Brick Duplex with Off-Street
For Sale
$428,900
7157 Holland Lane, Chattanooga, TN 37421
Residential Income, Chattanooga, TN
Property Size3,368 SF
Lot Size0.52 Acres
Price / SF$127.35
Days on Market9
Property Features for 7157 Holland Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking features
Driveway, Off Street
Window features
Aluminum Frames
Patio and Porch features
Deck, Porch
Interior features
Eat-in Kitchen, En Suite, Tub/shower Combo
Appliances
Refrigerator, Electric Range, Dishwasher
Subdivision
Lee Wood Hills
Lot features
Back Yard, Front Yard, Level
Elementary school
East Brainerd Elementary
Middle school
East Hamilton
High school
East Hamilton
Directions
From I-75: Take the East Brainerd exit and go east. Go past Circle K and Baskin Robbins. Turn right on N Concord Rd. Turn left on Holland Lane. 7157 will be on the left side.
Standard status
Active
APN
158k D 018
Size
3,368 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
Lot 12 Lee Wood Hills Revised Pb27 Pg134
Tax Annual Amount
4763
Legal Description
Lot 12 Lee Wood Hills Revised Pb27 Pg134
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Ed Hanlon · License #TN373536
(949) 233-4112
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 25 at 8:06PM
MLS# 1542998
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 3,368-square-foot duplex, built in 1971, contains two separate residential units with private entrances and off-street parking. The property sits on 0.52 acres and features brick construction, contemporary styling, vinyl and carpet flooring, central heating, and central air. Interior features include eat-in kitchens, en suite bathrooms, tub/shower combinations, refrigerators, electric ranges, and dishwashers.
Outdoor improvements include decks and porches, while public water and public sewer serve the property. The address is 7157 Holland Lane in Chattanooga, Tennessee, within ZIP Code 37421. A shingle roof and driveway parking complete the existing site and building improvements.
Outdoor improvements include decks and porches, while public water and public sewer serve the property. The address is 7157 Holland Lane in Chattanooga, Tennessee, within ZIP Code 37421. A shingle roof and driveway parking complete the existing site and building improvements.
Key Highlights
- Two‑unit duplex totaling 3,368 square feet
- 0.52‑acre lot at 7157 Holland Lane
- Private entrances and off‑street parking for the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,300
$661.3K
Cap Rate 7%
$472,357
$472.4K
Cap Rate 9%
$367,389
$367.4K
Market Conditions
NOI Build-Up for 3,368 SF
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.
Gross rent
$50.5K $15.00/SF
− Vacancy
−$3.3K −$0.98/SF
EGI
$47.2K $14.03/SF
− OpEx
−$14.2K −$4.21/SF
NOI
$33.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$661,300
Cap Rate 7%
$472,357
Cap Rate 9%
$367,389
Alternative Uses
Best Use
Multifamily LT 5
$472.4K
$413.3K – $551.1K
NOI $33,065 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$423.9K
$370.9K – $494.5K
NOI $29,671 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$743.8K
$650.9K – $867.8K
NOI $52,069 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with private entrances, separate parking, and practical interior amenities.
Where is this duplex located?
The property is located at 7157 Holland Lane Chattanooga, TN.
What is the asking price?
The asking price for this property is $428,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,368 square feet; 0.52‑acre lot at 7157 Holland Lane; Private entrances and off‑street parking for the units
