New Construction
3163 Hadley Dr, Chattanooga, TN 37416
For Sale
$499,800
Pending
Two attached residences feature quartz countertops, full appliance packages, and luxury vinyl plank flooring.
Property Size2,240 SF
Days on Market266
Property Features for 3163 Hadley Dr
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
quartz countertops
full appliance packages
luxury vinyl plank flooring
high ceilings
modern, cohesive design selections
Building Details
Buildings
Listing Agency:
Rogue Real Estate Company llc
Listed By:
Christopher Todd · License TN #333146
(423) 715-0075
Source:
Exprealty
Added: Feb 17
Changed: Oct 26
Last Checked: Nov 8 at 6:52AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$21,991
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
$229,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Chattanooga, TN
Properties on Market for Duplexes in Chattanooga
Vacancy Rate% for Multifamily in South region
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
