Duplex with Updated
For Sale
$329,900
Pending
9522 Fuller Road, Chattanooga, TN 37421
Residential duplex with one refreshed unit and a second unit requiring updates, located within the East Hamilton School District.
Property Size2,232 SF
Days on Market50
Property Features for 9522 Fuller Road
General Information
Standard status
Pending
Size
2,232 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,113
Building Details
Building Size
2,232 SF
Year Built
1987
Listing Agency:
Bentwood Property Group
Listed By:
Brad Epperson · License #282669
(423) 421-3323
Source:
Gracefrankgroup
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 16 at 2:48PM
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 Bentwood Property Group
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Investment Insights
Based on property information with market context.
This duplex was built in 1987 and includes Unit A and Unit B. Unit A has been recently updated and is described as being in average to good condition. Unit B has not received recent updates and is in average condition.
The property is located in the East Hamilton School District at 9522 Fuller Road in Chattanooga, Tennessee. It has remained under the ownership of the same family for more than 40 years.
The property is located in the East Hamilton School District at 9522 Fuller Road in Chattanooga, Tennessee. It has remained under the ownership of the same family for more than 40 years.
Key Highlights
- Duplex built in 1987
- Unit A recently updated and in average to good condition
- Unit B has not been recently updated and is in average condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,913
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,260
$438.3K
Cap Rate 7%
$313,043
$313.0K
Cap Rate 9%
$243,478
$243.5K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$33.5K $15.00/SF
− Vacancy
−$2.2K −$0.98/SF
EGI
$31.3K $14.03/SF
− OpEx
−$9.4K −$4.21/SF
NOI
$21.9K $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%
$438,260
Cap Rate 7%
$313,043
Cap Rate 9%
$243,478
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,913 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,663 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$492.9K
$431.3K – $575.1K
NOI $34,506 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
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 - Residential duplex with one refreshed unit and a second unit requiring updates, located within the East Hamilton School District.
Where is this duplex located?
The property is located at 9522 Fuller Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex built in 1987; Unit A recently updated and in average to good condition; Unit B has not been recently updated and is in average condition
