4-Unit Quadplex with Separate
4411 Alabama Avenue, Chattanooga, TN 37409
For Sale
$699,000
Each residence has its own HVAC system and separate utility metering, with shared laundry and rear parking on site.
Property Size3,313 SF
Price / SF$210.99
Days on Market285
Property Features for 4411 Alabama Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
laundry room
small patio area for grilling
bicycle storage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Realty
Listed By:
Jay Robinson · License #TN255994
(423) 903-6404
Source:
Thegideongrouprealty
Added: Jan 27
Changed: Nov 7
Last Checked: Nov 7 at 12:42PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 3,313-square-foot quadplex, built in 1900, contains four one-bedroom, one-bathroom residences arranged two per floor. Unit layouts differ, and each includes a kitchen, living room, bedroom, and full bath. Individual HVAC systems and separate metering serve each residence. The property also has a shared laundry room, rear parking area, and small patio. The roof and gutters were replaced in April 2022. Two units are vacant; the other two are occupied.
Located at 4411 Alabama Avenue in Chattanooga’s Saint Elmo area, the property is approximately 10 minutes from downtown Chattanooga. It is zoned RN 1-5. Alternative use as an owner-occupied short-term vacation rental or bed and breakfast is identified as subject to proper permitting.
Located at 4411 Alabama Avenue in Chattanooga’s Saint Elmo area, the property is approximately 10 minutes from downtown Chattanooga. It is zoned RN 1-5. Alternative use as an owner-occupied short-term vacation rental or bed and breakfast is identified as subject to proper permitting.
Key Highlights
- Four one‑bedroom, one‑bathroom units in a 3,313‑square‑foot building
- Each residence has an individual HVAC system and separate metering
- Two units are vacant; two are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,525
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,500
$650.5K
Cap Rate 7%
$464,643
$464.6K
Cap Rate 9%
$361,389
$361.4K
Market Conditions
NOI Build-Up for 3,313 SF
Gross rent
$49.7K $15.00/SF
− Vacancy
−$3.2K −$0.98/SF
EGI
$46.5K $14.03/SF
− OpEx
−$13.9K −$4.21/SF
NOI
$32.5K $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%
$650,500
Cap Rate 7%
$464,643
Cap Rate 9%
$361,389
Alternative Uses
Best Use
Multifamily LT 5
$464.6K
$406.6K – $542.1K
NOI $32,525 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,186 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$731.7K
$640.2K – $853.6K
NOI $51,218 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
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Business Placement
Demographics for 37409, TN
2,791
Population
1,719
Households
1.6
Avg Household Size
37
Median Age
55%
College-Educated
95%
High-School Grad
4.4 sq mi
ZIP Area
634
Density / Sq Mi
$75,076
Median Household Income
$41,479
Median Earnings
$1,138
Median Rent
$245,900
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?
Quadplex - Each residence has its own HVAC system and separate utility metering, with shared laundry and rear parking on site.
Where is this quadplex located?
The property is located at 4411 Alabama Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units in a 3,313‑square‑foot building; Each residence has an individual HVAC system and separate metering; Two units are vacant; two are occupied
