Glenwood Drive Duplex
175 Glenwood Dr Chattanooga, TN 37404
For Sale
Contact for pricing
Duplex with five bedrooms, updated units, and shared basement.
Property Size1,800 SF
Price / SF$166.67
Days on Market734
Property Features for 175 Glenwood Dr
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Mixed Use
Building Details
Year Built
1960
Listing Agency:
United Real Estate Experts
(423) 303-6520
Listed By:
Paul Avratin · License #TN 320065
Source:
Crexi
Added: Jul 27, 2024
Changed: Jul 6
Last Checked: Jul 29 at 9:34AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
NOI $17,672 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$397.5K
$347.9K – $463.8K
NOI $27,828 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
