Duplex with Mountain
For Sale
$274,900
354 Poplar Street, Soddy Daisy, TN 37379
Two residences provide separate living spaces, kitchens, utility meters, and backyard storage sheds.
Property Size1,600 SF
Days on Market50
Property Features for 354 Poplar Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,246
Building Details
Building Size
1,600 SF
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
Kim Doremus · License #TN341164
(423) 255-6257
Source:
Gracefrankgroup
Added: Sep 2
Changed: Oct 7
Last Checked: Oct 19 at 1:43PM
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.
Built in 1950, this duplex contains two independent residences, each with its own living room and kitchen. Unit A includes three bedrooms and one bathroom, has been updated, and is currently tenant occupied. Unit B offers two bedrooms and one bathroom and is being refreshed with new interior paint for its next occupant. Separate utility meters support distinct household operations, while individual backyard storage sheds add practical space for each residence.
The property includes a large backyard with mountain views and a quiet setting. Its location provides access to Hwy 27 and the surrounding Soddy Daisy area. The two-unit layout accommodates rental ownership, an owner-occupant arrangement, or continued use as an income-producing residential property, all of which are supported by the existing separate-residence configuration.
The property includes a large backyard with mountain views and a quiet setting. Its location provides access to Hwy 27 and the surrounding Soddy Daisy area. The two-unit layout accommodates rental ownership, an owner-occupant arrangement, or continued use as an income-producing residential property, all of which are supported by the existing separate-residence configuration.
Key Highlights
- Two‑residence duplex with a 3‑bedroom, 1‑bath Unit A and a 2‑bedroom, 1‑bath Unit B
- Unit A was previously updated and is currently tenant occupied
- Unit B is receiving fresh paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,442
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,840
$268.8K
Cap Rate 7%
$192,029
$192.0K
Cap Rate 9%
$149,356
$149.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$21.7K $13.56/SF
− Vacancy
−$2.5K −$1.56/SF
EGI
$19.2K $12.00/SF
− OpEx
−$5.8K −$3.60/SF
NOI
$13.4K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,840
Cap Rate 7%
$192,029
Cap Rate 9%
$149,356
Alternative Uses
Best Use
Multifamily LT 5
$192.0K
$168.0K – $224.0K
NOI $13,442 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$176.4K
$154.3K – $205.8K
NOI $12,345 @ 7.0% cap · market cap 4.49%
Theoretical Best
Healthcare Medical
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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Business Placement
Demographics for 37379, TN
28,552
Population
12,089
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
106.4 sq mi
ZIP Area
268
Density / Sq Mi
$85,525
Median Household Income
$44,662
Median Earnings
$988
Median Rent
$277,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate living spaces, kitchens, utility meters, and backyard storage sheds.
Where is this duplex located?
The property is located at 354 Poplar Street Soddy Daisy, TN.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑residence duplex with a 3‑bedroom, 1‑bath Unit A and a 2‑bedroom, 1‑bath Unit B; Unit A was previously updated and is currently tenant occupied; Unit B is receiving fresh paint throughout
