Glenwood Drive Duplex
For Sale
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175 Glenwood Dr, Chattanooga, TN 37404
Duplex with five bedrooms, updated units, and shared basement.
Property Size1,800 SF
Price / SF$166.67
Days on Market830
Property Features for 175 Glenwood Dr
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Mixed Use
Zoning
Commercial
Investment Type
Owner/User
Site & Location
Neighborhood
Glenwood Neighborhood Association
Building Details
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
United Real Estate Experts
Listed By:
Paul Avratin · License #TN 320065
(423) 303-6520
Source:
Crexi
Added: Jul 27, 2024
Changed: Oct 26
Last Checked: Nov 3 at 6:39AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$17,672
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,440
$353.4K
Cap Rate 7%
$252,457
$252.5K
Cap Rate 9%
$196,356
$196.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$25.2K $14.03/SF
− OpEx
−$7.6K −$4.21/SF
NOI
$17.7K $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%
$353,440
Cap Rate 7%
$252,457
Cap Rate 9%
$196,356
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.
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Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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.
