Duplex with Separate Living
For Sale
$250,000
3624 Shirl Jo Lane, Chattanooga, TN 37412
Residential Income, Chattanooga, TN
Property Size1,708 SF
Lot Size0.22 Acres
Price / SF$146.37
Days on Market48
Property Features for 3624 Shirl Jo Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch, Deck
Interior features
Eat-in Kitchen, Tub/shower Combo
Appliances
Refrigerator, Free-Standing Electric Range, Electric Water Heater, Dishwasher
Subdivision
Shirl Jo Estate
Lot features
Back Yard, Front Yard, Gentle Sloping, Level
Elementary school
East Ridge Elementary
Middle school
East Ridge Middle
High school
East Ridge High
Standard status
Active
APN
168k L 018.08
Size
1,708 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lt 3 Shirl Jo Estates Pb 26 Pg 80
Tax Annual Amount
2831
Legal Description
Lt 3 Shirl Jo Estates Pb 26 Pg 80
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
deck
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Shingle
Listing Agency:
Coldwell Banker Pryor Realty · Coldwell Banker Real Estate
(423) 894-6762
Listed By:
Rolanda L Pullen Daniel · License #280536
(423) 596-1568
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 31 at 10:06PM
MLS# 1542845
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 1,708-square-foot duplex, built in 1973, sits on a 0.22-acre lot. Its two sides each contain two bedrooms and one bathroom. Construction includes brick, and a deck provides outdoor space overlooking the backyard.
One unit is occupied at $1,050 per month, while the other is vacant. The property has driveway parking, central heating and air conditioning, and public water and sewer service.
One unit is occupied at $1,050 per month, while the other is vacant. The property has driveway parking, central heating and air conditioning, and public water and sewer service.
Key Highlights
- 1,708 square feet on a 0.22‑acre lot
- Two units, each with 2 bedrooms and 1 bathroom
- One unit occupied; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,768
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,360
$335.4K
Cap Rate 7%
$239,543
$239.5K
Cap Rate 9%
$186,311
$186.3K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$25.6K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$24.0K $14.03/SF
− OpEx
−$7.2K −$4.21/SF
NOI
$16.8K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,360
Cap Rate 7%
$239,543
Cap Rate 9%
$186,311
Alternative Uses
Best Use
Multifamily LT 5
$239.5K
$209.6K – $279.5K
NOI $16,768 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$215.0K
$188.1K – $250.8K
NOI $15,047 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,405 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with a deck overlooking the backyard.
Where is this duplex located?
The property is located at 3624 Shirl Jo Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,708 square feet on a 0.22‑acre lot; Two units, each with 2 bedrooms and 1 bathroom; One unit occupied; the other is vacant
