Updated Duplex with Mini-Split
For Sale
$229,000
4607 Highland Avenue A & B, Chattanooga, TN 37410
Two-bedroom units feature refreshed finishes, modern HVAC systems, and upgraded windows and porch railings.
Property Size1,456 SF
Price / SF$157.28
Days on Market28
Property Features for 4607 Highland Avenue A & B
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
Veridical Realty, LLC
Listed By:
Kristy Clements · License #339386
(423) 313-6068
Source:
Weathersbeerealty
Added: Sep 10
Changed: Oct 3
Last Checked: Oct 7 at 2:15PM
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 Veridical Realty, LLC
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each offering 2 bedrooms and 1 full bath. The 1,456-square-foot property was built in 1940 and has received updates including new flooring, windows, interior and exterior paint, and porch railings. Each side is equipped with 3 new mini-split HVAC units, providing dedicated climate-control equipment for both residences.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,456 square feet built in 1940
- 3 new mini‑split HVAC units on each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,294
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,880
$285.9K
Cap Rate 7%
$204,200
$204.2K
Cap Rate 9%
$158,822
$158.8K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$21.8K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$20.4K $14.03/SF
− OpEx
−$6.1K −$4.21/SF
NOI
$14.3K $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%
$285,880
Cap Rate 7%
$204,200
Cap Rate 9%
$158,822
Alternative Uses
Best Use
Multifamily LT 5
$204.2K
$178.7K – $238.2K
NOI $14,294 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$183.2K
$160.3K – $213.8K
NOI $12,827 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$321.6K
$281.4K – $375.2K
NOI $22,510 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 37410, TN
4,082
Population
1,893
Households
2.2
Avg Household Size
33
Median Age
10%
College-Educated
65%
High-School Grad
3.0 sq mi
ZIP Area
1,361
Density / Sq Mi
$22,127
Median Household Income
$28,967
Median Earnings
$695
Median Rent
$133,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature refreshed finishes, modern HVAC systems, and upgraded windows and porch railings.
Where is this duplex located?
The property is located at 4607 Highland Avenue A & B Chattanooga, TN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,456 square feet built in 1940; 3 new mini‑split HVAC units on each side
