Furnished Two-Unit
For Sale
$400,000
670 Tremont Pl, Chattanooga, TN 37405
Two furnished units offer separate living areas, kitchens, laundry facilities, and private outdoor spaces.
Property Size1,803 SF
Price / SF$221.85
Days on Market85
Property Features for 670 Tremont Pl
General Information
Standard status
Active
Size
1,803 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
covered front porch
covered stoop
private patio
washer and dryer
gas fireplace
mini-split systems
white picket fence
Building Details
Year Built
1940
Listing Agency:
GRATEFUL ACRES REALTY
Listed By:
MaKenzie Griffis · License #373232
(931) 367-1584
Source:
Weathersbeerealty
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 13 at 12:19AM
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 GRATEFUL ACRES REALTY
Investment Insights
Based on property information with market context.
This furnished duplex contains two distinct residential units with practical layouts and separate outdoor areas. Unit 670A includes a covered porch, hardwood flooring, a gas fireplace, a kitchen with tile finishes and appliances, a breakfast nook, a private patio, and a dedicated laundry room with washer and dryer. Its second bedroom also includes an attached office nook. Unit 670B offers a covered entry, landscaped exterior, open kitchen arrangement, in-unit laundry area, and a second bedroom that can serve as office space. Mini-split systems provide heating and cooling in the living room and primary bedroom.
The property is located at 670 Tremont Pl in Chattanooga, Tennessee. Built in 1940, it is furnished throughout and configured for multi-unit living or an investment use as described in the property information.
The property is located at 670 Tremont Pl in Chattanooga, Tennessee. Built in 1940, it is furnished throughout and configured for multi-unit living or an investment use as described in the property information.
Key Highlights
- Two‑unit duplex with furnishings included
- 1,803 square feet of property size
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,701
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,020
$354.0K
Cap Rate 7%
$252,871
$252.9K
Cap Rate 9%
$196,678
$196.7K
Market Conditions
NOI Build-Up for 1,803 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.3K $14.03/SF
− OpEx
−$7.6K −$4.21/SF
NOI
$17.7K $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 Rate 5%
$354,020
Cap Rate 7%
$252,871
Cap Rate 9%
$196,678
Alternative Uses
Best Use
Multifamily LT 5
$252.9K
$221.3K – $295.0K
NOI $17,701 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$226.9K
$198.6K – $264.7K
NOI $15,884 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished units offer separate living areas, kitchens, laundry facilities, and private outdoor spaces.
Where is this duplex located?
The property is located at 670 Tremont Pl Chattanooga, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with furnishings included; 1,803 square feet of property size; Built in 1940
