Brick Duplex with
For Sale
$293,000
Pending
4107 Cherryton Dr, Chattanooga, TN 37411
Two remodeled units provide practical layouts, private laundry hookups, storage, and designated parking on a quiet residential street.
Property Size1,940 SF
Lot Size0.25 Acres
Days on Market10
Property Features for 4107 Cherryton Dr
General Information
Standard status
Pending
Size
1,940 SF
Lot size
0.25 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
front porch
laundry rooms
ample storage
designated parking
Building Details
Year Built
1966
Buildings
1
Construction
brick
Listing Agency:
Real Broker
Listed By:
Brian Kelly · License #258290
(423) 818-9959
Source:
Chattanoogaareahomesforsale
Added: Aug 24
Changed: Sep 1
Last Checked: Aug 30 at 3:48PM
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 Real Broker
Investment Insights
Based on property information with market context.
Located at 4107 Cherryton Dr in Chattanooga, this all-brick duplex dates to 1966 and includes two separate 2-bedroom, 1-bath residences of approximately 950 square feet each. Both sides feature updated kitchens with stainless steel appliances and dishwashers, newer LVP and carpet flooring, large laundry rooms with hookups, ample storage, well-insulated separation between units, and front porches with pergolas.
Recent property improvements include newer windows, electrical updates, gutters, architectural roof shingles, refreshed landscaping, and designated parking. An expansive unfinished basement and utility garage provide additional storage and flexible future use, while the 0.25-acre parcel has rear road frontage and possible ADU potential. The property sits on a low-traffic, single-family street in the Brainerd area.
Recent property improvements include newer windows, electrical updates, gutters, architectural roof shingles, refreshed landscaping, and designated parking. An expansive unfinished basement and utility garage provide additional storage and flexible future use, while the 0.25-acre parcel has rear road frontage and possible ADU potential. The property sits on a low-traffic, single-family street in the Brainerd area.
Key Highlights
- Two‑unit duplex with approximately 950 sq ft per side
- Each residence includes 2 bedrooms and 1 bathroom
- All‑brick construction with newer windows, electrical, gutters, and architectural roof shingles
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
$19,046
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
6.50%
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%
$380,920
$380.9K
Cap Rate 7%
$272,086
$272.1K
Cap Rate 9%
$211,622
$211.6K
Market Conditions
NOI Build-Up for 1,940 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
$29.1K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.2K $14.03/SF
− OpEx
−$8.2K −$4.21/SF
NOI
$19.0K $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%
$380,920
Cap Rate 7%
$272,086
Cap Rate 9%
$211,622
Alternative Uses
Best Use
Multifamily LT 5
$272.1K
$238.1K – $317.4K
NOI $19,046 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$244.2K
$213.6K – $284.9K
NOI $17,091 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$428.5K
$374.9K – $499.9K
NOI $29,992 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
515
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
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 remodeled units provide practical layouts, private laundry hookups, storage, and designated parking on a quiet residential street.
Where is this duplex located?
The property is located at 4107 Cherryton Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $293,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 950 sq ft per side; Each residence includes 2 bedrooms and 1 bathroom; All‑brick construction with newer windows, electrical, gutters, and architectural roof shingles
