Brick Duplex with Private
New
For Sale
$294,900
900 Peppermill Road, Chattanooga, TN 37411
The two-unit property includes a substantially renovated interior and outdoor space behind the building.
Property Size1,910 SF
Days on Market4
Property Features for 900 Peppermill Road
General Information
Standard status
Active
Size
1,910 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
private backyard
Building Details
Building Size
1,910 SF
Year Built
1985
Buildings
1
Stories
1
Construction
brick
Tenancy
Single
Listing Agency:
Keller Williams Realty
Listed By:
Norma G Whaley · License #TN312022
(423) 785-7605
Source:
Homefirstteam.kw
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 5:46AM
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 1,910-square-foot, all-brick duplex was built in 1985 and contains two units. One side is vacant and has received interior and exterior paint, new flooring, appliances, countertops, bathroom updates, light fixtures, and gutters. The property also has a cleared private backyard. The other unit is occupied by a long-term tenant.
The home is located on Peppermill Road in Chattanooga, with access to I-24 and I-75 and downtown Chattanooga described as minutes away.
The home is located on Peppermill Road in Chattanooga, with access to I-24 and I-75 and downtown Chattanooga described as minutes away.
Key Highlights
- Two‑unit brick duplex totaling 1,910 square feet
- Built in 1985
- Vacant unit updated with new flooring, appliances, countertops, bathroom finishes, lighting, paint, and gutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,751
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,020
$375.0K
Cap Rate 7%
$267,871
$267.9K
Cap Rate 9%
$208,344
$208.3K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$28.7K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$26.8K $14.03/SF
− OpEx
−$8.0K −$4.21/SF
NOI
$18.8K $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%
$375,020
Cap Rate 7%
$267,871
Cap Rate 9%
$208,344
Alternative Uses
Best Use
Multifamily LT 5
$267.9K
$234.4K – $312.5K
NOI $18,751 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$240.4K
$210.3K – $280.4K
NOI $16,826 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$421.8K
$369.1K – $492.1K
NOI $29,528 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
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 - The two-unit property includes a substantially renovated interior and outdoor space behind the building.
Where is this duplex located?
The property is located at 900 Peppermill Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 1,910 square feet; Built in 1985; Vacant unit updated with new flooring, appliances, countertops, bathroom finishes, lighting, paint, and gutters
