Chattanooga Duplex with Rental
For Sale
$300,000
5006 Marylin Lane, Chattanooga, TN 37411
Duplex in Chattanooga with strong rental demand and convenient location.
Property Size2,128 SF
Price / SF$140.98
Days on Market394
Property Features for 5006 Marylin Lane
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Duplex
Amenities
Central
Central Air
Microwave
Freezer
Free-Standing Refrigerator
Free-Standing Range
Patio, Porch, Asphalt, Shingle
Building Details
Building Size
2,128 SF
Year Built
1983
Listing Agency:
Keller Williams Realty
Listed By:
Simeon Hinchman · License #375181
(423) 883-1282
Source:
Kw
Added: Aug 22, 2025
Changed: Sep 14
Last Checked: Sep 18 at 11:26AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$20,892
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
6.96%
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%
$417,840
$417.8K
Cap Rate 7%
$298,457
$298.5K
Cap Rate 9%
$232,133
$232.1K
Market Conditions
NOI Build-Up for 2,128 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
$31.9K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.8K $14.03/SF
− OpEx
−$9.0K −$4.21/SF
NOI
$20.9K $9.82/SF
Area
Chattanooga, TN
Vacancy
6.50%
Lease Rate
$15.00 /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%
$417,840
Cap Rate 7%
$298,457
Cap Rate 9%
$232,133
Alternative Uses
Best Use
Multifamily LT 5
$298.5K
$261.2K – $348.2K
NOI $20,892 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$267.8K
$234.3K – $312.5K
NOI $18,747 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$470.0K
$411.2K – $548.3K
NOI $32,899 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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.
