Updated Duplex with New
For Sale
$249,900
5226 Slayton Avenue, Chattanooga, TN 37410
Two-unit property with refreshed kitchens, baths, and newer windows.
Property Size1,360 SF
Days on Market78
Property Features for 5226 Slayton Avenue
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,199
Building Details
Building Size
1,360 SF
Year Built
1956
Listing Agency:
Nest Chattanooga Real Estate & Management, LLC
Listed By:
Maria A Chavez · License #318599
(423) 774-1710
Source:
Gracefrankgroup
Added: Jul 20
Changed: Sep 27
Last Checked: Oct 4 at 4:20PM
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 Nest Chattanooga Real Estate & Management, LLC
Investment Insights
Based on property information with market context.
Built in 1956, this duplex offers two separate residential sides with updated kitchens and bathrooms, newer windows, and a recently installed HVAC system. The property is positioned within walking distance of St. Elmo in Chattanooga, with new construction activity in the surrounding area.
The current ownership structure includes an equitable ownership interest. Showings are restricted until an accepted contract, and tenants should not be disturbed. Additional details regarding the ownership interest are available through the listing agent.
The current ownership structure includes an equitable ownership interest. Showings are restricted until an accepted contract, and tenants should not be disturbed. Additional details regarding the ownership interest are available through the listing agent.
Key Highlights
- Duplex with two separate residential sides
- New HVAC system
- Newer windows throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,352
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,040
$267.0K
Cap Rate 7%
$190,743
$190.7K
Cap Rate 9%
$148,356
$148.4K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$20.4K $15.00/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$19.1K $14.03/SF
− OpEx
−$5.7K −$4.21/SF
NOI
$13.4K $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 Rate 5%
$267,040
Cap Rate 7%
$190,743
Cap Rate 9%
$148,356
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.9K – $222.5K
NOI $13,352 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$171.2K
$149.8K – $199.7K
NOI $11,981 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$300.4K
$262.8K – $350.4K
NOI $21,025 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 37410, TN
4,082
Population
1,893
Households
2.2
Avg Household Size
33
Median Age
10%
College-Educated
65%
High-School Grad
3.0 sq mi
ZIP Area
1,361
Density / Sq Mi
$22,127
Median Household Income
$28,967
Median Earnings
$695
Median Rent
$133,800
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 - Two-unit property with refreshed kitchens, baths, and newer windows.
Where is this duplex located?
The property is located at 5226 Slayton Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with two separate residential sides; New HVAC system; Newer windows throughout the property
