Duplex with Off-Street
New
For Sale
$324,900
4933 Lavender Trail, Hixson, TN 37343
Residential Income, Hixson, TN
Property Size2,304 SF
Lot Size0.36 Acres
Price / SF$141.02
Days on Market1
Property Features for 4933 Lavender Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 3
Parking features
Off Street
Window features
Vinyl Frames
Patio and Porch features
Porch, Deck
Appliances
Refrigerator, Free-Standing Electric Oven, Dishwasher
Lot features
Gentle Sloping, Level
Elementary school
Alpine Crest Elementary
Middle school
Red Bank Middle
High school
Red Bank High School
Directions
Hwy 153 to Gadd Rd. Left on Delashmitt. Left on Waterford. Left on Lavender Tr.
Subdivision
Chattanooga
Standard status
Active
APN
109c J 004.19
Size
2,304 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Description
Lt 19 Waterford Planned Ut Dev 41 -104 Rev 41-174 Out Of 109C-J-4 Fo R 1986
Tax Annual Amount
3176
Legal Description
Lt 19 Waterford Planned Ut Dev 41 -104 Rev 41-174 Out Of 109C-J-4 Fo R 1986
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Linoleum
Roof type
Shingle
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Added: Sep 14
Last Checked: Sep 14 at 10:06PM
MLS# 1542771
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 two-unit residential property in Hixson includes 2,304 square feet on a 0.36-acre lot. The layout includes four bedrooms and four bathrooms, with carpet, vinyl, and linoleum flooring throughout the units. Interior features include refrigerators, free-standing electric ovens, and dishwashers. Heating and cooling are provided by central electric systems, while exterior amenities include a porch, deck, and off-street parking.
One unit is currently vacant and available for viewing before contract. The second unit is leased to a long-term tenant, with access to that occupied unit restricted until a binding contract is in place. Public water and sewer serve the property, which was built in 1986 and has a shingle roof. Water heaters were replaced in 2025.
One unit is currently vacant and available for viewing before contract. The second unit is leased to a long-term tenant, with access to that occupied unit restricted until a binding contract is in place. Public water and sewer serve the property, which was built in 1986 and has a shingle roof. Water heaters were replaced in 2025.
Key Highlights
- 2,304‑square‑foot duplex on a 0.36‑acre lot
- One unit vacant; second unit occupied by a long‑term tenant
- Four bedrooms and four bathrooms
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
$19,357
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
5.96%
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%
$387,140
$387.1K
Cap Rate 7%
$276,529
$276.5K
Cap Rate 9%
$215,078
$215.1K
Market Conditions
NOI Build-Up for 2,304 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
$31.2K $13.56/SF
− Vacancy
−$3.6K −$1.56/SF
EGI
$27.7K $12.00/SF
− OpEx
−$8.3K −$3.60/SF
NOI
$19.4K $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 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%
$387,140
Cap Rate 7%
$276,529
Cap Rate 9%
$215,078
Alternative Uses
Best Use
Multifamily LT 5
$276.5K
$242.0K – $322.6K
NOI $19,357 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$254.0K
$222.2K – $296.3K
NOI $17,777 @ 7.0% cap · market cap 5.47%
Theoretical Best
Healthcare Medical
$382.6K
$334.8K – $446.4K
NOI $26,782 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is vacant, while the other is occupied by a long-term tenant.
Where is this duplex located?
The property is located at 4933 Lavender Trail Hixson, TN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,304‑square‑foot duplex on a 0.36‑acre lot; One unit vacant; second unit occupied by a long‑term tenant; Four bedrooms and four bathrooms
