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    311 E View Drive Chattanooga, TN 37404

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    For Sale
    $550,000

    MULTI_FAMILY - Chattanooga, TN

    Property size:
    3,216 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $171/SF
    Added:
    Mar 5, 2026
    Days on Market:
    60
    Last Refresh:
    May 4 at 10:06 pm

    Property Features for 311 E View Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1
    Parking features
    Driveway, Off Street
    Window features
    Vinyl Frames
    Patio and Porch features
    Patio, Deck
    Pets allowed
    Number Limit, Dogs OK, Yes
    Interior features
    Breakfast Room, Ceiling Fan(s), Crown Molding, Double Vanity, Entrance Foyer, Granite Counters, High Speed Internet, Open Floorplan, Storage, Tub/shower Combo
    Exterior features
    Balcony, Private Entrance, Private Yard, Rain Gutters
    Appliances
    Stainless Steel Appliance(s), Refrigerator, Free-Standing Electric Range, Disposal, Dishwasher
    Standard status
    Active
    APN
    156k J 007
    Size
    3,216 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    LOTS 91,99 PT 82,83,90,98 DUNLAP PL ACE PB I/3 PG 253
    Tax Annual Amount
    3446

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Bamboo, Vinyl
    Building materials
    HardiPlank Type, Stone
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Melissa Hennessy

    Listing agent Melissa Hennessy License #334281

    Listing office Real Estate Partners Chattanooga LLC 525 W Main Street Suite 101, Chattanooga, TN

    Listing date Mar 5, 2026

    MLS# 1529844 Listing URL

    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.

    Overview

    Updated Duplex on Missionary Ridge

    This turnkey investment opportunity is located on Missionary Ridge. It is an updated, mid-century modern duplex with tenants already in place, providing immediate income. Each unit features two bedrooms, two full baths, a laundry closet with a washer and dryer included, and a large, first-floor space that can flex as living space or a third bedroom. Significant improvements have been made to both units, including the roof, HVAC, sewage pump, bamboo flooring throughout, baths, and a completely renovated kitchen in one unit. The property is situated in a private, peaceful setting just minutes from downtown Chattanooga and the airport, offering both convenience and strong rental appeal. The property size is 3216 square feet and the lot size is 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.267432
    Latitude
    35.01161

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    FAQs

    What type of property is this?
    Duplex - Turnkey investment: updated duplex near downtown Chattanooga with immediate income.
    Where is this duplex located?
    The property is located at 311 E View Drive Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Turnkey investment property with tenants in place for immediate income.; Updated mid‑century modern duplex on Missionary Ridge.; Each unit features **two bedrooms, two full baths, and laundry with included washer and dryer.**
    (703) 926-5108
    We can help!
    Listing Contact
    Melissa Hennessy
    Real Estate License ID: 334281
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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