Duplex with Remodeled
New
For Sale
$264,000
4729 Rogers Road, Chattanooga, TN 37411
MULTI_FAMILY - Chattanooga, TN
Property Size1,989 SF
Lot Size0.23 Acres
Price / SF$132.73
Days on Market3
Property Features for 4729 Rogers Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway, Off Street
Window features
Aluminum Frames
Interior features
Eat-in Kitchen, Tub/shower Combo
Exterior features
Storage
Appliances
Refrigerator, Exhaust Fan, Electric Range
Elementary school
Woodmore Elementary
Middle school
Dalewood Middle
High school
Brainerd High
Subdivision
Chattanooga
Standard status
Active
APN
157c B 031
Size
1,989 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lt 10 Pt 11 Blk 8 Forest Place Pb 8 Pg 14
Tax Annual Amount
3093
Legal Description
Lt 10 Pt 11 Blk 8 Forest Place Pb 8 Pg 14
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Ceiling, Radiant Ceiling, Ductless (Heating), Electric (Heating)
Cooling system
Ductless, Window Unit(s), Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Eddie Bodkin · License #331596
(423) 665-7355
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 2:06AM
MLS# 1540312
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 1,989-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The 1960 brick property sits on 0.23 acres and includes vinyl flooring, shingle roofing, storage, driveway parking, and additional off-street parking. Public water and public sewer serve the building, with electric heating and cooling systems in place.
The left residence is vacant and has received substantial interior updates, including cabinetry, granite countertops, a dishwasher, an electric range, doors, trim, LVP flooring, a vanity, and fresh paint. The right residence is currently rented. Both units include eat-in kitchens and tub/shower combinations, while refrigerators and exhaust fans are among the listed appliances. The property is located in Chattanooga near downtown, restaurants, shopping, and entertainment.
The left residence is vacant and has received substantial interior updates, including cabinetry, granite countertops, a dishwasher, an electric range, doors, trim, LVP flooring, a vanity, and fresh paint. The right residence is currently rented. Both units include eat-in kitchens and tub/shower combinations, while refrigerators and exhaust fans are among the listed appliances. The property is located in Chattanooga near downtown, restaurants, shopping, and entertainment.
Key Highlights
- 1,989‑square‑foot duplex on 0.23 acres
- Two 2‑bedroom, 1‑bath residences
- Left unit remodeled with cabinets, granite counters, LVP flooring, vanity, doors, trim, and paint
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
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-bedroom residences include eat-in kitchens, public utilities, storage, and off-street parking.
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: 1,989‑square‑foot duplex on 0.23 acres; Two 2‑bedroom, 1‑bath residences; Left unit remodeled with cabinets, granite counters, LVP flooring, vanity, doors, trim, and paint
