Remodeled Duplex Investment
For Sale
$370,000
541 Cedar Glen Cir, Chattanooga, TN 37412
Fully occupied two-unit property with separate entrances, private porches, and updates across both residences.
Property Size2,372 SF
Price / SF$155.99
Days on Market109
Property Features for 541 Cedar Glen Cir
General Information
Standard status
Active
Size
2,372 SF
Property subtype
Residential Income
Building Details
Year Built
1977
Listing Agency:
Keller Williams Realty
Listed By:
Kidist Asay · License #TN358452
(408) 784-4857
Source:
Searchchattanoogahomesnow
Added: Jul 1
Changed: Oct 1
Last Checked: Oct 16 at 9:04AM
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
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Investment Insights
Based on property information with market context.
Built in 1977, this duplex contains two separately accessed residences with individual porches. The larger unit offers three bedrooms and two bathrooms and received a full renovation 3 years ago, including tile floors, granite countertops, and HVAC installed less than 1 year ago. The second residence includes two bedrooms and two bathrooms, with new flooring throughout, an updated primary bathroom, a new water heater, and HVAC that is 2-3 years old.
Both units are occupied and share a roof replaced 2 years ago. The combination of distinct unit layouts, private outdoor entries, and recent improvements provides a clearly defined duplex configuration for residential income ownership.
Both units are occupied and share a roof replaced 2 years ago. The combination of distinct unit layouts, private outdoor entries, and recent improvements provides a clearly defined duplex configuration for residential income ownership.
Key Highlights
- Fully occupied duplex with two separately accessed residences
- Unit 1: 3BR/2BA; fully remodeled 3 years ago with tile flooring and granite countertops
- Unit 2: 2BR/2BA with new flooring, updated master bath, and new water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,287
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,740
$465.7K
Cap Rate 7%
$332,671
$332.7K
Cap Rate 9%
$258,744
$258.7K
Market Conditions
NOI Build-Up for 2,372 SF
Gross rent
$35.6K $15.00/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$33.3K $14.03/SF
− OpEx
−$10.0K −$4.21/SF
NOI
$23.3K $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%
$465,740
Cap Rate 7%
$332,671
Cap Rate 9%
$258,744
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.1K – $388.1K
NOI $23,287 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$298.5K
$261.2K – $348.3K
NOI $20,897 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$523.9K
$458.4K – $611.2K
NOI $36,671 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
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Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied two-unit property with separate entrances, private porches, and updates across both residences.
Where is this duplex located?
The property is located at 541 Cedar Glen Cir Chattanooga, TN.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Fully occupied duplex with two separately accessed residences; Unit 1: 3BR/2BA; fully remodeled 3 years ago with tile flooring and granite countertops; Unit 2: 2BR/2BA with new flooring, updated master bath, and new water heater
