Brick Duplex with Updated
New
For Sale
$294,900
900 Peppermill Road, Chattanooga, TN 37411
Residential Income, Chattanooga, TN
Property Size1,910 SF
Lot Size0.35 Acres
Price / SF$154.40
Days on Market2
Property Features for 900 Peppermill Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Off Street
Window features
Aluminum Frames
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Laminate Counters
Exterior features
Storage
Appliances
Refrigerator, Free-Standing Electric Range, Electric Range, Electric Oven, Electric Cooktop, Dishwasher
Subdivision
Peppermill Village # 2
Lot features
Back Yard, Cleared, Level, Private
Elementary school
Woodmore Elementary
Middle school
Dalewood Middle
High school
Brainerd High
Directions
Brainerd Rd. to N Moore Rd North, right on Marilyn Ln, left on Peppermill, duplex is on the right.
Standard status
Active
APN
157c M 016.15
Size
1,910 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LOT 23 PEPPERMILL VILLAGE SUB #2 34 -59 OUT OF 157C-M-16
Tax Annual Amount
3093
Legal Description
LOT 23 PEPPERMILL VILLAGE SUB #2 34 -59 OUT OF 157C-M-16
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private backyard
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(423) 664-1600
Listed By:
Norma G Whaley · License #TN312022
(423) 785-7605
Added: Oct 13
Last Checked: Oct 14 at 1:06AM
MLS# 1544552
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.
This 1,910-square-foot duplex contains two units and is constructed of brick. One unit has received interior and exterior paint, new flooring, appliances, countertops, bathroom finishes, light fixtures, and gutters. The other unit is occupied. The property includes four bedrooms and two bathrooms in total, along with off-street parking, a patio, and a cleared backyard.
The 0.35-acre property is in Chattanooga, with access to I-24, I-75, and downtown Chattanooga described as minutes away. Built in 1985, the residence has central heating and cooling, public water, and public sewer.
The 0.35-acre property is in Chattanooga, with access to I-24, I-75, and downtown Chattanooga described as minutes away. Built in 1985, the residence has central heating and cooling, public water, and public sewer.
Key Highlights
- Two‑unit brick duplex with 1,910 square feet of building area
- 0.35‑acre parcel in Chattanooga
- One 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
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a combined four bedrooms and two bathrooms, with off-street parking and a private backyard.
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 with 1,910 square feet of building area; 0.35‑acre parcel in Chattanooga; One unit updated with new flooring, appliances, countertops, bathroom finishes, lighting, paint, and gutters
