2-Unit Duplex with Separate
For Sale
$274,900
354 Poplar Street, Soddy Daisy, TN 37379
Residential Income, Soddy Daisy, TN
Property Size1,600 SF
Lot Size0.42 Acres
Price / SF$171.81
Days on Market58
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 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2
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
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
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
Amenities
off-street parking
detached storage shed
mountain views
large backyard
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Linoleum, Carpet
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: Oct 23
Last Checked: Oct 28 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex contains two residences: one with three bedrooms and one bath, and another with two bedrooms and one bath. Each unit has a living room and kitchen. One residence is tenant occupied and previously updated; the other has fresh paint and is ready for occupancy. Separate utility meters and individual detached storage sheds serve the units. The property was built in 1950 and sits on 0.42 acres, with off-street parking, a large backyard and mountain views.
Located at 354 Poplar Street in Soddy Daisy, the property has public water and a septic system. Central heating and air conditioning are installed.
Located at 354 Poplar Street in Soddy Daisy, the property has public water and a septic system. Central heating and air conditioning are installed.
Key Highlights
- Two residences totaling 1,600 square feet on 0.42 acres
- Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence
- One unit is tenant occupied; the other has fresh paint and is ready for occupancy
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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Lease Details
2
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own utility meter and detached storage shed.
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 residences totaling 1,600 square feet on 0.42 acres; Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence; One unit is tenant occupied; the other has fresh paint and is ready for occupancy
