3-Unit Residential
For Sale
$349,900
713 Lupton Dr, Chattanooga, TN 37415
Each residence offers a two-bedroom, one-bath layout, with one currently vacant.
Property Size2,064 SF
Price / SF$169.53
Days on Market63
Property Features for 713 Lupton Dr
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
Wade Trammell · License #367743
(423) 718-4815
Source:
Chattanoogaareahomesforsale
Added: Aug 15
Changed: Oct 1
Last Checked: Oct 14 at 11:24PM
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
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Investment Insights
Based on property information with market context.
This 3-unit residential property contains 2,064 square feet and was built in 1950. All three residences share a two-bedroom, one-bath configuration. Two units are leased, while the remaining unit is vacant and available for occupancy.
The property is located at 713 Lupton Dr in Chattanooga, Tennessee, with access to Hixson, Red Bank, and Downtown Chattanooga. Shopping, dining, entertainment, and major roadways are identified nearby, giving the property an established surrounding context for residential occupancy.
The property is located at 713 Lupton Dr in Chattanooga, Tennessee, with access to Hixson, Red Bank, and Downtown Chattanooga. Shopping, dining, entertainment, and major roadways are identified nearby, giving the property an established surrounding context for residential occupancy.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 bathroom
- 2,064 square feet of total property size
- One unit is vacant; two units are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,263
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,260
$405.3K
Cap Rate 7%
$289,471
$289.5K
Cap Rate 9%
$225,144
$225.1K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$31.0K $15.00/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$28.9K $14.03/SF
− OpEx
−$8.7K −$4.21/SF
NOI
$20.3K $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%
$405,260
Cap Rate 7%
$289,471
Cap Rate 9%
$225,144
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,183 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$455.8K
$398.9K – $531.8K
NOI $31,909 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers a two-bedroom, one-bath layout, with one currently vacant.
Where is this triplex located?
The property is located at 713 Lupton Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 bathroom; 2,064 square feet of total property size; One unit is vacant; two units are leased
