Duplex with Remodeled
For Sale
$259,000
4729 Rogers Road, Chattanooga, TN 37411
Residential Income, Chattanooga, TN
Property Size1,989 SF
Lot Size0.23 Acres
Price / SF$130.22
Days on Market51
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 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
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, Dishwasher
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
Ceiling, Radiant, Radiant Ceiling, Ductless (Heating), Electric (Heating)
Cooling system
Window Unit(s), Ductless, 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: Sep 23
Last Checked: Sep 25 at 8:06PM
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 duplex at 4729 Rogers Road in Chattanooga contains 1,989 square feet on a 0.23-acre lot. Both units offer two bedrooms and one bathroom. The vacant left unit has updated cabinets, granite countertops, a dishwasher, electric range, mini-split heating and cooling, new doors and trim, LVP flooring, a vanity, and fresh paint. The right unit also has mini-split heating and cooling and is currently rented.
Built in 1960, the property features brick construction, a shingle roof, vinyl flooring, storage space, driveway and off-street parking, public water, and public sewer. Interior features include eat-in kitchens and tub/shower combinations, while listed appliances include refrigerators, exhaust fans, electric ranges, and dishwashers.
Built in 1960, the property features brick construction, a shingle roof, vinyl flooring, storage space, driveway and off-street parking, public water, and public sewer. Interior features include eat-in kitchens and tub/shower combinations, while listed appliances include refrigerators, exhaust fans, electric ranges, and dishwashers.
Key Highlights
- Two‑unit duplex with both residences offering 2 bedrooms and 1 bathroom
- 1,989 square feet on a 0.23‑acre lot
- Left unit remodeled with granite counters, LVP flooring, updated fixtures, and mini‑split HVAC
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
7.54%
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 7.54%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.0K
NOI $17,522 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$439.3K
$384.4K – $512.5K
NOI $30,750 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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 - One unit has been remodeled and is currently vacant for showings.
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 $259,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences offering 2 bedrooms and 1 bathroom; 1,989 square feet on a 0.23‑acre lot; Left unit remodeled with granite counters, LVP flooring, updated fixtures, and mini‑split HVAC
