6625 Vaden Drive, Chattanooga, TN 37421
MULTI_FAMILY - Chattanooga, TN
- Added:
- Apr 10, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 20 at 10:06 pm
Property Features for 6625 Vaden Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 5, Basement, Bedroom 5, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Driveway
- Patio and Porch features
- Deck, Patio
- Interior features
- Eat-in Kitchen, Open Floorplan, Storage
- Basement
- Finished
- Standard status
- Active
- APN
- 148f C 013
- Size
- 3,340 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- LT 3 CARR TRACT PB21 PG48
- Tax Annual Amount
- 4241
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agent Jonathan D Lickliter License #336975 (423) 790-4333
Listing office simpliHOM 5407 Hixson Pike Ste 113, Hixson, TN (855) 856-9466
Listing date Apr 10, 2026
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.
HighLights
- Zoned commercial for triplex with 100% occupied rental income: $2,800 gross monthly ($1,200 top unit; $800 per basement unit x2)
- Top unit: 1,670 SF with 3/4 bedrooms and 2 full bathrooms, living/dining combination, large eat‑in kitchen, den, laundry room, hardwood floors
- Two basement apartments: each has 1 bedroom, 1 full bath, eat‑in kitchen, living room, and laundry hook‑ups; each rented for $800
- Exterior includes a large deck and a storage building in the back yard that remains with the property
- Built in 1999 with shingle roof; new roof in 2019 and newer vinyl windows
- Utilities include public water and public sewer, plus 3 electric meters, 3 separate heat pumps, and 1 water meter
Overview
Local 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 | $50.1k | $15.00 |
| − Vacancy | −$3.3k | −$0.98 |
| EGI | $46.8k | $14.03 |
| − OpEx | −$14.1k | −$4.21 |
| NOI | $32.8k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.169456
- Latitude
- 35.042595
