Contemporary Triplex with Private
For Sale
$470,000
Pending
746 Curve Street, Chattanooga, TN 37405
MULTI_FAMILY - Contemporary - Chattanooga, TN
Property Size1,879 SF
Lot Size0.18 Acres
Days on Market159
Property Features for 746 Curve Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 1
Window features
Insulated Windows, Vinyl Frames, Blinds, Wood Frames
Patio and Porch features
Porch
Pets allowed
Yes, Dogs OK, Cats OK
Interior features
Crown Molding, Storage
Exterior features
Private Yard
Appliances
Washer/Dryer, Washer, Refrigerator, Range Hood, Oven, Microwave, Ice Maker, Free-Standing Refrigerator, Free-Standing Electric Range, Electric Water Heater, Electric Oven, Electric Cooktop, Dryer, Dishwasher, Cooktop
Lot features
Back Yard, City Lot, Front Yard
Elementary school
Normal Park Elementary
Middle school
Normal Park Upper
High school
Red Bank High School
Directions
From I24 Turn right onto Manufacturers Rd 0.4 mi Turn right onto Cherokee Blvd 0.1 mi Turn left after First Tennessee Bank (on the left) 0.6 mi Continue onto Dallas Rd 0.6 mi Turn right onto Curve St
Subdivision
Chattanooga
Standard status
Pending
APN
126l J 008
Size
1,879 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LT 11 BLK 37 MAP NO 1 NORTH CHATT P B3 PG31
Tax Annual Amount
3512
Legal Description
LT 11 BLK 37 MAP NO 1 NORTH CHATT P B3 PG31
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Flooring type
Wood, Laminate, Carpet, Linoleum, Vinyl
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
EXP Realty LLC
(888) 519-5113
Listed By:
Fhonda Hatmaker · License #348561
(931) 409-2628
Added: Mar 5
Changed: Aug 3
Last Checked: Aug 11 at 10:06AM
MLS# 1529754
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.
Contemporary triplex located at 746 Curve Street in Chattanooga, TN 37405. The property sits on a 0.18-acre lot and contains 1,879 square feet. Built in 1940, the home features vinyl siding and a composition roof, plus a porch and private yard. Interior details include crown molding and storage.
Comfort is supported by central air and ceiling fans, along with electric heating and central heating. The home connects to electricity, public water, and public sewer. Floor coverings include wood, laminate, linoleum, carpet, and vinyl.
This triplex includes in-unit appliances such as a washer/dryer, refrigerator, microwave, dishwasher, and electric oven and cooktop. Rooming includes three bedrooms and four bathrooms, offering flexibility for multiple household arrangements.
Comfort is supported by central air and ceiling fans, along with electric heating and central heating. The home connects to electricity, public water, and public sewer. Floor coverings include wood, laminate, linoleum, carpet, and vinyl.
This triplex includes in-unit appliances such as a washer/dryer, refrigerator, microwave, dishwasher, and electric oven and cooktop. Rooming includes three bedrooms and four bathrooms, offering flexibility for multiple household arrangements.
Key Highlights
- 0.18‑acre lot with 1,879 SF triplex at 746 Curve Street in Chattanooga, TN 37405
- Built in 1940 with contemporary architectural style
- Private yard plus porch
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
$18,447
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
3.92%
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%
$368,940
$368.9K
Cap Rate 7%
$263,529
$263.5K
Cap Rate 9%
$204,967
$205.0K
Market Conditions
NOI Build-Up for 1,879 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
$28.2K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$26.4K $14.03/SF
− OpEx
−$7.9K −$4.21/SF
NOI
$18.4K $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%
$368,940
Cap Rate 7%
$263,529
Cap Rate 9%
$204,967
Alternative Uses
Best Use
Multifamily LT 5
$263.5K
$230.6K – $307.5K
NOI $18,447 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$415.0K
$363.1K – $484.2K
NOI $29,049 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
242
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1940, this three-bedroom triplex features a private yard, porch, and central air with electric heating.
Where is this triplex located?
The property is located at 746 Curve Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 0.18‑acre lot with 1,879 SF triplex at 746 Curve Street in Chattanooga, TN 37405; Built in 1940 with contemporary architectural style; Private yard plus porch
