3816 Cherwood Lane, Chattanooga, TN 37406
MULTI_FAMILY - Other - Chattanooga, TN
- Added:
- Jun 4, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 4 at 6:06 am
Property Features for 3816 Cherwood Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4
- Parking features
- Driveway
- Interior features
- Open Floorplan, Storage
- Appliances
- Refrigerator, Oven
- Standard status
- Active
- APN
- 137d A 027
- Size
- 1,856 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- LOT 6 DAVIDSON ADDN TO CHEROKEE WOO DS PB27 PG96
- Tax Annual Amount
- 3308
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Brittany Bennett License #366867 (423) 504-1632
Listing office Zach Taylor - Chattanooga 101 W 21st Street Suite C, Chattanooga, TN (855) 261-2233
Listing date Jun 4, 2026
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.
HighLights
- Duplex built in 1972 with brick construction, shingle roof, and open floorplan design
- Each unit features 2 bedrooms and 1.5 bathrooms, with multiple bedrooms and bathrooms listed
- Level lot with about 1 acre of land in a quiet cul‑de‑sac setting
- Central heating and central air conditioning, plus electric heating
- Public utilities: public water and public sewer
- Driveway parking and included kitchen appliances: refrigerator and oven (sold as‑is)
Overview
Located at 3816 Cherwood Lane in Chattanooga, Tennessee 37406, the duplex is positioned on a quiet cul-de-sac setting. The seller has described the lot as approximately one acre, providing a straightforward, single-lot configuration for an owner-operator or investor.
For tenants or buyers evaluating rental housing, the unit layout is consistent across both sides, which can simplify leasing and day-to-day property management. The AS-is sale also means buyers should plan to conduct their own due diligence on condition and any needed repairs prior to closing. This property may fit those seeking an owner-controlled duplex with a level lot and a calm residential street setting.
Local Financial Insights For Multifamily LT 5
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 | $27.8k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $26.0k | $14.03 |
| − OpEx | −$7.8k | −$4.21 |
| NOI | $18.2k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.211605
- Latitude
- 35.069665
