Triplex with Covered
4100 South Terrace, Chattanooga, TN 37412
For Sale
$325,000
Residential Income, Chattanooga, TN
Property Size2,940 SF
Lot Size0.48 Acres
Price / SF$110.54
Days on Market47
Property Features for 4100 South Terrace
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Fireplace
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
wood-burning fireplaces
covered porches
grass backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Real Estate Partners Chattanooga LLC
(423) 265-0088
Listed By:
Gil Patton · License TN #022287
(423) 667-6822
Added: Sep 24
Changed: Nov 3
Last Checked: Nov 9 at 10:06PM
MLS# 1543322
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 2,940-square-foot triplex sits on a 0.48-acre parcel. Upper-level units have tall ceilings, spacious living areas, separate dining rooms and wood-burning fireplaces. Bathrooms have received partial updates, and kitchen appliances are included. Interior finishes include hardwood, carpet, vinyl and linoleum, with built-in storage and display features throughout. The property also has covered front and enclosed rear porches.
A paved parking area is located behind the building, along with a grass backyard. Public water and sewer serve the property. The sale is as-is, with no seller repairs.
A paved parking area is located behind the building, along with a grass backyard. Public water and sewer serve the property. The sale is as-is, with no seller repairs.
Key Highlights
- Triplex totaling 2,940 square feet
- 0.48‑acre parcel
- Upper‑level units have separate dining rooms and wood‑burning fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,863
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,260
$577.3K
Cap Rate 7%
$412,329
$412.3K
Cap Rate 9%
$320,700
$320.7K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$44.1K $15.00/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$41.2K $14.03/SF
− OpEx
−$12.4K −$4.21/SF
NOI
$28.9K $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%
$577,260
Cap Rate 7%
$412,329
Cap Rate 9%
$320,700
Alternative Uses
Best Use
Multifamily LT 5
$412.3K
$360.8K – $481.1K
NOI $28,863 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$370.0K
$323.8K – $431.7K
NOI $25,900 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$649.3K
$568.2K – $757.5K
NOI $45,452 @ 7.0% cap · market cap 13.99%
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
Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
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
Frequently Asked Questions
What type of property is this?
Triplex - The upper residences include formal dining rooms, fireplaces and tall ceilings.
Where is this triplex located?
The property is located at 4100 South Terrace Chattanooga, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Triplex totaling 2,940 square feet; 0.48‑acre parcel; Upper‑level units have separate dining rooms and wood‑burning fireplaces
