Remodeled
For Sale
$254,900
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 Market68
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
Listed By:
Eddie Bodkin · License #331596
(423) 665-7355
Source:
Gracefrankgroup
Added: Aug 7
Changed: Oct 13
Last Checked: Oct 13 at 12:18AM
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 / Yr
$19,527
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
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
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 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 7.66%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$439.3K
$384.4K – $512.5K
NOI $30,750 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
Check the figures for this property
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-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 $254,900.
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
