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 Market348
Property Features for 5006 Marylin Lane
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Duplex
Building Details
Year Built
1983
Listing Agency:
Keller Williams Realty
(423) 883-1282
Listed By:
Simeon Hinchman · License #375181
(423) 883-1282
Source:
Kw
Added: Aug 22, 2025
Changed: Jul 6
Last Checked: Aug 4 at 2:27PM
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
