Single-Level Duplex with
For Sale
$310,000
6270 Teletha Lane, Chattanooga, TN 37415
Two residential units offer flexible owner-occupant or rental use with updated mechanical systems and move-in-ready interiors.
Property Size1,680 SF
Lot Size0.25 Acres
Days on Market19
Property Features for 6270 Teletha Lane
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.25 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,414
Building Details
Building Size
1,680 SF
Year Built
1980
Buildings
1
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Lori Montieth · License #TN310349
(423) 664-1600
Source:
Gracefrankgroup
Added: Jul 22
Changed: Aug 5
Last Checked: Aug 9 at 11:50AM
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
Investment Insights
Based on property information with market context.
Built in 1980, this single-level duplex includes two separate residential units on a 1/4-acre lot. Each side has a refrigerator, while one unit includes a washer and dryer. Both interiors have no carpet, and the property includes a full basement for storage. A large backyard is served by a deck rebuilt approximately six years ago, along with an extended parking pad, sidewalk, privacy fencing, and refreshed porch railings.
Mechanical work includes HVAC improvements in both units, a brand-new HVAC system on the left side in 2026, and rebuilt air handlers with new ductwork installed on both sides in recent years. The basement has professional encapsulation, a commercial-grade sump pump, and a dehumidifier. The property is located at 6270 Teletha Lane in Chattanooga, Tennessee, near shopping, restaurants, and everyday amenities. County taxes apply, with no city taxes.
Mechanical work includes HVAC improvements in both units, a brand-new HVAC system on the left side in 2026, and rebuilt air handlers with new ductwork installed on both sides in recent years. The basement has professional encapsulation, a commercial-grade sump pump, and a dehumidifier. The property is located at 6270 Teletha Lane in Chattanooga, Tennessee, near shopping, restaurants, and everyday amenities. County taxes apply, with no city taxes.
Key Highlights
- Two‑unit, single‑level duplex built in 1980
- Situated on a 1/4‑acre lot
- Brand‑new HVAC system on the left side in 2026
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
$16,493
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
5.32%
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%
$329,860
$329.9K
Cap Rate 7%
$235,614
$235.6K
Cap Rate 9%
$183,256
$183.3K
Market Conditions
NOI Build-Up for 1,680 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
$25.2K $15.00/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$23.6K $14.03/SF
− OpEx
−$7.1K −$4.21/SF
NOI
$16.5K $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 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%
$329,860
Cap Rate 7%
$235,614
Cap Rate 9%
$183,256
Alternative Uses
Best Use
Multifamily LT 5
$235.6K
$206.2K – $274.9K
NOI $16,493 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$211.4K
$185.0K – $246.7K
NOI $14,800 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$371.0K
$324.7K – $432.9K
NOI $25,973 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible owner-occupant or rental use with updated mechanical systems and move-in-ready interiors.
Where is this duplex located?
The property is located at 6270 Teletha Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit, single‑level duplex built in 1980; Situated on a 1/4‑acre lot; Brand‑new HVAC system on the left side in 2026
