, gutters, and fresh paint. Constructed with brick materials, the duplex offers central electric heating and central air cooling, public water, and public sewer. Off-street parking is available.
The unit at 245 is currently owner occupied. The unit at 243 is rented on a month-to-month basis.
Additional property updates include exterior improvements completed in 2025: a new roof, gutters, and fresh paint. Constructed with brick materials, the duplex offers central electric heating and central air cooling, public water, and public sewer. Off-street parking is available.
Key Highlights
- Two‑unit duplex at 243/245 Edwina Court with matching two‑bedroom, 1.5‑bath layouts
- 245 fully remodeled with LVP flooring, updated kitchen with stainless appliances, and quartz countertops
- 243 features updated flooring and lighting plus stainless steel appliances; rented month‑to‑month
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 | $39.6k | $15.00 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $37.0k | $14.03 |
| − OpEx | −$11.1k | −$4.21 |
| NOI | $25.9k | $9.82 |
2,640 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,918 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$332.3K
$290.7K – $387.6K
NOI $23,258 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$583.1K
$510.2K – $680.2K
NOI $40,814 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
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 - Updated duplex on a quiet cul-de-sac with two 2-bedroom, 1.5-bath units, including a fully remodeled side.
Where is this duplex located?
The property is located at 243 Edwina Court Chattanooga, TN.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex at 243/245 Edwina Court with matching two‑bedroom, 1.5‑bath layouts; 245 fully remodeled with LVP flooring, updated kitchen with stainless appliances, and quartz countertops; 243 features updated flooring and lighting plus stainless steel appliances; rented month‑to‑month
