Brick Duplex with Private
For Sale
$335,000
732 Marley Way, Chattanooga, TN 37412
Occupied two-unit property with private outdoor spaces, off-street parking, and separate laundry hookups.
Property Size2,112 SF
Price / SF$158.62
Days on Market19
Property Features for 732 Marley Way
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
requires minimal exterior maintenance
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Gross Income
$35,700
Amenities
in-unit washer/dryer hookups
private deck space
Building Details
Year Built
1975
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Asher Black · License #359562
(423) 208-4943
Source:
Chattanoogaareahomesforsale
Added: Sep 1
Changed: Sep 8
Last Checked: Sep 18 at 7:56AM
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
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,112 square feet, with each 1,056-square-foot residence offering two bedrooms, one full bath, one half bath, an eat-in kitchen, and a living room. Both units are occupied, and each includes washer/dryer hookups, a private deck, and off-street parking. The building was constructed in 1975 with an all-brick exterior and slab foundation.
The property is positioned on a wooded cul-de-sac at 732 Marley Way in Chattanooga, near I-24, Belvoir, and Fountain Ave. Shopping, dining, and downtown Chattanooga are accessible from the property, which is assigned to East Ridge Elementary, Middle, and High School.
The property is positioned on a wooded cul-de-sac at 732 Marley Way in Chattanooga, near I-24, Belvoir, and Fountain Ave. Shopping, dining, and downtown Chattanooga are accessible from the property, which is assigned to East Ridge Elementary, Middle, and High School.
Key Highlights
- Two‑unit duplex totals 2,112 square feet
- Each 1,056‑square‑foot unit has 2 bedrooms and 1.5 baths
- Both units are currently occupied by tenants
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
$20,735
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
6.19%
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%
$414,700
$414.7K
Cap Rate 7%
$296,214
$296.2K
Cap Rate 9%
$230,389
$230.4K
Market Conditions
NOI Build-Up for 2,112 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
$31.7K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.6K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $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 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%
$414,700
Cap Rate 7%
$296,214
Cap Rate 9%
$230,389
Alternative Uses
Best Use
Multifamily LT 5
$296.2K
$259.2K – $345.6K
NOI $20,735 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,606 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$466.4K
$408.1K – $544.2K
NOI $32,651 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Occupied two-unit property with private outdoor spaces, off-street parking, and separate laundry hookups.
Where is this duplex located?
The property is located at 732 Marley Way Chattanooga, TN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex totals 2,112 square feet; Each 1,056‑square‑foot unit has 2 bedrooms and 1.5 baths; Both units are currently occupied by tenants
