Triplex with Three Separate
6625 Vaden Drive Chattanooga, TN 37421
6625 Vaden Drive, Chattanooga, TN, 37421
$369,000
For Sale
$369,000
MULTI_FAMILY - Chattanooga, TN
Property Size3,340 SF
Lot Size0.28 Acres
Price / SF$110.48
Days on Market101
Property Features for 6625 Vaden Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 5
- 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
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
simpliHOM
(855) 856-9466
5407 Hixson Pike Ste 113, Hixson, TN
Listed by
Jonathan D Lickliter · License #336975
(423) 790-4333
Added: Apr 10 Checked: Jul 19 at 8:06 am
MLS# 1532301
Listing URL
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 for-sale triplex is configured as a top-level residence plus two additional basement apartments, creating three separate units under one property. The top unit totals 1,670 square feet and features 3/4 bedrooms, 2 full bathrooms, a living and dining combination, an eat-in kitchen with ample cabinet space, a den, a laundry room, and hardwood floors in the bedrooms, hallway, and den. Each lower unit includes 1 bedroom, 1 full bath, an eat-in kitchen, a living room, and laundry hook-ups. A large deck and a storage building are included in the backyard. The property is 100% occupied.
The building sits on 0.28 acres and is described as zoned commercial for triplex use. It has been upgraded with a new roof installed in 2019 and newer vinyl windows. Utility services are separately metered, with 3 electric meters and 1 water meter supporting 3 separate heat pumps.
For buyers or owner-occupants looking for rental flexibility, the layout supports collecting income from two basement apartments while living in the top unit, or renting all three units. With ongoing occupancy and multiple independent heating systems, the property is structured for straightforward unit-by-unit management.
The building sits on 0.28 acres and is described as zoned commercial for triplex use. It has been upgraded with a new roof installed in 2019 and newer vinyl windows. Utility services are separately metered, with 3 electric meters and 1 water meter supporting 3 separate heat pumps.
For buyers or owner-occupants looking for rental flexibility, the layout supports collecting income from two basement apartments while living in the top unit, or renting all three units. With ongoing occupancy and multiple independent heating systems, the property is structured for straightforward unit-by-unit management.
Key Highlights
- Zoned commercial for triplex with 100% occupied status and gross monthly income of $2,800
- Top unit: 1,670 SF with 3/4 bedrooms and 2 full bathrooms, living/dining combination and large eat‑in kitchen
- Two basement apartments: each 1 bedroom, 1 full bath, eat‑in kitchen and living room, with laundry hook‑ups (rented $800 per unit)
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 |
3,340 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.4K
$409.9K – $546.5K
NOI $32,790 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.4K
NOI $29,424 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$737.7K
$645.5K – $860.6K
NOI $51,636 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit triplex offers commercial zoning and separate utilities, with strong income continuity through current occupancy.
Where is this triplex located?
The property is located at 6625 Vaden Drive Chattanooga, TN.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Zoned commercial for triplex with 100% occupied status and gross monthly income of $2,800; Top unit: 1,670 SF with 3/4 bedrooms and 2 full bathrooms, living/dining combination and large eat‑in kitchen; Two basement apartments: each 1 bedroom, 1 full bath, eat‑in kitchen and living room, with laundry hook‑ups (rented $800 per unit)
