Brick Duplex with Occupied
New
For Sale
$295,000
5024 Brogden Trail, Chattanooga, TN 37416
Residential Income, Chattanooga, TN
Property Size1,435 SF
Lot Size0.26 Acres
Price / SF$205.57
Days on Market1
Property Features for 5024 Brogden 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, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Appliances
Water Heater, Refrigerator, Free-Standing Electric Range, ENERGY STAR Qualified Water Heater
Subdivision
Washington Hills
Elementary school
Harrison Elementary
Middle school
Brown Middle
High school
Central High School
Directions
Off State Hwy 153, take the Jersey Pike exit, turn right, take the 1st roundabout exit onto Oakwood, turn left on Hancock, turn right on Upshaw, left on Renezet, right on Delaine Ln, right on Brogden Trail, it's the first duplex on the left side.
Standard status
Active
APN
129e C 034.01
Size
1,435 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
Lt 3A First Baptist Church Of Washi Ngton Hills Sub Pb 123 Pg 7
Tax Annual Amount
3705
Legal Description
Lt 3A First Baptist Church Of Washi Ngton Hills Sub Pb 123 Pg 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Anita Askew Brogden · License #TN369320
(404) 429-7340
Added: Sep 4
Last Checked: Sep 4 at 4:06PM
MLS# 1542206
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.
Investment Insights
Based on property information with market context.
This 1,435-square-foot duplex sits on 0.26 acres and contains two residential units, each with two bedrooms and a functional rental layout. Four-sided brick construction, shingle roofing, vinyl and ceramic tile flooring, central heating, and central air contribute to the property’s durable operating profile. Public water and public sewer serve the building, and appliances include refrigerators, free-standing electric ranges, and water heaters.
Both units are occupied under leases extending through July 2027. HVAC systems for each side were replaced in October 2024, while both water heaters were replaced in July 2025. The property is located in Chattanooga near Hwy 153, with access to Hixson, Northgate, Hamilton Place/Gunbarrel, downtown Chattanooga, Volkswagen Chattanooga, Amazon Fulfillment Center, and McKee Foods. Chickamauga Dam and the Tennessee Riverwalk are also nearby.
Both units are occupied under leases extending through July 2027. HVAC systems for each side were replaced in October 2024, while both water heaters were replaced in July 2025. The property is located in Chattanooga near Hwy 153, with access to Hixson, Northgate, Hamilton Place/Gunbarrel, downtown Chattanooga, Volkswagen Chattanooga, Amazon Fulfillment Center, and McKee Foods. Chickamauga Dam and the Tennessee Riverwalk are also nearby.
Key Highlights
- Two‑unit duplex with 1,435 square feet on a 0.26‑acre lot
- Both residences occupied with leases extending through July 2027
- Each unit includes 2 bedrooms
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
$14,088
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
4.78%
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%
$281,760
$281.8K
Cap Rate 7%
$201,257
$201.3K
Cap Rate 9%
$156,533
$156.5K
Market Conditions
NOI Build-Up for 1,435 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
$21.5K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$20.1K $14.03/SF
− OpEx
−$6.0K −$4.21/SF
NOI
$14.1K $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%
$281,760
Cap Rate 7%
$201,257
Cap Rate 9%
$156,533
Alternative Uses
Best Use
Multifamily LT 5
$201.3K
$176.1K – $234.8K
NOI $14,088 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,642 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$316.9K
$277.3K – $369.8K
NOI $22,185 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences offer established occupancy, updated mechanical systems, and public water and sewer service.
Where is this duplex located?
The property is located at 5024 Brogden Trail Chattanooga, TN.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,435 square feet on a 0.26‑acre lot; Both residences occupied with leases extending through July 2027; Each unit includes 2 bedrooms
