Renovated Duplex
New
For Sale
$269,000
407 Hotwater Road, Soddy Daisy, TN 37379
Residential Income, Soddy Daisy, TN
Property Size1,050 SF
Lot Size0.52 Acres
Price / SF$256.19
Days on Market2
Property Features for 407 Hotwater Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, 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
Central, Electric (Heating)
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
Last Checked: Aug 29 at 4:06PM
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 = 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
$8,821
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
3.28%
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%
$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
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
$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 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%
$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 3.28%
Second Best
Apartment 5plus
$115.7K
$101.3K – $135.0K
NOI $8,102 @ 7.0% cap · market cap 3.01%
Theoretical Best
Healthcare Medical
$174.4K
$152.6K – $203.4K
NOI $12,205 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $269,000.
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
