Historic
For Sale
$349,000
910 E Martin Luther King Boulevard, Chattanooga, TN 37403
Residential Income, Chattanooga, TN
Property Size3,221 SF
Lot Size0.14 Acres
Price / SF$108.35
Days on Market54
Property Features for 910 E Martin Luther King Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3
Parking features
On Street
Fireplace
1
Subdivision
Park Place
Elementary school
Brown Academy
Middle school
Orchard Knob Middle
High school
Howard School of Academics & Tech
Directions
From MLK Blvd at city center, head east. Home is on the right.
Standard status
Active
APN
146h Q 005
Size
3,221 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Pt Lt 74 Park Place Addn Pb 1 Pg 2
Tax Annual Amount
5954
Legal Description
Pt Lt 74 Park Place Addn Pb 1 Pg 2
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Number of units
2
Listing Agency:
Clements Real Estate and Auction
Listed By:
Chas Clements · License #316241
(423) 842-9959
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 30 at 11:06AM
MLS# 1542372
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.
Built in 1910, this 3,221-square-foot duplex has one unit on each floor. The property occupies a 0.14-acre lot and includes a fireplace, public water, and public sewer. Parking is on street.
The home is in Chattanooga’s Park Place neighborhood, near the UTC campus and downtown. Its two-level arrangement is the defining feature of the existing residential layout.
The home is in Chattanooga’s Park Place neighborhood, near the UTC campus and downtown. Its two-level arrangement is the defining feature of the existing residential layout.
Key Highlights
- Duplex with one residential unit on each floor
- 3,221 square feet on a 0.14‑acre lot
- Built in 1910; includes a fireplace
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.
How Realmo checks its estimates
Property Analytics
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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-floor configuration places a separate residential unit on each level.
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: Duplex with one residential unit on each floor; 3,221 square feet on a 0.14‑acre lot; Built in 1910; includes a fireplace
