Brick Duplex
For Sale
$267,900
4519 Rogers Road, Chattanooga, TN 37411
Two adjacent brick duplexes include renovated vacant units and tenant-paid utilities.
Property Size1,884 SF
Days on Market8
Property Features for 4519 Rogers Road
General Information
Standard status
Active
Size
1,884 SF
Property subtype
Duplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,092
Building Details
Building Size
1,884 SF
Year Built
1965
Buildings
2
Construction
brick
Listing Agency:
Auben Realty
(980) 242-6027
Listed By:
Jason Weathers · License #351637
(980) 242-6027
Source:
Gracefrankgroup
Added: Aug 4
Changed: Aug 8
Last Checked: Aug 10 at 9:27AM
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
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 = 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
$18,496
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
6.90%
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%
$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
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
$28.3K $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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
402
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 adjacent brick duplexes include renovated vacant units and tenant-paid utilities.
Where is this duplex located?
The property is located at 4519 Rogers Road 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
