Fully Renovated
For Sale
$245,000
Pending
5109 Sunbeam Avenue, Chattanooga, TN 37411
MULTI_FAMILY - Chattanooga, TN
Property Size1,402 SF
Lot Size0.26 Acres
Days on Market186
Property Features for 5109 Sunbeam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Off Street
Interior features
Eat-in Kitchen
Appliances
Water Heater, Refrigerator, Oven, Freezer, Free-Standing Electric Range, Dishwasher
Subdivision
Brainerd
Elementary school
Spring Creek Elementary
Middle school
Dalewood Middle
High school
Brainerd High
Directions
BRAINERD ROAD FROM TUNNELS. RIGHT ON MOORE. 1ST LEFT ON SUNBEAM
Standard status
Pending
APN
157k Q 025
Size
1,402 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
Pt Lts 12&13 Blk 3 Hamilton Place R Ev Pb 8 Pg 35
Tax Annual Amount
1659
Legal Description
Pt Lts 12&13 Blk 3 Hamilton Place R Ev Pb 8 Pg 35
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Charles Jabaley · License #TN352704
(423) 710-4602
Added: Feb 6
Changed: Aug 1
Last Checked: Aug 11 at 12:06PM
MLS# 1528063
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 fully renovated duplex includes two separate units on a quiet residential street. The property was comprehensively renovated in 2023 with major structural, mechanical, and cosmetic upgrades, including new support beams and floor joists, subfloor repairs, luxury vinyl plank flooring throughout, updated electrical hardware and lighting, and fresh interior paint. The improvements also include new 2.5 ton HVACs, new water heaters, and updated kitchens with stainless steel appliances, new cabinets, and granite countertops, along with updated bathrooms with new vanities and fixtures. The floor plan features an eat-in kitchen and off-street parking.
Unit details include Unit 5109 with a lease through 07/09/26 and Unit 5111 currently vacant. The property sits on a large, flat front yard and backyard. Built in 1955, the home has public water and public sewer and a shingle roof.
Set up for hands-on ownership, this duplex offers immediate occupancy in one unit and renovation-ready condition throughout.
Unit details include Unit 5109 with a lease through 07/09/26 and Unit 5111 currently vacant. The property sits on a large, flat front yard and backyard. Built in 1955, the home has public water and public sewer and a shingle roof.
Set up for hands-on ownership, this duplex offers immediate occupancy in one unit and renovation-ready condition throughout.
Key Highlights
- Two‑unit duplex with 2023 comprehensive renovation updates
- Unit 5109 leased through 07/09/26; Unit 5111 vacant
- Built in 1955 with public water and public sewer
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
$13,764
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
5.62%
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%
$275,280
$275.3K
Cap Rate 7%
$196,629
$196.6K
Cap Rate 9%
$152,933
$152.9K
Market Conditions
NOI Build-Up for 1,402 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
$21.0K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$19.7K $14.03/SF
− OpEx
−$5.9K −$4.21/SF
NOI
$13.8K $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%
$275,280
Cap Rate 7%
$196,629
Cap Rate 9%
$152,933
Alternative Uses
Best Use
Multifamily LT 5
$196.6K
$172.1K – $229.4K
NOI $13,764 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$176.4K
$154.4K – $205.9K
NOI $12,351 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$309.6K
$270.9K – $361.3K
NOI $21,675 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
569
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-unit duplex renovated in 2023 with updated HVAC, kitchen, and baths plus off-street parking.
Where is this duplex located?
The property is located at 5109 Sunbeam Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex with 2023 comprehensive renovation updates; Unit 5109 leased through 07/09/26; Unit 5111 vacant; Built in 1955 with public water and public sewer
