Brick Duplex with Updated
For Sale
$339,500
7749 Holiday Hills Cir, Chattanooga, TN 37416
Both residences are occupied under month-to-month agreements.
Property Size1,955 SF
Price / SF$173.66
Days on Market34
Property Features for 7749 Holiday Hills Cir
General Information
Standard status
Active
Size
1,955 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Washington Hills Neighborhood Association
Additional Details
Gross Income
$33,540
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,315
Building Details
Buildings
1
Construction
all-brick
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 519-5113
Listed By:
Drew Carey · License #327119
(423) 618-3739
Source:
Exprealty
Added: Oct 1
Changed: Nov 2
Last Checked: Nov 3 at 8:17AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1965 all-brick duplex contains two residences, each with 2 bedrooms, 1 full bathroom, a kitchen, dining area, living room, private parking, and outdoor space. The property sits on a lot of nearly one acre. The left residence has LVT flooring in its living room, dining area, and kitchen, along with refreshed paint and baseboards, a newer range and hood, refrigerator, updated dining light, and a Bath Fitter tub. In the right residence, hardwood floors extend through the hall and both bedrooms, while the bathroom has tile flooring. Sliding doors connect its dining area to a private rear patio.
Both units are tenant occupied on month-to-month leases, with rental income in place. The current lease arrangement allows for ongoing occupancy or future changes to tenancy.
Both units are tenant occupied on month-to-month leases, with rental income in place. The current lease arrangement allows for ongoing occupancy or future changes to tenancy.
Key Highlights
- Two‑unit brick duplex built in 1965
- Nearly one‑acre lot
- Each residence has 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,193
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,860
$383.9K
Cap Rate 7%
$274,186
$274.2K
Cap Rate 9%
$213,256
$213.3K
Market Conditions
NOI Build-Up for 1,955 SF
Gross rent
$29.3K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.4K $14.03/SF
− OpEx
−$8.2K −$4.21/SF
NOI
$19.2K $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%
$383,860
Cap Rate 7%
$274,186
Cap Rate 9%
$213,256
Alternative Uses
Best Use
Multifamily LT 5
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$246.0K
$215.3K – $287.1K
NOI $17,223 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$431.8K
$377.8K – $503.7K
NOI $30,224 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
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 - Both residences are occupied under month-to-month agreements.
Where is this duplex located?
The property is located at 7749 Holiday Hills Cir Chattanooga, TN.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1965; Nearly one‑acre lot; Each residence has 2 bedrooms and 1 full bathroom
