Updated Duplex With
For Sale
$339,000
356 Browns Ferry Road, Chattanooga, TN 37419
Two-unit residential property with refreshed interiors, separate laundry rooms, and covered outdoor areas for each residence.
Property Size1,652 SF
Days on Market58
Property Features for 356 Browns Ferry Road
General Information
Standard status
Active
Size
1,652 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,941
Building Details
Building Size
1,652 SF
Year Built
1988
Buildings
1
Listing Agency:
United Real Estate Experts
(423) 314-5085
Listed By:
Laila S Punjani · License #323356
(423) 314-5085
Source:
Gracefrankgroup
Added: Jun 9
Changed: Aug 5
Last Checked: Aug 5 at 6:24AM
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 United Real Estate Experts
Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two residences with matching layouts. Each unit provides two bedrooms, one full bathroom, a living room, eat-in kitchen, separate laundry room, and both front and rear porches. Recent work includes new interior paint, refinished cabinet surfaces, new appliances, and bathroom improvements.
Both units are vacant, allowing an owner-occupant to select a residence while leasing the other or prepare both units for occupancy. The property is located in Chattanooga, Tennessee, on Browns Ferry Road.
Both units are vacant, allowing an owner-occupant to select a residence while leasing the other or prepare both units for occupancy. The property is located in Chattanooga, Tennessee, on Browns Ferry Road.
Key Highlights
- Duplex with 2 units, each offering 2 bedrooms and 1 full bathroom
- Both residences include front and back porches
- Separate laundry room provided in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $15.00 |
| − Vacancy | −$1.6k | −$0.98 |
| EGI | $23.2k | $14.03 |
| − OpEx | −$7.0k | −$4.21 |
| NOI | $16.2k | $9.82 |
1,652 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.7K – $270.3K
NOI $16,219 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$207.9K
$181.9K – $242.6K
NOI $14,554 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$364.9K
$319.3K – $425.7K
NOI $25,540 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 37419, TN
6,438
Population
2,952
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
49.0 sq mi
ZIP Area
131
Density / Sq Mi
$86,029
Median Household Income
$51,528
Median Earnings
$979
Median Rent
$302,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed interiors, separate laundry rooms, and covered outdoor areas for each residence.
Where is this duplex located?
The property is located at 356 Browns Ferry Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Duplex with 2 units, each offering 2 bedrooms and 1 full bathroom; Both residences include front and back porches; Separate laundry room provided in each unit
