Duplex With Two-Bedroom
For Sale
$264,900
356 Tanager Circle, Chattanooga, TN 37412
MULTI_FAMILY - Chattanooga, TN
Property Size2,294 SF
Lot Size0.10 Acres
Price / SF$115.48
Days on Market178
Property Features for 356 Tanager Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Parking features
On Street, Driveway
Window features
Vinyl Frames
Patio and Porch features
Porch
Appliances
Refrigerator, Microwave, Free-Standing Electric Range
Subdivision
Meadowlark Acres
Elementary school
East Ridge Elementary
Middle school
East Ridge Middle
High school
East Ridge High
Standard status
Active
APN
170j B 025.13
Size
2,294 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
LT 45 REEVES ADDN TO MEADOW LARK HILLS S/D REV 37-295 OUT OF 170J-B-25.7 FOR 1984
Tax Annual Amount
2369
Legal Description
LT 45 REEVES ADDN TO MEADOW LARK HILLS S/D REV 37-295 OUT OF 170J-B-25.7 FOR 1984
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Nick Miles · License #372538
(256) 490-9246
Added: Feb 7
Changed: Aug 1
Last Checked: Aug 4 at 10:06PM
MLS# 1528135
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.
356 Tanager Circle is a duplex in East Ridge built in 1993, offering approximately 2,294 square feet of residential space on a 0.1-acre lot. The property has two units, each with 2 bedrooms and 1.5 bathrooms, designed with practical layouts for everyday living. Both units are currently vacant, creating flexibility for immediate occupancy, leasing, or future updates. Major improvements include a roof replaced approximately three years ago and a water heater replaced approximately five years ago.
The property is located down the middle of three adjacent driveways and is not visible from the road. Please use the middle driveway only and do not disturb neighboring properties during showings.
Utilities are public, with public sewer service. Interior amenities include appliances such as a refrigerator, microwave, and free-standing electric range, and the home is served by electric heating with central air cooling. Parking is available via on-street parking and a driveway, with a porch at the entry.
The property is located down the middle of three adjacent driveways and is not visible from the road. Please use the middle driveway only and do not disturb neighboring properties during showings.
Utilities are public, with public sewer service. Interior amenities include appliances such as a refrigerator, microwave, and free-standing electric range, and the home is served by electric heating with central air cooling. Parking is available via on-street parking and a driveway, with a porch at the entry.
Key Highlights
- Both units currently vacant, duplex set up for immediate occupancy or leasing
- Built in 1993 with approximately 2,294 square feet on a 0.1‑acre lot
- Two units, each with 2 bedrooms and 1.5 bathrooms
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 | $34.4k | $15.00 |
| − Vacancy | −$2.2k | −$0.98 |
| EGI | $32.2k | $14.03 |
| − OpEx | −$9.7k | −$4.21 |
| NOI | $22.5k | $9.82 |
2,294 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$288.7K
$252.6K – $336.8K
NOI $20,209 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$506.6K
$443.3K – $591.1K
NOI $35,465 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
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 - Duplex with both units vacant, two-bedroom layouts, and central electric HVAC, built in 1993 on a 0.1-acre lot.
Where is this duplex located?
The property is located at 356 Tanager Circle Chattanooga, TN.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Both units currently vacant, duplex set up for immediate occupancy or leasing; Built in 1993 with approximately 2,294 square feet on a 0.1‑acre lot; Two units, each with 2 bedrooms and 1.5 bathrooms
