Furnished 4-Unit
549 S Crest Road, Chattanooga, TN 37404
For Sale
$919,000
Residential Income, Chattanooga, TN
Property Size3,217 SF
Lot Size0.25 Acres
Price / SF$285.67
Days on Market95
Property Features for 549 S Crest Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
RE/MAX Properties · RE/MAX International
(423) 894-2900
Listed By:
Adrienne Gremore · License TN #346069
(423) 774-8344
Added: Aug 7
Changed: Oct 27
Last Checked: Nov 9 at 8:06PM
MLS# 1540279
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 four-unit property contains 3,217 square feet on a 0.25-acre parcel. Built in 1921, the building has an open floorplan and eat-in kitchens. All four residences are furnished and tenant-occupied, with off-street parking and public water and sewer service.
Set on Missionary Ridge, the property has outlooks toward downtown Chattanooga and the surrounding mountains. Downtown, hospitals, restaurants, and shopping are nearby.
Set on Missionary Ridge, the property has outlooks toward downtown Chattanooga and the surrounding mountains. Downtown, hospitals, restaurants, and shopping are nearby.
Key Highlights
- Four furnished units, all tenant‑occupied
- 3,217 square feet on a 0.25‑acre lot
- Built in 1921
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,583
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,660
$631.7K
Cap Rate 7%
$451,186
$451.2K
Cap Rate 9%
$350,922
$350.9K
Market Conditions
NOI Build-Up for 3,217 SF
Gross rent
$48.3K $15.00/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$45.1K $14.03/SF
− OpEx
−$13.5K −$4.21/SF
NOI
$31.6K $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%
$631,660
Cap Rate 7%
$451,186
Cap Rate 9%
$350,922
Alternative Uses
Best Use
Multifamily LT 5
$451.2K
$394.8K – $526.4K
NOI $31,583 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$710.5K
$621.7K – $828.9K
NOI $49,734 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
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Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four furnished residences are occupied by tenants, with views toward downtown Chattanooga and nearby mountains.
Where is this quadplex located?
The property is located at 549 S Crest Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Four furnished units, all tenant‑occupied; 3,217 square feet on a 0.25‑acre lot; Built in 1921
