Two-Unit Duplex With Alley
For Sale
$599,000
328 Beck Avenue, Chattanooga, TN 37405
Both residences offer three bedrooms and one full bathroom, with a spacious yard and access from both street and alley.
Property Size2,254 SF
Days on Market137
Property Features for 328 Beck Avenue
General Information
Standard status
Active
Size
2,254 SF
Property subtype
Mixed Use
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,401
Building Details
Building Size
2,254 SF
Year Built
1896
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Jim T Lea · License #296129
(423) 779-2354
Source:
Lawrenceteamhomes
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 16 at 4:52PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,254-square-foot duplex contains two separate residences, each configured with three bedrooms and one full bathroom. The upper unit receives natural light through large windows and includes architectural character, while the lower unit has a newer HVAC system and windows. An oversized yard provides outdoor space for gardening, recreation, pets, or gatherings.
The property has both street frontage and alley access. It is within walking distance of the shops, restaurants, and entertainment along Frazier Avenue and Northshore, with downtown Chattanooga accessible across the Walnut Street Bridge. The lot also offers room identified in the source information for potential expansion, additional parking, an accessory dwelling, or future development.
The property has both street frontage and alley access. It is within walking distance of the shops, restaurants, and entertainment along Frazier Avenue and Northshore, with downtown Chattanooga accessible across the Walnut Street Bridge. The lot also offers room identified in the source information for potential expansion, additional parking, an accessory dwelling, or future development.
Key Highlights
- 2,254‑square‑foot duplex with two three‑bedroom, one‑bath residences
- Lower unit includes a newer HVAC system and windows
- Upper unit features large windows and architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,129
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,580
$442.6K
Cap Rate 7%
$316,129
$316.1K
Cap Rate 9%
$245,878
$245.9K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$33.8K $15.00/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$31.6K $14.03/SF
− OpEx
−$9.5K −$4.21/SF
NOI
$22.1K $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%
$442,580
Cap Rate 7%
$316,129
Cap Rate 9%
$245,878
Alternative Uses
Best Use
Multifamily LT 5
$316.1K
$276.6K – $368.8K
NOI $22,129 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$283.7K
$248.2K – $331.0K
NOI $19,857 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,846 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
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?
Duplex - Both residences offer three bedrooms and one full bathroom, with a spacious yard and access from both street and alley.
Where is this duplex located?
The property is located at 328 Beck Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,254‑square‑foot duplex with two three‑bedroom, one‑bath residences; Lower unit includes a newer HVAC system and windows; Upper unit features large windows and architectural details
