Remodeled
For Sale
$264,000
4729 Rogers Road, Chattanooga, TN 37411
Two-unit residential property with one refreshed apartment available for occupancy and a second unit currently leased.
Property Size1,989 SF
Days on Market23
Property Features for 4729 Rogers Road
General Information
Standard status
Active
Size
1,989 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,092
Building Details
Building Size
1,989 SF
Year Built
1960
Buildings
1
Listing Agency:
Zach Taylor - Chattanooga
(423) 665-7355
Listed By:
Eddie Bodkin · License #331596
(423) 665-7355
Source:
Gracefrankgroup
Added: Aug 7
Changed: Aug 28
Last Checked: Aug 28 at 3:37PM
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 Zach Taylor - Chattanooga
Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains two residential units, each configured with two bedrooms and one bathroom. One apartment is vacant and recently updated with new cabinetry, granite countertops, a dishwasher, stove, interior doors and trim, LVP flooring, a vanity, and fresh paint. The second unit is occupied by a tenant.
The property is located on Rogers Road in Chattanooga, with downtown Chattanooga and a range of restaurants, retail, and entertainment venues nearby. The vacant unit provides access for showings and offers flexibility for an owner occupant or continued rental use.
The property is located on Rogers Road in Chattanooga, with downtown Chattanooga and a range of restaurants, retail, and entertainment venues nearby. The vacant unit provides access for showings and offers flexibility for an owner occupant or continued rental use.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per unit
- Vacant unit recently updated with cabinets, granite counters, appliances, LVP flooring, vanity, doors, trim, and paint
- Second apartment is occupied by a tenant
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
$19,527
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
7.40%
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%
$390,540
$390.5K
Cap Rate 7%
$278,957
$279.0K
Cap Rate 9%
$216,967
$217.0K
Market Conditions
NOI Build-Up for 1,989 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
$29.8K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.9K $14.03/SF
− OpEx
−$8.4K −$4.21/SF
NOI
$19.5K $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%
$390,540
Cap Rate 7%
$278,957
Cap Rate 9%
$216,967
Alternative Uses
Best Use
Multifamily LT 5
$279.0K
$244.1K – $325.5K
NOI $19,527 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$439.3K
$384.4K – $512.5K
NOI $30,750 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
86
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-unit residential property with one refreshed apartment available for occupancy and a second unit currently leased.
Where is this duplex located?
The property is located at 4729 Rogers Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom per unit; Vacant unit recently updated with cabinets, granite counters, appliances, LVP flooring, vanity, doors, trim, and paint; Second apartment is occupied by a tenant
