For Sale
$350,000
918 S Crest Road, Chattanooga, TN 37404
Duplexes
Days on Market74
Property Features for 918 S Crest Road
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
2,178 SF
Year Built
1972
Listing Agency:
Keller Williams Realty
(423) 902-9445
Listed By:
Nathan Torgerson · License #323740
(423) 902-9445
Source:
Gracefrankgroup
Added: May 18
Changed: Jul 30
Last Checked: Jul 30 at 2:32AM
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
Financial Insights For Multifamily LT 5
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 | $32.7k | $15.00 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $30.5k | $14.03 |
| − OpEx | −$9.2k | −$4.21 |
| NOI | $21.4k | $9.82 |
2,178 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.5K
$267.3K – $356.4K
NOI $21,383 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$274.1K
$239.8K – $319.8K
NOI $19,187 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$481.0K
$420.9K – $561.2K
NOI $33,672 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 918 S Crest Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $350,000.
