Two-Unit
New
For Sale
$349,000
910 E Martin Luther King Boulevard, Chattanooga, TN 37403
Two floors each contain a residential unit with two bedrooms, two bathrooms, a kitchen, and living space.
Property Size3,221 SF
Price / SF$108.35
Days on Market5
Property Features for 910 E Martin Luther King Boulevard
General Information
Standard status
Active
Size
3,221 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
finish renovations
Site & Location
Neighborhood
Martin Luther King Neighborhood Association
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,954
Building Details
Building Size
3,221 SF
Year Built
1910
Listing Agency:
Clements Real Estate and Auction
Listed By:
Chas Clements · License #316241
(423) 842-9959
Source:
Lawrenceteamhomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 9:53AM
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 Clements Real Estate and Auction
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Investment Insights
Based on property information with market context.
Built in 1910, this 3,221-square-foot duplex has one unit on each floor. Both units are configured with two bedrooms, two bathrooms, a kitchen, and living space. The property is zoned commercial as a duplex.
The building is in Chattanooga’s Park Place neighborhood, near the University of Tennessee at Chattanooga campus and downtown. Its two-floor layout defines the existing residential configuration.
The building is in Chattanooga’s Park Place neighborhood, near the University of Tennessee at Chattanooga campus and downtown. Its two-floor layout defines the existing residential configuration.
Key Highlights
- 3,221‑square‑foot building constructed in 1910
- Two units, one on each floor
- Each unit has two bedrooms, two bathrooms, a kitchen, and living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,622
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,440
$632.4K
Cap Rate 7%
$451,743
$451.7K
Cap Rate 9%
$351,356
$351.4K
Market Conditions
NOI Build-Up for 3,221 SF
Gross rent
$48.3K $15.00/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$45.2K $14.03/SF
− OpEx
−$13.6K −$4.21/SF
NOI
$31.6K $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%
$632,440
Cap Rate 7%
$451,743
Cap Rate 9%
$351,356
Alternative Uses
Best Use
Multifamily LT 5
$451.7K
$395.3K – $527.0K
NOI $31,622 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$405.4K
$354.7K – $472.9K
NOI $28,376 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$711.4K
$622.5K – $829.9K
NOI $49,796 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
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Business Placement
Demographics for 37403, TN
5,666
Population
2,394
Households
2.4
Avg Household Size
26
Median Age
49%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
3,333
Density / Sq Mi
$65,750
Median Household Income
$12,410
Median Earnings
$1,253
Median Rent
$444,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two floors each contain a residential unit with two bedrooms, two bathrooms, a kitchen, and living space.
Where is this duplex located?
The property is located at 910 E Martin Luther King Boulevard Chattanooga, TN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 3,221‑square‑foot building constructed in 1910; Two units, one on each floor; Each unit has two bedrooms, two bathrooms, a kitchen, and living space
