4-Unit Multifamily
New
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 Market5
Property Features for 314 E View Dr
General Information
Standard status
Active
Size
3,436 SF
Property subtype
Multi-Family
Zoning
R-3
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Utilities to Site
Yes
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
Last Checked: Sep 12 at 11:11AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
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
