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Gutted Duplex Property
For Sale
$140,000
Pending

540 Gadd Road, Hixson, TN 37343

Residential Income, Hixson, TN

Property Size1,728 SF
Days on Market50

Property Features for 540 Gadd Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking features Off Street
Subdivision Houston Hixson Ridge
Lot features Level
Elementary school Alpine Crest Elementary
Middle school Red Bank Middle
High school Red Bank High School
Directions 153 N left on Gadd Rd Building on Left
Standard status Pending
APN 099n D 014
Size 1,728 SF

Taxes and HOA fees

Tax Description Houston Hixson Ridge Tract Lot 14 P B111 Pg712
Tax Annual Amount 1335
Legal Description Houston Hixson Ridge Tract Lot 14 P B111 Pg712

Utilities

Sewer type Septic Tank
Water source Public

Building Details

Year built 1950
Floors in Building 1
Number of units 2
Building materials Block
Roof type Shingle
Listing Agency: SquareOne Realty, LLC
Listed By: John Kelly · License #278600
Added: Aug 29 Changed: Oct 4 Last Checked: Oct 17 at 7:06PM
MLS# 1541780

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.

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Investment Insights

Based on property information with market context.

This duplex contains 1,728 square feet and has been gutted internally. The layout includes four bedrooms and two bathrooms, with block construction, a shingle roof, and off-street parking. The structure was built in 1950.

Located at 540 Gadd Road in Hixson, Tennessee, the property is served by public water and a septic tank. The existing configuration and basic building systems provide a clear factual overview for evaluation of the property in its current condition.

Key Highlights

  • Duplex with 1,728 square feet
  • Interior has been gutted
  • Four bedrooms and two bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

73
Businesses Nearby

Demographics for 37343, TN

43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Block-built duplex with off-street parking, public water service, and a septic tank system.
Where is this duplex located?
The property is located at 540 Gadd Road Hixson, TN.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Duplex with 1,728 square feet; Interior has been gutted; Four bedrooms and two bathrooms
More about this property
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