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 Market86
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: Jul 24
Changed: Oct 1
Last Checked: Oct 16 at 9:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$19,046
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
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
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 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.
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
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
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?
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
