Duplex with Updated Water
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 Market47
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 2, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 4
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
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Carpet, Vinyl
Roof type
Shingle
Listing Agency:
Zach Taylor - Chattanooga
(855) 261-2233
Listed By:
Heidi Rau · License #337555
(423) 987-8018
Added: Sep 14
Changed: Oct 22
Last Checked: Oct 30 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains 2,304 square feet across two units on a 0.36-acre lot in Hixson, Tennessee. One unit is vacant and the other is occupied by a long-term tenant. Water heaters were replaced in 2025.
Interior features include central electric heating and air conditioning, and the units are equipped with refrigerators, free-standing electric ovens, and dishwashers. Vinyl, carpet, and linoleum flooring are present. Outdoor features include a deck and porch. Public water and sewer serve the property, with off-street parking.
Interior features include central electric heating and air conditioning, and the units are equipped with refrigerators, free-standing electric ovens, and dishwashers. Vinyl, carpet, and linoleum flooring are present. Outdoor features include a deck and porch. Public water and sewer serve the property, with off-street parking.
Key Highlights
- 2,304 square feet on a 0.36‑acre lot
- Duplex built in 1986
- One unit vacant; the other has a long‑term tenant
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
56
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 - One residence is vacant, while the other has a long-term tenant in place.
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 feet on a 0.36‑acre lot; Duplex built in 1986; One unit vacant; the other has a long‑term tenant
