Updated Duplex with Extra
New
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 Market4
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: Sep 4
Last Checked: Sep 4 at 2:53PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
