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Chattanooga Duplex with Rental Potential

5006 Marylin Lane, Chattanooga, TN 37411

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For Sale

$300,000

Duplex in Chattanooga with strong rental demand and convenient location.

Type:Duplex

Property size:

2,128 SF

Price / SF:

$140/SF

HighLights

Duplex with strong rental income potential in a high‑demand area.
2,128 sq ft with 4 beds/2 baths (2 beds/1 bath per unit).
Freshly renovated unit allows for flexible use: rent both or live in one and rent the other.
Convenient location near Brainerd with easy access to downtown, schools, and transit.
Opportunity to purchase adjacent units (5007 Marylin Ln, 5009 Marylin Ln) as a package.
Built in 1983

We can help!

Listing Contact

Simeon Hinchman

For Sale

$300,000

Duplex in Chattanooga with strong rental demand and convenient location.

Type:Duplex

Property size:

2,128 SF

Price / SF:

$140/SF

Added:: Aug 22, 2025
Days on Market:: 297
Last Refresh:: May 19 at 9:22 pm

Property Features for 5006 Marylin Lane

General Information

Standard status: Active
Size: 2,128 SF
Property subtype: Duplex

Building Details

Year Built: 1983

We can help!

Listing Contact

Simeon Hinchman

Listing agent Simeon Hinchman License #375181

Listing office Keller Williams Realty

Listing date Aug 22, 2025

Source Kw

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 Keller Williams Realty

HighLights

Duplex with strong rental income potential in a high‑demand area.
2,128 sq ft with 4 beds/2 baths (2 beds/1 bath per unit).
Freshly renovated unit allows for flexible use: rent both or live in one and rent the other.
Convenient location near Brainerd with easy access to downtown, schools, and transit.
Opportunity to purchase adjacent units (5007 Marylin Ln, 5009 Marylin Ln) as a package.
Built in 1983

Overview

This duplex, located in Chattanooga's 37411 zip code, offers a total of 4 bedrooms and 2 bathrooms within its 2,128 square feet. The property is configured as a duplex, with each side featuring 2 bedrooms and 1 bathroom. The layout is designed to maximize rental income. The property is conveniently located near Brainerd, providing easy access to downtown, schools, and transit options. The area experiences strong rental demand, making this property a potential addition to an investor's portfolio. One unit has been freshly renovated, offering the option for an owner to rent both units or reside in one side while renting out the other for optimized cash flow. The property can be sold individually or as a package with adjacent units located at 5007 Marylin Ln and 5009 Marylin Ln.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.9k	$15.00
− Vacancy	−$2.1k	−$0.98
EGI	$29.8k	$14.03
− OpEx	−$9.0k	−$4.21
NOI	$20.9k	$9.82

2,128 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$298.5K

$261.2K – $348.2K (±1% cap)

NOI $20,892 @ 7.0% cap · market cap 6.96%

Second Best

Apartment 5plus

$267.8K

$234.3K – $312.5K (±1% cap)

NOI $18,747 @ 7.0% cap · market cap 6.25%

Theoretical Best

Office A

$470.0K

$411.2K – $548.3K (±1% cap)

NOI $32,899 @ 7.0% cap · market cap 10.97%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Chattanooga
County: Hamilton
State: Tennessee
Longitude: -85.2185
Latitude: 35.0233

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For sale
Duplexes
TN
Chattanooga
37411
5006 Marylin Lane

What type of property is this?

Duplex - Duplex in Chattanooga with strong rental demand and convenient location.

Where is this duplex located?

The property is located at 5006 Marylin Lane Chattanooga, TN.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: Duplex with strong rental income potential in a high‑demand area.; 2,128 sq ft with 4 beds/2 baths (2 beds/1 bath per unit).; **Freshly renovated unit allows for flexible use:** rent both or live in one and rent the other.