Renovated Four-Unit
For Sale
$685,000
314 E View Drive, Chattanooga, TN 37404
Residential Income, Chattanooga, TN
Property Size3,436 SF
Lot Size0.40 Acres
Price / SF$199.36
Days on Market49
Property Features for 314 E View Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1
Parking features
Driveway, Off Street
Window features
Vinyl Frames, Insulated Windows
Interior features
Breakfast Bar, Granite Counters, Split Bedrooms
Appliances
Water Heater, Washer/Dryer, Microwave, Free-Standing Refrigerator, Electric Water Heater, Electric Range, Dishwasher
Subdivision
Scruggs
Lot features
Back Yard
Elementary school
East Ridge Elementary
Middle school
East Ridge Middle
High school
East Ridge High
Directions
From I-24 East, take exit 181A onto 41 South to East Ridge, take 41 to Ringgold Rd through the tunnel, Turn Left on S Seminole Dr and an immediate Left onto Old Ringgold Rd. Sharp Right on E View Dr. Property will be on the Right. From I-24 W, take the Belvoir Ave exit onto North Terrace. Turn Left on Germantown Rd. Right on Ringgold Rd. Right on Seminole Dr and an immediate Left onto Old Ringgold Rd. Sharp Right onto E View Dr. Property will be on Right.
Standard status
Active
APN
156k L 034
Size
3,436 SF
Lot size
0.40 Acres
Additional Details
Individually Metered Utilities
electricity, water
Taxes and HOA fees
Tax Description
PT OF W LOT SCRUGGS PB 16 PB 38
Tax Annual Amount
5772
Legal Description
PT OF W LOT SCRUGGS PB 16 PB 38
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Ductless (Heating)
Cooling system
Ductless, Multi Units, Electric, Central Air, Varies by Unit
Water source
Public
Amenities
granite countertops
new appliances
luxury vinyl plank flooring
in-unit washer/dryer
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
Real Estate Partners Chattanooga LLC
(423) 265-0088
Listed By:
Paul Carter · License #356270
(423) 660-2773
Added: Sep 6
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 1542313
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 four-unit property contains 3,436 square feet on a 0.4-acre lot and was fully rebuilt with renovated interiors and updated structural and mechanical systems. The unit mix includes three two-bedroom residences and one one-bedroom residence. Finishes include granite countertops, new appliances, luxury vinyl plank flooring, and in-unit laundry. Electric and water are separately metered, and the property has a full fire sprinkler system and fire hydrant. Central and ductless heating and cooling systems are present across the units, with public water and public sewer service.
The property is located at 314 E View Drive in Chattanooga, Tennessee, and is zoned R-3. It is delivered vacant and includes driveway and off-street parking. Brick construction, asphalt shingle roofing, and the renovated unit interiors provide a combination of durable exterior materials and updated residential finishes.
The property is located at 314 E View Drive in Chattanooga, Tennessee, and is zoned R-3. It is delivered vacant and includes driveway and off-street parking. Brick construction, asphalt shingle roofing, and the renovated unit interiors provide a combination of durable exterior materials and updated residential finishes.
Key Highlights
- Four‑unit property with 3,436 square feet on a 0.4‑acre lot
- Unit mix includes three two‑bedroom residences and one one‑bedroom residence
- Fully rebuilt with updated structural and mechanical systems
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Rebuilt multifamily property delivered vacant with separately metered electric and water utilities.
Where is this quadplex located?
The property is located at 314 E View Drive 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 property with 3,436 square feet on a 0.4‑acre lot; Unit mix includes three two‑bedroom residences and one one‑bedroom residence; Fully rebuilt with updated structural and mechanical systems
