Duplex with Recent
For Sale
$360,000
5758 Taggart Dr, Hixson, TN 37343
New exterior paint complements two serviced HVAC systems in this two-unit property.
Property Size2,872 SF
Price / SF$125.35
Days on Market41
Property Features for 5758 Taggart Dr
General Information
Standard status
Active
Size
2,872 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1970
Listing Agency:
The Source Real Estate Group
(970) 390-6303
Listed By:
Alicia Morris · License #346484
Source:
Fiddletreerealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 4:32AM
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 The Source Real Estate Group
Investment Insights
Based on property information with market context.
This 2,872-square-foot duplex was built in 1970 and is offered in its current as-is condition, allowing the purchaser to address requested repairs or upgrades. The property has new exterior paint, a roof under 5 years old, and two HVAC units under 7 years old that were recently serviced.
Located just off Hwy 153, the duplex provides access toward Hixson, Chattanooga, Soddy, Red Bank, and Sale Creek. It is situated in Lake Forest, an established neighborhood with duplexes and single-family homes, with shopping and restaurants nearby.
Located just off Hwy 153, the duplex provides access toward Hixson, Chattanooga, Soddy, Red Bank, and Sale Creek. It is situated in Lake Forest, an established neighborhood with duplexes and single-family homes, with shopping and restaurants nearby.
Key Highlights
- 2,872‑square‑foot duplex built in 1970
- Roof is under 5 years old
- Both HVAC units are under 7 years old and were just serviced
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
$24,129
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
6.70%
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%
$482,580
$482.6K
Cap Rate 7%
$344,700
$344.7K
Cap Rate 9%
$268,100
$268.1K
Market Conditions
NOI Build-Up for 2,872 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
$38.9K $13.56/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$34.5K $12.00/SF
− OpEx
−$10.3K −$3.60/SF
NOI
$24.1K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /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%
$482,580
Cap Rate 7%
$344,700
Cap Rate 9%
$268,100
Alternative Uses
Best Use
Multifamily LT 5
$344.7K
$301.6K – $402.2K
NOI $24,129 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.3K
NOI $22,160 @ 7.0% cap · market cap 6.16%
Theoretical Best
Healthcare Medical
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
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
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 - New exterior paint complements two serviced HVAC systems in this two-unit property.
Where is this duplex located?
The property is located at 5758 Taggart Dr Hixson, TN.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,872‑square‑foot duplex built in 1970; Roof is under 5 years old; Both HVAC units are under 7 years old and were just serviced
