Renovation Duplex with Two
3626 Tanaka Trail Chattanooga, TN 37404
3626 Tanaka Trail, Chattanooga, TN, 37404
$165,000
Pending
For Sale
$165,000
Pending
MULTI_FAMILY - Chattanooga, TN
Property Size1,560 SF
Lot Size1.00 Acre
Days on Market145
Property Features for 3626 Tanaka Trail
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1
- Parking features
- Off Street
- Interior features
- Open Floorplan
- Basement
- Crawl Space
- Appliances
- Water Heater, Refrigerator, Free-Standing Electric Range
- Standard status
- Pending
- APN
- 168n J 001
- Size
- 1,560 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- LT 26 CHEROKEE HILLS SUB PB8 PG42
- Tax Annual Amount
- 2068
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Central
- Cooling system
- Central Air, Wall Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Vinyl
- Roof type
- Shingle
Listing agency
Coldwell Banker Pryor Realty
(423) 894-6762
Listed by
Rik Hunter · License #382605
(608) 886-7630
Added: Feb 26 Updated: Jun 30 at 2:53PM Checked: Jul 21 at 11:06AM
MLS# 1529438
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 duplex consists of two mirrored units, each offering 2 bedrooms and 1 bathroom. The property is not currently rent-ready and will require interior improvements. Exterior updates include new paint, handrails, and lighting in 2023, along with a new roof installed in 2025. The right unit added central HVAC and ductwork in 2019, and its water heater is located in the rear attached shed. The left unit uses electric wall heaters and tenant-supplied window AC, with its water heater located in the kitchen.
The duplex is located at 3626 Tanaka Trail in Chattanooga, Tennessee, on approximately a 1-acre lot. Public remarks indicate the water heater locations are as described per unit, and buyers should review the plat page/map to verify property and state line details.
This offering is best suited for an investor or owner-occupant seeking a renovation project with flexibility to refresh interiors and improve leasing readiness. Recent rental history is cited as $1,050/month and $1,064/month for the respective sides, and a nearby fully renovated duplex on Tanaka Trail reportedly rented for $1,175 per side, which may be used as a benchmark when planning renovations. Based on a similar sale on the same street, the after-repair value is estimated at around $280,000+.
The duplex is located at 3626 Tanaka Trail in Chattanooga, Tennessee, on approximately a 1-acre lot. Public remarks indicate the water heater locations are as described per unit, and buyers should review the plat page/map to verify property and state line details.
This offering is best suited for an investor or owner-occupant seeking a renovation project with flexibility to refresh interiors and improve leasing readiness. Recent rental history is cited as $1,050/month and $1,064/month for the respective sides, and a nearby fully renovated duplex on Tanaka Trail reportedly rented for $1,175 per side, which may be used as a benchmark when planning renovations. Based on a similar sale on the same street, the after-repair value is estimated at around $280,000+.
Key Highlights
- Duplex on a wooded 1‑acre lot: 2 bedrooms and 1 bath on each side
- Right unit leased through 5/31/26 for $1,050/month; tenant pays water, sewer, and electric
- Recent updates: new roof in 2025, plus exterior paint, handrails, and lighting in 2023
Local Financial Insights For Apartment 5plus
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 | $26.6k | $17.04 |
| − Vacancy | −$1.6k | −$1.02 |
| EGI | $25.0k | $16.02 |
| − OpEx | −$11.2k | −$7.21 |
| NOI | $13.7k | $8.81 |
1,560 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$218.8K
$191.4K – $255.3K
NOI $15,315 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$196.3K
$171.8K – $229.1K
NOI $13,743 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$344.5K
$301.5K – $402.0K
NOI $24,117 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units needing interior improvements, with exterior updates and a roof replacement for a value-add project.
Where is this duplex located?
The property is located at 3626 Tanaka Trail Chattanooga, TN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex on a wooded 1‑acre lot: 2 bedrooms and 1 bath on each side; Right unit leased through 5/31/26 for $1,050/month; tenant pays water, sewer, and electric; Recent updates: new roof in 2025, plus exterior paint, handrails, and lighting in 2023
