Occupied Duplex with Recent
For Sale
$237,000
2712 N Orchard Knob Avenue, Chattanooga, TN 37406
Residential Income, Chattanooga, TN
Property Size1,647 SF
Lot Size0.50 Acres
Price / SF$143.90
Days on Market48
Property Features for 2712 N Orchard Knob Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Basement
Parking features
Off Street
Patio and Porch features
Patio, Deck
Basement
Crawl Space
Appliances
Refrigerator, Electric Range
Subdivision
Andersons
Elementary school
Hardy Elementary
Middle school
Orchard Knob Middle
High school
Brainerd High
Directions
From 153, south on Dodson Ave, right on Bachman, left on N Orchard Knob Ave.
Standard status
Active
APN
136d D 027
Size
1,647 SF
Lot size
0.50 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 15 Blk 16 Anderson Addn Pb3 Pg1 2
Tax Annual Amount
3205
Legal Description
Lot 15 Blk 16 Anderson Addn Pb3 Pg1 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Charles Jabaley · License #TN352704
(423) 710-4602
Added: Sep 17
Changed: Oct 23
Last Checked: Nov 3 at 8:06AM
MLS# 1542951
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.
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Investment Insights
Based on property information with market context.
This 1,647-square-foot duplex sits on a 0.5-acre lot and was built in 1998. The property is fully occupied, with a three-bedroom, one-bath configuration identified in the listing. Unit A has been updated with new paint, flooring, subflooring, and a vanity. Unit B received a replacement water heater in 2019, while the shingle roof is approximately 10 years old. Additional systems include a newer sump pump, French drain, and sewer line.
Located minutes from downtown Chattanooga, the property offers public water and public sewer service. Central heating and central air serve the building, and the site includes off-street parking, a deck, and a patio. Appliances include a refrigerator and electric range.
Located minutes from downtown Chattanooga, the property offers public water and public sewer service. Central heating and central air serve the building, and the site includes off-street parking, a deck, and a patio. Appliances include a refrigerator and electric range.
Key Highlights
- Fully occupied duplex with 1,647 square feet of property size
- 0.5‑acre lot with off‑street parking
- Unit A updated with new paint, flooring, subflooring, and vanity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,169
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,380
$323.4K
Cap Rate 7%
$230,986
$231.0K
Cap Rate 9%
$179,656
$179.7K
Market Conditions
NOI Build-Up for 1,647 SF
Gross rent
$24.7K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$23.1K $14.03/SF
− OpEx
−$6.9K −$4.21/SF
NOI
$16.2K $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%
$323,380
Cap Rate 7%
$230,986
Cap Rate 9%
$179,656
Alternative Uses
Best Use
Multifamily LT 5
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$207.3K
$181.4K – $241.8K
NOI $14,510 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$363.7K
$318.3K – $424.4K
NOI $25,462 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex near downtown Chattanooga with central HVAC, off-street parking, and public water and sewer service.
Where is this duplex located?
The property is located at 2712 N Orchard Knob Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Fully occupied duplex with 1,647 square feet of property size; 0.5‑acre lot with off‑street parking; Unit A updated with new paint, flooring, subflooring, and vanity
