Updated Duplex with Extra
For Sale
$300,000
3729 Monte Vista Drive, Chattanooga, TN 37411
Two-unit property offers flexible layouts, 2022 HVAC systems, and a 2021 roof replacement.
Property Size2,048 SF
Days on Market50
Property Features for 3729 Monte Vista Drive
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,002
Building Details
Building Size
2,048 SF
Year Built
1977
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Jake Kellerhals · License #325426
(706) 217-8133
Source:
Gracefrankgroup
Added: Sep 2
Changed: Oct 9
Last Checked: Oct 19 at 1:23PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex contains two separate residential units with different bedroom configurations: one includes 3 bedrooms and 1.5 baths, while the other has 2 bedrooms and 1.5 baths. The property was built in 1977 and has received significant updates, including HVAC installations completed in 2022, a roof replacement in 2021, and a new deck.
Both units are Section 8 approved. The sale also includes an extra lot, which the property information identifies as offering potential for construction of another unit or future expansion. Located in Chattanooga, the property combines an existing two-unit layout with documented improvements and additional land.
Both units are Section 8 approved. The sale also includes an extra lot, which the property information identifies as offering potential for construction of another unit or future expansion. Located in Chattanooga, the property combines an existing two-unit layout with documented improvements and additional land.
Key Highlights
- 3‑bedroom, 1.5‑bath unit paired with a 2‑bedroom, 1.5‑bath unit
- HVAC systems installed in 2022
- Roof replaced in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,106
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,120
$402.1K
Cap Rate 7%
$287,229
$287.2K
Cap Rate 9%
$223,400
$223.4K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$30.7K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.7K $14.03/SF
− OpEx
−$8.6K −$4.21/SF
NOI
$20.1K $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%
$402,120
Cap Rate 7%
$287,229
Cap Rate 9%
$223,400
Alternative Uses
Best Use
Multifamily LT 5
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers flexible layouts, 2022 HVAC systems, and a 2021 roof replacement.
Where is this duplex located?
The property is located at 3729 Monte Vista Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bath unit paired with a 2‑bedroom, 1.5‑bath unit; HVAC systems installed in 2022; Roof replaced in 2021
