Duplex with Off-Street
8234 Middle Valley Road, Hixson, TN 37343
For Sale
New
$285,000
Residential Income, Hixson, TN
Property Size2,872 SF
Lot Size0.78 Acres
Price / SF$99.23
Days on Market4
Property Features for 8234 Middle Valley Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty
(423) 664-1700
Listed By:
Cheryl Ann Goodman · License #345634
(423) 240-7940
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 7 at 5:06PM
MLS# 1545863
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.
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Investment Insights
Based on property information with market context.
This 2,872-square-foot duplex was built in 1973 and occupies a 0.78-acre lot. Each side has three bedrooms and one and a half bathrooms. The property includes garage and off-street parking, central heating and air conditioning, and a mix of brick and HardiPlank exterior materials.
Both units are occupied by month-to-month tenants. The property is located in Hixson, Tennessee, on Middle Valley Road.
Both units are occupied by month-to-month tenants. The property is located in Hixson, Tennessee, on Middle Valley Road.
Key Highlights
- Two‑unit property with 3 bedrooms and 1.5 bathrooms per side
- 2,872 square feet on a 0.78‑acre lot
- Occupied by month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,129
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,580
$482.6K
Cap Rate 7%
$344,700
$344.7K
Cap Rate 9%
$268,100
$268.1K
Market Conditions
NOI Build-Up for 2,872 SF
Gross rent
$38.9K $13.56/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$34.5K $12.00/SF
− OpEx
−$10.3K −$3.60/SF
NOI
$24.1K $8.40/SF
Area
Hamilton County, TN
Vacancy
11.49%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,580
Cap Rate 7%
$344,700
Cap Rate 9%
$268,100
Alternative Uses
Best Use
Multifamily LT 5
$344.7K
$301.6K – $402.2K
NOI $24,129 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.3K
NOI $22,160 @ 7.0% cap · market cap 7.78%
Theoretical Best
Healthcare Medical
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hamilton County, TN
Properties on Market for Duplexes in Hamilton County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by month-to-month tenants, providing rental income from two separate units.
Where is this duplex located?
The property is located at 8234 Middle Valley Road Hixson, TN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit property with 3 bedrooms and 1.5 bathrooms per side; 2,872 square feet on a 0.78‑acre lot; Occupied by month‑to‑month tenants
