Duplex With Private
New
For Sale
$298,000
4007 Sunset Avenue, Chattanooga, TN 37411
Both residences have two bedrooms, one bathroom, and an individual garage.
Property Size1,756 SF
Days on Market5
Property Features for 4007 Sunset Avenue
General Information
Standard status
Active
Size
1,756 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,092
Amenities
oversized side yard
spacious backyard
Building Details
Building Size
1,756 SF
Year Built
1964
Buildings
1
Tenancy
Single
Listing Agency:
EXP Realty LLC
Listed By:
Drea Irvin · License #363226
(260) 415-3967
Source:
Gracefrankgroup
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 4:09PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
Built in 1964, this duplex contains two residences, each with two bedrooms, one bathroom, and a private garage. Outdoor areas include a side yard and a backyard. One residence is occupied by a long-term tenant; the other is part of the same two-unit property.
The property is in Chattanooga, about 10 minutes from downtown and 13 minutes from Hamilton Place Mall. Shopping, dining, and everyday services are also described as nearby.
The property is in Chattanooga, about 10 minutes from downtown and 13 minutes from Hamilton Place Mall. Shopping, dining, and everyday services are also described as nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- A private garage serves each residence
- One side has a long‑term tenant
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
$17,240
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
5.79%
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%
$344,800
$344.8K
Cap Rate 7%
$246,286
$246.3K
Cap Rate 9%
$191,556
$191.6K
Market Conditions
NOI Build-Up for 1,756 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
$26.3K $15.00/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$24.6K $14.03/SF
− OpEx
−$7.4K −$4.21/SF
NOI
$17.2K $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%
$344,800
Cap Rate 7%
$246,286
Cap Rate 9%
$191,556
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.3K
NOI $17,240 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.8K
NOI $15,470 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$387.8K
$339.3K – $452.5K
NOI $27,147 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
307
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bathroom, and an individual garage.
Where is this duplex located?
The property is located at 4007 Sunset Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; A private garage serves each residence; One side has a long‑term tenant
