Renovated Duplex
For Sale
$249,000
407 Hotwater Road, Soddy Daisy, TN 37379
Residential Income, Soddy Daisy, TN
Property Size1,050 SF
Lot Size0.52 Acres
Price / SF$237.14
Days on Market47
Property Features for 407 Hotwater Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Appliances
Refrigerator, Range Hood, Electric Water Heater, Electric Range
Elementary school
Soddy Elementary
Middle school
Soddy-Daisy Middle
High school
Soddy-Daisy High
Subdivision
Soddy Daisy
Standard status
Active
APN
040n A 041
Size
1,050 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
Old Mountain Rd
Tax Annual Amount
1113
Legal Description
Old Mountain Rd
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2005
Number of units
2
Roof type
Shingle
Listing Agency:
EXP Realty LLC
(888) 519-5113
Listed By:
Bradon Doctor · License #355832
(423) 710-0239
Added: Aug 28
Changed: Oct 5
Last Checked: Oct 13 at 9:06PM
MLS# 1541669
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 duplex contains two one-bedroom, one-bath units with spacious living rooms and open kitchen layouts. Each side includes its own laundry hookups and private rear deck. Side A has been renovated, while Side B is occupied by a long-term renter. The property includes 1,050 square feet on a shared 0.52-acre lot and was built in 2005.
The property is located at 407 Hotwater Road in Soddy Daisy, Tennessee, within Hamilton County. Public water and septic service support the improvements. Additional features include shingle roofing, electric central heating and cooling, an electric water heater, electric range, range hood, and refrigerator. The property is outside the floodplain.
The property is located at 407 Hotwater Road in Soddy Daisy, Tennessee, within Hamilton County. Public water and septic service support the improvements. Additional features include shingle roofing, electric central heating and cooling, an electric water heater, electric range, range hood, and refrigerator. The property is outside the floodplain.
Key Highlights
- Two one‑bedroom, one‑bath units with separate living and kitchen areas
- Side A renovated; Side B occupied by a long‑term renter
- Each unit has private laundry hookups and a rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,821
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,420
$176.4K
Cap Rate 7%
$126,014
$126.0K
Cap Rate 9%
$98,011
$98.0K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$14.2K $13.56/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$12.6K $12.00/SF
− OpEx
−$3.8K −$3.60/SF
NOI
$8.8K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,420
Cap Rate 7%
$126,014
Cap Rate 9%
$98,011
Alternative Uses
Best Use
Multifamily LT 5
$126.0K
$110.3K – $147.0K
NOI $8,821 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,102 @ 7.0% cap · market cap 3.25%
Theoretical Best
Healthcare Medical
$174.4K
$152.6K – $203.4K
NOI $12,205 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 37379, TN
28,552
Population
12,089
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
106.4 sq mi
ZIP Area
268
Density / Sq Mi
$85,525
Median Household Income
$44,662
Median Earnings
$988
Median Rent
$277,600
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
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 separate units offer open kitchens, private decks, and individual laundry hookups.
Where is this duplex located?
The property is located at 407 Hotwater Road Soddy Daisy, TN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units with separate living and kitchen areas; Side A renovated; Side B occupied by a long‑term renter; Each unit has private laundry hookups and a rear deck
