Fully Occupied Duplex
6309 Potts Road Chattanooga, TN 37416
New
For Sale
$250,000
MULTI_FAMILY - Contemporary - Chattanooga, TN
Property Size1,949 SF
Lot Size0.49 Acres
Price / SF$128.27
Days on Market2
Property Features for 6309 Potts Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
- Parking features
- Driveway
- Patio and Porch features
- Porch, Patio
- Pets allowed
- Yes, Dogs OK
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, Open Floorplan
- Exterior features
- Storage
- Fencing
- Fenced
- Appliances
- Refrigerator, Dishwasher
- Standard status
- Active
- APN
- 129n C 012
- Size
- 1,949 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Description
- LT 4 CHARLES E JENKINS REV PB21 PG1 9 REV PB42 PG345
- Tax Annual Amount
- 3705
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Brick
- Roof type
- Metal
- Architectural style
- Contemporary
- Additional Structures
- Storage
Listing Agency:
RE/MAX Properties
(423) 894-2900
Listed By:
Daniel Hunter · License #343739
(423) 605-9713
Added: Jul 23
Last Checked: Jul 24 at 4:06AM
MLS# 1539343
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.
Investment Insights
Based on property information with market context.
This fully occupied duplex provides two separate sides, each with 2 bedrooms and 1 bathroom. The exterior is mostly brick with a metal roof. The property also includes a very large fenced-in back yard, and it is located on a cul-de-sac.
The duplex address is 6309 Potts Road in Chattanooga, TN 37416 (Hamilton County). Public remarks note the property is close to Volkswagen and Amazon.
Leasing details provided include one tenant on a month-to-month arrangement and one tenant on a new 1-year lease beginning July 1, 2026.
The duplex address is 6309 Potts Road in Chattanooga, TN 37416 (Hamilton County). Public remarks note the property is close to Volkswagen and Amazon.
Leasing details provided include one tenant on a month-to-month arrangement and one tenant on a new 1-year lease beginning July 1, 2026.
Key Highlights
- Fully occupied duplex with 2 bedrooms and 1 bathroom on each side
- Mostly brick exterior with metal roof; contemporary architectural style
- Mostly tile flooring with open floorplan, eat‑in kitchen, and ceiling fans
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $15.00 |
| − Vacancy | −$1.9k | −$0.98 |
| EGI | $27.3k | $14.03 |
| − OpEx | −$8.2k | −$4.21 |
| NOI | $19.1k | $9.82 |
1,949 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.3K
$239.2K – $318.9K
NOI $19,134 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$245.3K
$214.6K – $286.2K
NOI $17,170 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$430.4K
$376.6K – $502.2K
NOI $30,131 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, mostly brick exterior and a large fenced backyard.
Where is this duplex located?
The property is located at 6309 Potts Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully occupied duplex with 2 bedrooms and 1 bathroom on each side; Mostly brick exterior with metal roof; contemporary architectural style; Mostly tile flooring with open floorplan, eat‑in kitchen, and ceiling fans
