New Construction
For Sale
$499,800
Pending
3163 Hadley Dr, Chattanooga, TN 37416
Two attached residences feature quartz countertops, full appliance packages, and luxury vinyl plank flooring.
Property Size2,240 SF
Days on Market173
Property Features for 3163 Hadley Dr
General Information
Standard status
Pending
Size
2,240 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
quartz countertops
full appliance packages
luxury vinyl plank flooring
high ceilings
modern, cohesive design selections
Building Details
Buildings
1
Listing Agency:
Rogue Real Estate Company llc
(423) 715-0075
Listed By:
Christopher Todd · License #333146
(423) 715-0075
Source:
Exprealty
Added: Feb 17
Changed: Aug 9
Last Checked: Aug 9 at 12:17PM
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 Rogue Real Estate Company llc
Investment Insights
Based on property information with market context.
This 2,240-square-foot duplex is a new-construction, two-unit townhome currently being built in Somerville Cottages. Both residences feature quartz countertops, complete appliance packages, luxury vinyl plank flooring, high ceilings, natural light, and efficient layouts. The property is scheduled for completion within 60 days and includes a 1/2/10 builder’s warranty.
The property is located in South Chattanooga at 3163 Hadley Dr, with access to downtown Chattanooga, Main Street, St. Elmo, Broad Street, Publix, and the new stadium described as just minutes away. The two sides share the same floor plan and design package. Photos provided for the property depict another residence with matching plans and finishes and are intended to illustrate the completed product.
The property is located in South Chattanooga at 3163 Hadley Dr, with access to downtown Chattanooga, Main Street, St. Elmo, Broad Street, Publix, and the new stadium described as just minutes away. The two sides share the same floor plan and design package. Photos provided for the property depict another residence with matching plans and finishes and are intended to illustrate the completed product.
Key Highlights
- 2,240 SF duplex with two townhome‑style units
- New construction scheduled for completion within 60 days
- Quartz countertops, full appliance packages, 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
$21,991
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
4.40%
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%
$439,820
$439.8K
Cap Rate 7%
$314,157
$314.2K
Cap Rate 9%
$244,344
$244.3K
Market Conditions
NOI Build-Up for 2,240 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
$33.6K $15.00/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$31.4K $14.03/SF
− OpEx
−$9.4K −$4.21/SF
NOI
$22.0K $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%
$439,820
Cap Rate 7%
$314,157
Cap Rate 9%
$244,344
Alternative Uses
Best Use
Multifamily LT 5
$314.2K
$274.9K – $366.5K
NOI $21,991 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$281.9K
$246.7K – $328.9K
NOI $19,734 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$494.7K
$432.9K – $577.2K
NOI $34,630 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences feature quartz countertops, full appliance packages, and luxury vinyl plank flooring.
Where is this duplex located?
The property is located at 3163 Hadley Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: 2,240 SF duplex with two townhome‑style units; New construction scheduled for completion within 60 days; Quartz countertops, full appliance packages, and luxury vinyl plank flooring
