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Glenwood Drive Duplex Opportunity

175 Glenwood Dr, Chattanooga, TN 37404

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Duplex with five bedrooms, updated units, and shared basement.

Type:Mixed Use

Property size:

1,800 SF

Price / SF:

$166/SF

HighLights

Duplex property offering investment and/or owner‑occupancy potential.
Features two separate units: one with 2 bedrooms/1 bath, and another with 3 bedrooms/1 bath.
Total of 5 bedrooms and 2 bathrooms across both units.
Recently cleaned and renovated with fresh paint and redone floors.
Includes shared basement with separate laundry areas for each unit.
Located in a desirable area close to amenities.

We can help!

Listing Contact

Paul Avratin

For Sale

Contact for pricing

Duplex with five bedrooms, updated units, and shared basement.

Type:Mixed Use

Property size:

1,800 SF

Price / SF:

$166/SF

Added:: Jul 27, 2024
Days on Market:: 688
Last Refresh:: May 12 at 10:05 pm

Property Features for 175 Glenwood Dr

General Information

Standard status: Active
Size: 1,800 SF
Property subtype: Mixed Use

Building Details

Year Built: 1960

We can help!

Listing Contact

Paul Avratin

Listing agent Paul Avratin License #TN 320065

Listing office United Real Estate Experts

Listing date Jul 27, 2024

Source Crexi

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 United Real Estate Experts

HighLights

Duplex property offering investment and/or owner‑occupancy potential.
Features two separate units: one with 2 bedrooms/1 bath, and another with 3 bedrooms/1 bath.
Total of 5 bedrooms and 2 bathrooms across both units.
Recently cleaned and renovated with fresh paint and redone floors.
Includes shared basement with separate laundry areas for each unit.
Located in a desirable area close to amenities.

Overview

Located at 175 Glenwood Dr, this duplex presents an opportunity to own real estate in a desirable area. The property includes a total of 5 bedrooms and 2 bathrooms, divided into two units. Apartment A features 2 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. Apartment B offers 3 bedrooms, 1 bathroom, a living room, and an eat-in kitchen. The total area of the duplex is 1800 square feet. Both units share a basement that can be used for storage, and each has its own laundry area. The units have been cleaned, freshly painted, and the floors have been redone. The location provides convenient access to amenities. This duplex is suitable as a new home or as an investment property, with the potential to live in one unit and rent out the other.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.0k	$15.00
− Vacancy	−$1.8k	−$0.98
EGI	$25.2k	$14.03
− OpEx	−$7.6k	−$4.21
NOI	$17.7k	$9.82

1,800 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$252.5K

$220.9K – $294.5K (±1% cap)

NOI $17,672 @ 7.0% cap · market cap 5.89%

Second Best

Apartment 5plus

$226.5K

$198.2K – $264.3K (±1% cap)

NOI $15,857 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$397.5K

$347.9K – $463.8K (±1% cap)

NOI $27,828 @ 7.0% cap · market cap 9.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Chattanooga
County: Hamilton
State: Tennessee
Longitude: -85.2634413
Latitude: 35.0332422

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For sale
Duplexes
TN
Chattanooga
37404
175 Glenwood Dr

What type of property is this?

Duplex - Duplex with five bedrooms, updated units, and shared basement.

Where is this duplex located?

The property is located at 175 Glenwood Dr Chattanooga, TN.

What is the asking price?

The asking price for this property is $299,999.

What are key features of this property?

This property features: Duplex property offering investment and/or owner‑occupancy potential.; Features two separate units: **one with 2 bedrooms/1 bath, and another with 3 bedrooms/1 bath.**; Total of 5 bedrooms and 2 bathrooms across both units.