4-Unit Multifamily
For Sale
$685,000
314 E View Dr, Chattanooga, TN 37404
Fully renovated residences feature modern finishes, private laundry, and separately metered electric and water utilities.
Property Size3,436 SF
Price / SF$199.36
Days on Market51
Property Features for 314 E View Dr
General Information
Standard status
Active
Size
3,436 SF
Property subtype
Multi-Family
Zoning
R-3
Site & Location
Neighborhood
Missionary Ridge Neighborhood Association
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Sprinkler System
Yes
Amenities
granite countertops
new appliances
luxury vinyl plank flooring
in-unit washer and dryer
Building Details
Year Built
1950
Listing Agency:
Real Estate Partners Chattanooga, LLC
Listed By:
Paul Carter · License #356270
(423) 660-2773
Source:
Fiddletreerealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 7:45PM
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 Real Estate Partners Chattanooga, LLC
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property was rebuilt from the studs and includes updated structural and mechanical systems. The configuration comprises three two-bedroom residences and one one-bedroom residence. Interior improvements include granite countertops, new appliances, luxury vinyl plank flooring, and in-unit washers and dryers. The property is delivered vacant, allowing the incoming owner to establish tenant selection, lease terms, and rental rates.
Electric and water utilities are separately metered for each residence. A full fire sprinkler system and fire hydrant are also in place. The property occupies an oversized lot with R-3 zoning, which may support future development or accessory-income uses subject to buyer verification. Originally built in 1950, the 3,436-square-foot property has undergone comprehensive renovation.
Electric and water utilities are separately metered for each residence. A full fire sprinkler system and fire hydrant are also in place. The property occupies an oversized lot with R-3 zoning, which may support future development or accessory-income uses subject to buyer verification. Originally built in 1950, the 3,436-square-foot property has undergone comprehensive renovation.
Key Highlights
- Four‑unit configuration with three two‑bedroom residences and one one‑bedroom residence
- 3,436 square feet with comprehensive reconstruction from the studs
- Granite countertops, new appliances, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,733
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,660
$674.7K
Cap Rate 7%
$481,900
$481.9K
Cap Rate 9%
$374,811
$374.8K
Market Conditions
NOI Build-Up for 3,436 SF
Gross rent
$51.5K $15.00/SF
− Vacancy
−$3.4K −$0.98/SF
EGI
$48.2K $14.03/SF
− OpEx
−$14.5K −$4.21/SF
NOI
$33.7K $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%
$674,660
Cap Rate 7%
$481,900
Cap Rate 9%
$374,811
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$432.4K
$378.4K – $504.5K
NOI $30,270 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$758.9K
$664.0K – $885.3K
NOI $53,120 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
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Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated residences feature modern finishes, private laundry, and separately metered electric and water utilities.
Where is this quadplex located?
The property is located at 314 E View Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Four‑unit configuration with three two‑bedroom residences and one one‑bedroom residence; 3,436 square feet with comprehensive reconstruction from the studs; Granite countertops, new appliances, and luxury vinyl plank flooring
