2-Unit Duplex with Updated Water
For Sale
$324,900
4933 Lavender Trl, Hixson, TN 37343
Two-unit residential income property with one available unit and an established tenant in the other.
Property Size2,304 SF
Price / SF$141.02
Days on Market62
Property Features for 4933 Lavender Trl
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Year Built
1986
Listing Agency:
Zach Taylor - Chattanooga
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Source:
Viewchattanoogaproperties
Added: Sep 3
Changed: Nov 1
Last Checked: Nov 3 at 7:17AM
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
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Investment Insights
Based on property information with market context.
This 2-unit duplex contains 2,304 square feet and was built in 1986. The property includes one vacant unit that can be viewed before contract, while the second unit is occupied by a long-term tenant. Water heaters were replaced in 2025.
Located in Hixson, Tennessee, the property is situated at 4933 Lavender Trl. Interior access to the occupied unit is restricted until a binding contract is in place; pre-recorded video tours and property financials are available through the listing agent.
Located in Hixson, Tennessee, the property is situated at 4933 Lavender Trl. Interior access to the occupied unit is restricted until a binding contract is in place; pre-recorded video tours and property financials are available through the listing agent.
Key Highlights
- 2,304‑square‑foot duplex built in 1986
- One unit is vacant and the second has a long‑term tenant
- Water heaters replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,357
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
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-unit residential income property with one available unit and an established tenant in the other.
Where is this duplex located?
The property is located at 4933 Lavender Trl 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 built in 1986; One unit is vacant and the second has a long‑term tenant; Water heaters replaced in 2025
