Updated
New
For Sale
$340,000
3808 Cherwood Lane, Chattanooga, TN 37406
Residential Income, Chattanooga, TN
Property Size1,836 SF
Lot Size0.73 Acres
Price / SF$185.19
Days on Market2
Property Features for 3808 Cherwood Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1
Parking features
Off Street
Interior features
Eat-in Kitchen
Appliances
Water Heater, Refrigerator, Electric Range
Subdivision
Davidsons Addn-Chero
Lot features
Pie Shaped Lot
Elementary school
Harrison Elementary
Middle school
Dalewood Middle
High school
Brainerd High
Directions
From Bonny Oaks to Lightfoot Mill, right on Cherwood. The duplex in on the left.
Standard status
Active
APN
137d A 031
Size
1,836 SF
Lot size
0.73 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lt 10 Davidsons Addn To Cherokee Wo Ods Pb 27 Pg 96 3225 01E 25
Tax Annual Amount
3308
Legal Description
Lt 10 Davidsons Addn To Cherokee Wo Ods Pb 27 Pg 96 3225 01E 25
Utilities
Sewer type
Public Sewer
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1972
Number of units
2
Roof type
Shingle
Architectural style
Ranch
Buildings
1
Listing Agency:
RE/MAX Properties · RE/MAX International
(423) 894-2900
Listed By:
Frances W Vantrease · License #250668
(423) 421-3341
Added: Oct 29
Last Checked: Oct 30 at 6:06AM
MLS# 1545363
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This occupied duplex contains 1,836 square feet on a 0.73-acre lot. One unit has two bedrooms and one bathroom, while one of the units includes a separate dining area. Updates include newer roofs, heating and air-conditioning systems, and flooring. The building was constructed in 1972.
Key Highlights
- 1,836‑square‑foot duplex on a 0.73‑acre lot
- Occupied two‑unit property
- One unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,025
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,500
$360.5K
Cap Rate 7%
$257,500
$257.5K
Cap Rate 9%
$200,278
$200.3K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$27.5K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.7K $14.03/SF
− OpEx
−$7.7K −$4.21/SF
NOI
$18.0K $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%
$360,500
Cap Rate 7%
$257,500
Cap Rate 9%
$200,278
Alternative Uses
Best Use
Multifamily LT 5
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$231.1K
$202.2K – $269.6K
NOI $16,175 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$405.5K
$354.8K – $473.1K
NOI $28,384 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
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 - Occupied two-unit property with refreshed roofing, heating and cooling systems, and flooring.
Where is this duplex located?
The property is located at 3808 Cherwood Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,836‑square‑foot duplex on a 0.73‑acre lot; Occupied two‑unit property; One unit has 2 bedrooms and 1 bathroom
