Brick Duplex
4519 Rogers Rd, Chattanooga, TN 37411
For Sale
$267,900
Two adjacent brick duplexes include renovated vacant units and tenant-paid utilities.
Property Size1,884 SF
Price / SF$142.20
Days on Market98
Property Features for 4519 Rogers Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
Auben Realty
Listed By:
Jason Weathers · License TN #351637
(980) 242-6027
Source:
Weathersbeerealty
Added: Aug 4
Changed: Nov 9
Last Checked: Oct 7 at 1:37PM
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 Auben Realty
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Investment Insights
Based on property information with market context.
This offering comprises two side-by-side brick duplexes at 4517 and 4519 Rogers Road in Chattanooga. Each property contains one occupied unit and one vacant unit that has recently undergone renovation. The buildings date to 1965, providing a defined residential income configuration with leasing space available in both duplexes. Tenants are responsible for all utilities, and the properties have maintained rental history over the past five years.
Capital work includes roof replacements completed in 2019, an HVAC replacement in 2022, and a second HVAC replacement in 2026 with new ductwork. The two duplexes are being offered together as a package, with the renovated units positioned for occupancy or leasing.
Capital work includes roof replacements completed in 2019, an HVAC replacement in 2022, and a second HVAC replacement in 2026 with new ductwork. The two duplexes are being offered together as a package, with the renovated units positioned for occupancy or leasing.
Key Highlights
- Two side‑by‑side brick duplexes at 4517 and 4519 Rogers Road
- Each duplex has one occupied unit and one recently renovated vacant unit
- New roofs installed on both duplexes in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,496
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,920
$369.9K
Cap Rate 7%
$264,229
$264.2K
Cap Rate 9%
$205,511
$205.5K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$28.3K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$26.4K $14.03/SF
− OpEx
−$7.9K −$4.21/SF
NOI
$18.5K $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%
$369,920
Cap Rate 7%
$264,229
Cap Rate 9%
$205,511
Alternative Uses
Best Use
Multifamily LT 5
$264.2K
$231.2K – $308.3K
NOI $18,496 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$237.1K
$207.5K – $276.6K
NOI $16,597 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,126 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
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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
$216,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Chattanooga, TN
Properties on Market for Duplexes in Chattanooga
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two adjacent brick duplexes include renovated vacant units and tenant-paid utilities.
Where is this duplex located?
The property is located at 4519 Rogers Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $267,900.
What are key features of this property?
This property features: Two side‑by‑side brick duplexes at 4517 and 4519 Rogers Road; Each duplex has one occupied unit and one recently renovated vacant unit; New roofs installed on both duplexes in 2019
