Duplex with Mountain
For Sale
$289,900
354 Poplar Street, Soddy Daisy, TN 37379
Residential Income, Soddy Daisy, TN
Property Size1,600 SF
Lot Size0.42 Acres
Price / SF$181.19
Days on Market12
Property Features for 354 Poplar Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3
Parking features
Off Street
Interior features
Eat-in Kitchen, Plumbed
Basement
Crawl Space
Appliances
Water Heater, Free-Standing Refrigerator, Free-Standing Electric Range
Lot features
Level
Elementary school
Daisy Elementary
Middle school
Soddy-Daisy Middle
High school
Soddy-Daisy High
Directions
US 27N to Harrison Lane Exit. Right onto Harrison Lane. Left onto Daisy Dallas. Right onto Poplar. Duplex is on the left, sign in the yard.
Subdivision
Soddy Daisy
Standard status
Active
APN
066j B 008
Size
1,600 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
POPLAR ST duplex A&B
Tax Annual Amount
1247
Legal Description
POPLAR ST duplex A&B
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Linoleum, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Outbuilding
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Kim Doremus · License #TN341164
(423) 255-6257
Added: Sep 1
Changed: Sep 12
Last Checked: Sep 12 at 6:06AM
MLS# 1541935
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.
Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex contains two independent residences with a practical layout for rental use or owner occupancy. Unit A includes three bedrooms and one bathroom, while Unit B has two bedrooms and one bathroom. Both residences feature their own living room and kitchen, and each has a separate storage shed in the backyard. Unit A was previously updated and is tenant occupied; Unit B is being freshly painted and is positioned for a new tenant or occupant.
The property includes a 0.42-acre lot with a large backyard and mountain views. Built in 1950 with ranch styling and vinyl siding, the building has central electric heating and cooling, public water, septic service, shingle roofing, and off-street parking. Its location provides access to Hwy 27 and the surrounding Soddy Daisy area.
The property includes a 0.42-acre lot with a large backyard and mountain views. Built in 1950 with ranch styling and vinyl siding, the building has central electric heating and cooling, public water, septic service, shingle roofing, and off-street parking. Its location provides access to Hwy 27 and the surrounding Soddy Daisy area.
Key Highlights
- Two residences with a 3‑bedroom/1‑bath unit and a 2‑bedroom/1‑bath unit
- 1,600 square feet on a 0.42‑acre lot
- Separate utility meters for each residence
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
$13,442
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
4.64%
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%
$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
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
$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 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%
$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 4.64%
Second Best
Apartment 5plus
$176.4K
$154.3K – $205.8K
NOI $12,345 @ 7.0% cap · market cap 4.26%
Theoretical Best
Healthcare Medical
$265.7K
$232.5K – $310.0K
NOI $18,599 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include individual kitchens, living rooms, 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 $289,900.
What are key features of this property?
This property features: Two residences with a 3‑bedroom/1‑bath unit and a 2‑bedroom/1‑bath unit; 1,600 square feet on a 0.42‑acre lot; Separate utility meters for each residence
