Duplex Apartment
8498 Shawn Ridge Road, Harrison, TN 37341
MULTI_FAMILY - Harrison, TN
Property size:
56,640 SFLot size:
21.26 AcresPrice / SF:
$128/SF- Added:
- Apr 23, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 20 at 11:06 pm
Property Features for 8498 Shawn Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 52
- Bathrooms
- 43
- Rooms
- Bathroom 16, Bathroom 8, Bedroom 10, Bathroom 41, Bedroom 22, Bedroom 28, Bedroom 34, Bathroom 35, Bedroom 42, Bathroom 40, Bathroom 3, Bathroom 26, Bedroom 15, Bedroom 29, Bedroom 45, Bedroom 40, Bedroom 50, Bedroom 52, Bedroom 24, Bedroom 46, Bathroom 27, Bathroom 4, Bedroom 35, Bedroom 13, Bedroom 47, Bathroom 29, Bathroom 6, Bathroom 36, Bedroom 18, Bedroom 48, Bedroom 3, Bathroom 1, Bathroom 21, Bedroom 2, Bathroom 25, Bedroom 49, Bathroom 9, Bedroom 43, Bathroom 24, Bedroom 27, Bedroom 33, Bedroom 4, Bedroom 16, Bedroom 41, Bathroom 39, Bedroom 12, Bathroom 33, Bedroom 37, Bathroom 7, Bathroom 11, Bathroom 34, Bedroom 32, Bathroom 13, Bathroom 17, Bedroom 20, Bathroom 20, Bedroom 17, Bathroom 19, Bedroom 19, Bedroom 44, Bathroom 15, Bedroom 30, Bathroom 12, Bedroom 5, Bedroom 31, Bathroom 2, Bathroom 18, Bedroom 21, Bedroom 6, Bathroom 22, Bedroom 39, Bathroom 32, Bedroom 14, Bathroom 14, Bathroom 10, Bathroom 5, Bathroom 31, Bedroom 36, Bathroom 37, Bedroom 38, Bathroom 30, Bedroom 7, Bedroom 8, Bathroom 38, Bedroom 23, Bathroom 43, Bedroom 11, Bathroom 23, Bathroom 28, Bedroom 51, Bedroom 26, Bedroom 25, Bedroom 9, Bathroom 42, Bedroom 1
- Parking features
- Driveway, Garage
- Window features
- Vinyl Frames, Window Treatments, Insulated Windows
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Pantry, Tub/shower Combo
- Standard status
- Active
- APN
- 094h B 007.06
- Size
- 56,640 SF
- Lot size
- 21.26 Acres
Taxes and HOA fees
- Tax Description
- LT 21 SHAWN RIDGE SUB PH 2 PB73 PG1 99 REV 97-53 OUT OF 94-28 FOR 2004
- Tax Annual Amount
- 44843
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central, Heat Pump (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2013
- Floors in Building
- 2
- Number of units
- 44
- Flooring type
- Linoleum, Vinyl, Carpet
- Building materials
- Block, Brick, Vinyl Siding
- Roof type
- Shingle
Listing agent Tonya L Wilkey License #328732 (423) 322-6361
Listing office RE/MAX Properties 2242 Encompass Drive, Chattanooga, TN (423) 894-2900
Listing date Apr 23, 2026
MLS# 1533329
Listing URL
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.
HighLights
- Entire street of 22 duplexes (44 doors) offered as a single portfolio.
- Turnkey investment with a proven track record of stable income and long‑term tenants.
- Meticulously maintained by original owners, ensuring consistent care and upkeep.
- Desirable mix of one‑level and two‑story units with attached garages.
- Units equipped with refrigerator, stove, dishwasher, and laundry hookups.
- Flexible floor plans ranging from 2 bedrooms + den with 1.5 baths to 3 bedrooms + den with 2 full baths.
Overview
This for-sale multifamily portfolio consists of 22 duplexes totaling 44 doors. The mix includes 18 one-level units and 6 two-story units, each with attached garages. Unit layouts vary, offering configurations described as 2 bedrooms plus den with 1.5 baths up to 3 bedrooms plus den with 2 full baths.
The property is located at 8498 Shawn Ridge Road in Harrison, Tennessee (Hamilton County). Built between 1990 and 2013, the portfolio reflects long-term upkeep and consistent maintenance by the original owners. Units are equipped with a refrigerator, stove, and dishwasher, and most also include laundry hookups. In select units, there is additional 5x24 dry storage space.
Designed for straightforward residential income use, this package provides a single-ownership structure across multiple duplex buildings, which can support centralized operation. With apartments that range in size and floor plan type, the portfolio may appeal to tenants seeking den-style living space and on-site convenience features such as attached garages and in-unit kitchen appliances.
The property is located at 8498 Shawn Ridge Road in Harrison, Tennessee (Hamilton County). Built between 1990 and 2013, the portfolio reflects long-term upkeep and consistent maintenance by the original owners. Units are equipped with a refrigerator, stove, and dishwasher, and most also include laundry hookups. In select units, there is additional 5x24 dry storage space.
Designed for straightforward residential income use, this package provides a single-ownership structure across multiple duplex buildings, which can support centralized operation. With apartments that range in size and floor plan type, the portfolio may appeal to tenants seeking den-style living space and on-site convenience features such as attached garages and in-unit kitchen appliances.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $904.0k | $15.96 |
| − Vacancy | −$109.4k | −$1.93 |
| EGI | $794.6k | $14.03 |
| − OpEx | −$357.6k | −$6.31 |
| NOI | $437.0k | $7.72 |
56,640 SF · lease $15.96/SF/yr · vacancy 12.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.24M
$5.46M – $7.28M
NOI $437,026 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.41M
$8.23M – $10.97M
NOI $658,398 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Harrison
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.105299
- Latitude
- 35.171059
FAQs
What type of property is this?
Apartment building - A 22-duplex, 44-door income property with attached garages and in-unit appliances across varying unit layouts.
Where is this apartment building located?
The property is located at 8498 Shawn Ridge Road Harrison, TN.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Entire street of 22 duplexes (44 doors) offered as a single portfolio.; Turnkey investment with a proven track record of stable income and long‑term tenants.; Meticulously maintained by original owners, ensuring consistent care and upkeep.
