Updated Side-by-Side
New
For Sale
$334,900
4792 Forest Wood Lane, Hixson, TN 37343
Two separate residences include rear-entry garages, a shared paved parking area, and a lower-level bonus room with a brick fireplace.
Property Size2,620 SF
Price / SF$127.82
Days on Market4
Property Features for 4792 Forest Wood Lane
General Information
Standard status
Active
Size
2,620 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,175
Building Details
Building Size
2,620 SF
Year Built
1971
Listing Agency:
RealSmart
Listed By:
Ben Van Gaasbeek · License #325574
(619) 995-4700
Source:
Gracefrankgroup
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 2:56PM
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 RealSmart
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Investment Insights
Based on property information with market context.
This side-by-side duplex in Hixson’s Forest Dale subdivision contains approximately 2,620 total square feet, according to tax records. The property was built in 1971 and has received updates over the past five years. Each unit has its own entrance, a living room with large windows, wood-look flooring, and an eat-in kitchen with white Shaker-style cabinets and ample counter space. A lower-level bonus room with a painted brick fireplace adds further interior space, and two garages are accessed from the rear. Mature trees frame the outdoor setting.
Key Highlights
- Approximately 2,620 total square feet per tax records
- Side‑by‑side duplex with separate entrances
- Updated over the past five years; built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,012
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,240
$440.2K
Cap Rate 7%
$314,457
$314.5K
Cap Rate 9%
$244,578
$244.6K
Market Conditions
NOI Build-Up for 2,620 SF
Gross rent
$35.5K $13.56/SF
− Vacancy
−$4.1K −$1.56/SF
EGI
$31.4K $12.00/SF
− OpEx
−$9.4K −$3.60/SF
NOI
$22.0K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,240
Cap Rate 7%
$314,457
Cap Rate 9%
$244,578
Alternative Uses
Best Use
Multifamily LT 5
$314.5K
$275.2K – $366.9K
NOI $22,012 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,216 @ 7.0% cap · market cap 6.04%
Theoretical Best
Healthcare Medical
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include rear-entry garages, a shared paved parking area, and a lower-level bonus room with a brick fireplace.
Where is this duplex located?
The property is located at 4792 Forest Wood Lane Hixson, TN.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Approximately 2,620 total square feet per tax records; Side‑by‑side duplex with separate entrances; Updated over the past five years; built in 1971
