Vacant Duplex With Two
356 Browns Ferry Road Chattanooga, TN 37419
For Sale
$339,000
MULTI_FAMILY - Chattanooga, TN
Property Size1,652 SF
Lot Size0.25 Acres
Price / SF$205.21
Days on Market51
Property Features for 356 Browns Ferry Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 4
Parking features
Off Street
Window features
Double Pane Windows
Patio and Porch features
Deck, Patio
Interior features
Eat-in Kitchen
Basement
Crawl Space
Appliances
Free-Standing Refrigerator, Free-Standing Range, Dishwasher
Standard status
Active
APN
144n D 031.04
Size
1,652 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LT 1 ORVILLE PAYNE SUB ON BROWNS FE RRY RD PB42 PG385 OUT OF 144N-D-31. 2 FOR 1988
Tax Annual Amount
1942
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick, HardiPlank Type, Vinyl Siding
Roof type
Shingle
Listing Agency:
United Real Estate Experts
(423) 771-7611
Listed By:
Laila S Punjani · License #TN323356
(423) 314-5085
Added: Jun 9
Changed: Jul 16
Last Checked: Jul 29 at 9:06AM
MLS# 1536426
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 for-sale duplex includes two separate residential units, each offering 2 bedrooms, 1 full bathroom, a large living room, an eat-in kitchen, a dedicated laundry room, and both front and back porches. Recent improvements include fresh interior paint, resurfaced and repainted cabinets, brand-new appliances, and bathroom improvements. Both units are currently vacant, providing flexibility for an owner-occupant or a buyer looking to lease one or both sides.
The property is located at 356 Browns Ferry Road in Chattanooga, TN 37419, within Hamilton County. The lot size is listed at 0.25 acres, and the overall property size is reported as 1,652 square feet.
With both units available, this duplex can support a variety of residential income strategies, including moving in while renting the second unit or renting both units without waiting for existing leases to expire. Buyers should verify zoning and feasibility, as well as conduct their own due diligence regarding rental income estimates and any intended use of the property.
The property is located at 356 Browns Ferry Road in Chattanooga, TN 37419, within Hamilton County. The lot size is listed at 0.25 acres, and the overall property size is reported as 1,652 square feet.
With both units available, this duplex can support a variety of residential income strategies, including moving in while renting the second unit or renting both units without waiting for existing leases to expire. Buyers should verify zoning and feasibility, as well as conduct their own due diligence regarding rental income estimates and any intended use of the property.
Key Highlights
- Duplex built in 1988 with two units, each offering 2 bedrooms and 1 full bathroom
- Each unit includes a large living room, eat‑in kitchen, and separate laundry room
- Both units currently vacant, giving the option to move in or set rental income immediately
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with two identical 2-bedroom units, each with front and back porches, ready for immediate occupancy or leasing.
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 built in 1988 with two units, each offering 2 bedrooms and 1 full bathroom; Each unit includes a large living room, eat‑in kitchen, and separate laundry room; Both units currently vacant, giving the option to move in or set rental income immediately
