Updated Duplex with Two
New
For Sale
$399,000
4313 Katie Kim Lane, Collegedale, TN 37363
Residential Income, Collegedale, TN
Property Size2,100 SF
Lot Size0.23 Acres
Price / SF$190
Days on Market4
Property Features for 4313 Katie Kim Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Off Street, Garage
Window features
Insulated Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s), Eat-in Kitchen, En Suite, Granite Counters, Open Floorplan, Pantry
Exterior features
Fire Pit, Private Entrance, Private Yard, Rain Gutters
Basement
Finished, Full
Appliances
Washer/Dryer Stacked, Washer/Dryer, Stainless Steel Appliance(s), Refrigerator, Microwave, Electric Water Heater, Electric Range, Dishwasher
Subdivision
Fox Trails Unit 1
Lot features
Many Trees, Rolling Slope
Elementary school
Apison Elementary
Middle school
Ooltewah Middle
High school
Ooltewah
Directions
From I-75, take exit 9 for Apison Pike, turn onto Apison Pike headed toward Collegedale. Travel 3 miles on Apison Pike, then turn right onto Old Apison Pike, travel a mile then turn right onto University Dr., after half a mile continue straight through the traffic circle, continue straight a mile then turn left onto Prospect Church Rd. Travel one mile then turn left onto Katie Kim Ln. at the Fox Trails subdivision sign. Travel approx. 450 feet down Katie Kim Ln., property on left, sign in yard
Standard status
Active
APN
161b A 037
Size
2,100 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 29 Fox Trails Unit 1 Pb27 Pg164
Tax Annual Amount
1632
Legal Description
Lot 29 Fox Trails Unit 1 Pb27 Pg164
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1974
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Asphalt, Shingle
Architectural style
Ranch
Listing Agency:
Real Estate Partners Chattanooga LLC
(423) 362-8333
Listed By:
Samantha Shaw · License #346621
(423) 508-5194
Added: Sep 5
Last Checked: Sep 8 at 10:06AM
MLS# 1542277
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 ranch-style duplex contains 2,100 square feet across two distinct residences. The main-level unit offers 3 bedrooms, 2 baths, a 1,200-square-foot layout, an eat-in kitchen with granite counters and stainless-steel appliances, an en suite primary bath, laundry, and a single-car garage. A 16x16 deck overlooks the backyard and mature trees. The basement unit includes 2 bedrooms, 1 bath, 900 square feet, an open living area, kitchen island, granite counters, stainless-steel appliances, laundry, built-in cabinetry, and a private rear entry with a concrete patio.
Property updates include a 2023 roof, one HVAC system replaced in 2023, the second HVAC system replaced in 2021, new appliances, flooring, countertops, basement cabinets, and septic field lines. The 0.23-acre lot has public water, septic service, green yard space, and mature trees. The property is located near Southern Adventist University and McKee Foods, 15 minutes from Hamilton Place Mall and 30 minutes from downtown Chattanooga.
Property updates include a 2023 roof, one HVAC system replaced in 2023, the second HVAC system replaced in 2021, new appliances, flooring, countertops, basement cabinets, and septic field lines. The 0.23-acre lot has public water, septic service, green yard space, and mature trees. The property is located near Southern Adventist University and McKee Foods, 15 minutes from Hamilton Place Mall and 30 minutes from downtown Chattanooga.
Key Highlights
- Two‑unit duplex with 2,100 square feet total
- Main residence includes 3 bedrooms, 2 baths, and 1,200 square feet
- Basement residence includes 2 bedrooms, 1 bath, and 900 square feet
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
$17,643
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
4.42%
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%
$352,860
$352.9K
Cap Rate 7%
$252,043
$252.0K
Cap Rate 9%
$196,033
$196.0K
Market Conditions
NOI Build-Up for 2,100 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
$28.5K $13.56/SF
− Vacancy
−$3.3K −$1.56/SF
EGI
$25.2K $12.00/SF
− OpEx
−$7.6K −$3.60/SF
NOI
$17.6K $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%
$352,860
Cap Rate 7%
$252,043
Cap Rate 9%
$196,033
Alternative Uses
Best Use
Multifamily LT 5
$252.0K
$220.5K – $294.1K
NOI $17,643 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$231.5K
$202.5K – $270.1K
NOI $16,203 @ 7.0% cap · market cap 4.06%
Theoretical Best
Healthcare Medical
$348.7K
$305.1K – $406.9K
NOI $24,411 @ 7.0% cap · market cap 6.12%
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
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 37363, TN
41,120
Population
16,584
Households
2.5
Avg Household Size
41
Median Age
43%
College-Educated
93%
High-School Grad
60.1 sq mi
ZIP Area
684
Density / Sq Mi
$94,873
Median Household Income
$50,180
Median Earnings
$1,495
Median Rent
$349,600
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 residences combine updated interiors, private entrances, outdoor space, and garage parking in Collegedale.
Where is this duplex located?
The property is located at 4313 Katie Kim Lane Collegedale, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,100 square feet total; Main residence includes 3 bedrooms, 2 baths, and 1,200 square feet; Basement residence includes 2 bedrooms, 1 bath, and 900 square feet
