Updated Duplex with Expansive
For Sale
$314,900
5105 N Moore Lane, Chattanooga, TN 37411
Two updated units provide separate laundry rooms, granite countertops, newer appliances, ample parking, and shared outdoor space.
Property Size2,020 SF
Days on Market11
Property Features for 5105 N Moore Lane
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,933
Building Details
Building Size
2,020 SF
Year Built
1985
Buildings
1
Listing Agency:
Keller Williams Realty
(706) 217-8133
Listed By:
Jake Kellerhals · License #325426
(706) 217-8133
Source:
Gracefrankgroup
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 8:35AM
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.
Built in 1985, this duplex contains two residential units, each with 2 bedrooms, 1 full bath, a dedicated laundry room, and parking for multiple vehicles. Both units include granite countertops and newer appliances installed during 2024-2025, including dishwashers, refrigerators with built-in ice makers, and stoves. An expansive backyard adds outdoor space to the property.
Unit A includes laminate flooring throughout, an updated water heater installed in 2022, a refreshed bathroom vanity and sink, a new toilet, updated kitchen and bathroom lighting, a primary-bedroom ceiling fan, and freshly painted kitchen cabinets. Unit B has an updated stove hood and a newly installed HVAC system with gas heat added in 2024. The property is approximately 10 minutes from downtown Chattanooga.
Unit A includes laminate flooring throughout, an updated water heater installed in 2022, a refreshed bathroom vanity and sink, a new toilet, updated kitchen and bathroom lighting, a primary-bedroom ceiling fan, and freshly painted kitchen cabinets. Unit B has an updated stove hood and a newly installed HVAC system with gas heat added in 2024. The property is approximately 10 minutes from downtown Chattanooga.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath per unit
- Each unit includes a dedicated laundry room and parking for multiple vehicles
- Granite countertops and newer appliances installed during 2024‑2025
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
$19,831
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
6.30%
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%
$396,620
$396.6K
Cap Rate 7%
$283,300
$283.3K
Cap Rate 9%
$220,344
$220.3K
Market Conditions
NOI Build-Up for 2,020 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
$30.3K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.3K $14.03/SF
− OpEx
−$8.5K −$4.21/SF
NOI
$19.8K $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%
$396,620
Cap Rate 7%
$283,300
Cap Rate 9%
$220,344
Alternative Uses
Best Use
Multifamily LT 5
$283.3K
$247.9K – $330.5K
NOI $19,831 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$254.2K
$222.5K – $296.6K
NOI $17,796 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$446.1K
$390.4K – $520.5K
NOI $31,229 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
129
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units provide separate laundry rooms, granite countertops, newer appliances, ample parking, and shared outdoor space.
Where is this duplex located?
The property is located at 5105 N Moore Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bath per unit; Each unit includes a dedicated laundry room and parking for multiple vehicles; Granite countertops and newer appliances installed during 2024‑2025
