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 Market118
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
Neighborhood
Missionary Ridge Neighborhood Association
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: Jul 9
Changed: Nov 1
Last Checked: Nov 3 at 6:47AM
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 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 / Yr
$20,735
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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?
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
