Brick Ranch
For Sale
$250,000
4072 Arbor Place Lane, Chattanooga, TN 37416
Residential Income, Chattanooga, TN
Property Size1,920 SF
Lot Size0.25 Acres
Price / SF$130.21
Days on Market98
Property Features for 4072 Arbor Place Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking features
Off Street
Window features
Blinds, Aluminum Frames
Exterior features
Rain Gutters
Appliances
Free-Standing Refrigerator, Free-Standing Electric Range, Free-Standing Electric Oven
Subdivision
Harbor Place
Lot features
Level
Elementary school
Harrison Elementary
Middle school
Brown Middle
High school
Central High School
Directions
North on Hwy. 58, left on Webb Road, Right on Arbor Place
Standard status
Active
APN
120o H 010
Size
1,920 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lt 22 Harbor Place Pb25 Pg48 3189 0 2D 02
Tax Annual Amount
3705
Legal Description
Lt 22 Harbor Place Pb25 Pg48 3189 0 2D 02
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Carpet, Linoleum
Building materials
Brick Veneer
Roof type
Shingle
Architectural style
Ranch
Buildings
1
Listing Agency:
Chattanooga Real Estate Co
(423) 894-3050
Listed By:
Jerry L Petty · License #TN264784
(423) 421-8687
Added: Jul 29
Changed: Oct 27
Last Checked: Nov 3 at 9:06AM
MLS# 1539810
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.
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Investment Insights
Based on property information with market context.
This 1,920-square-foot duplex contains two matching residential units, each arranged with two bedrooms, one bathroom, and a laundry room adjoining the kitchen. Both sides include a refrigerator, electric range, and electric oven. The building features brick veneer construction, a ranch-style layout, central electric heating and cooling, carpet and linoleum flooring, shingle roofing, and rain gutters. Public water and public sewer serve the property. One unit is currently rented, while the second unit is vacant following the prior tenant’s departure.
Set on a 0.25-acre lot near Hwy 58 and Hwy 153 in Chattanooga, the property provides off-street parking for both units. The duplex was built in 1969 and includes separate residential spaces suited to an income-property or owner-occupant arrangement.
Set on a 0.25-acre lot near Hwy 58 and Hwy 153 in Chattanooga, the property provides off-street parking for both units. The duplex was built in 1969 and includes separate residential spaces suited to an income-property or owner-occupant arrangement.
Key Highlights
- 1,920‑square‑foot duplex on a 0.25‑acre lot
- Two units, each with 2 bedrooms, 1 bathroom, and a kitchen‑adjacent laundry room
- One unit currently rented; second unit vacant after prior tenant departure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,850
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,000
$377.0K
Cap Rate 7%
$269,286
$269.3K
Cap Rate 9%
$209,444
$209.4K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$28.8K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$26.9K $14.03/SF
− OpEx
−$8.1K −$4.21/SF
NOI
$18.8K $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 Rate 5%
$377,000
Cap Rate 7%
$269,286
Cap Rate 9%
$209,444
Alternative Uses
Best Use
Multifamily LT 5
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$241.6K
$211.4K – $281.9K
NOI $16,915 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$424.0K
$371.0K – $494.7K
NOI $29,683 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living spaces, laundry areas, appliances, and off-street parking on each side.
Where is this duplex located?
The property is located at 4072 Arbor Place Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,920‑square‑foot duplex on a 0.25‑acre lot; Two units, each with 2 bedrooms, 1 bathroom, and a kitchen‑adjacent laundry room; One unit currently rented; second unit vacant after prior tenant departure
