Partially Vacated
4675 University Drive Collegedale, TN 37363
For Sale
$415,000
MULTI_FAMILY - Collegedale, TN
Property Size1,755 SF
Lot Size0.51 Acres
Price / SF$236.47
Days on Market41
Property Features for 4675 University Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3
Parking features
Driveway
Window features
Vinyl Frames
Patio and Porch features
Porch
Interior features
Open Floorplan, Recessed Lighting, Storage
Basement
Finished
Appliances
Washer/Dryer Stacked, Washer/Dryer, Refrigerator, Microwave, Instant Hot Water, Gas Water Heater, Free-Standing Refrigerator, Free-Standing Electric Range, ENERGY STAR Qualified Water Heater, Electric Range, Electric Oven, Dishwasher
Standard status
Active
APN
151h A 019
Size
1,755 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Description
Pt Sw 1/4 Sec 27 Twp 4 R 2 3197 01 06
Tax Annual Amount
2001
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Varies by Unit, Ceiling Fan(s), Ductless, Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
3
Flooring type
Varies, Hardwood, Tile
Building materials
Vinyl Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Veronica Ramirez · License #TN310171
(706) 537-6199
Added: Jun 19
Changed: Jul 28
Last Checked: Jul 29 at 3:06PM
MLS# 1537190
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 triplex offers income-producing flexibility and has been partially vacated in preparation for sale. A temporary guest is currently staying in the main unit through Furnished Finders.
The property is located at 4675 University Drive in Collegedale, Tennessee (Hamilton County). The lot size is 0.51 acres, and the building size is 1,755 square feet.
With portions already cleared for the next owner, the layout provides room to move forward with new plans while maintaining the existing structure as a multi-unit investment asset.
The property is located at 4675 University Drive in Collegedale, Tennessee (Hamilton County). The lot size is 0.51 acres, and the building size is 1,755 square feet.
With portions already cleared for the next owner, the layout provides room to move forward with new plans while maintaining the existing structure as a multi-unit investment asset.
Key Highlights
- Year built 1940 with metal roof and vinyl siding
- Open floorplan with recessed lighting and storage
- Central and ductless heating/cooling with ceiling fans
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $13.56 |
| − Vacancy | −$2.7k | −$1.56 |
| EGI | $21.1k | $12.00 |
| − OpEx | −$6.3k | −$3.60 |
| NOI | $14.7k | $8.40 |
1,755 SF · lease $13.56/SF/yr · vacancy 11.49% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.6K
$184.3K – $245.7K
NOI $14,744 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$193.4K
$169.3K – $225.7K
NOI $13,541 @ 7.0% cap · market cap 3.26%
Theoretical Best
Healthcare Medical
$291.4K
$255.0K – $340.0K
NOI $20,401 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Partially vacated triplex for sale on University Drive, with a temporary guest in the main unit.
Where is this triplex located?
The property is located at 4675 University Drive Collegedale, TN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Year built 1940 with metal roof and vinyl siding; Open floorplan with recessed lighting and storage; Central and ductless heating/cooling with ceiling fans
