Duplex on Level
3816 Cherwood Lane Chattanooga, TN 37406
3816 Cherwood Lane, Chattanooga, TN, 37406
$220,000
Pending
For Sale
$220,000
Pending
MULTI_FAMILY - Other - Chattanooga, TN
Property Size1,856 SF
Lot Size1.00 Acre
Days on Market47
Property Features for 3816 Cherwood Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2
- Parking features
- Driveway
- Interior features
- Open Floorplan, Storage
- Appliances
- Refrigerator, Oven
- Standard status
- Pending
- 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
- Central, Electric (Heating)
- 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 Agency
Zach Taylor - Chattanooga
(855) 261-2233
101 W 21st Street Suite C, Chattanooga, TN
Listed by
Brittany Bennett · License #TN366867
(423) 504-1632
Added: Jun 4 Checked: Jul 20 at 9:06 am
MLS# 1536055
Listing URL
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 for-sale duplex offers two residential units, each with two bedrooms and one-and-a-half bathrooms. The property sits on a level lot and is being sold as-is.
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.
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.
Key Highlights
- Duplex on a level lot with about 1 acre of land
- Each unit features 2 bedrooms and 1.5 bathrooms
- Open floorplan with storage throughout
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 |
1,856 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.3K
$227.8K – $303.7K
NOI $18,221 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$233.6K
$204.4K – $272.5K
NOI $16,351 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$409.9K
$358.7K – $478.2K
NOI $28,693 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex features two bedrooms and 1.5 baths per unit on a level lot in a quiet cul-de-sac, sold as-is.
Where is this duplex located?
The property is located at 3816 Cherwood Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex on a level lot with about 1 acre of land; Each unit features 2 bedrooms and 1.5 bathrooms; Open floorplan with storage throughout
