Occupied Two-Unit
For Sale
$284,900
Pending
1005 Lisa St, Seymour, TN 37865
Multi-Family, Seymour, TN
Property Size1,400 SF
Lot Size0.37 Acres
Days on Market29
Property Features for 1005 Lisa St
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Patio
Appliances
Range, Refrigerator
Subdivision
Nails Creek
Directions
(S) Chapman Hwy to Seymour to (R) Burnett Station Rd to (R) Royal Ave to (L) Baker St to (R) Lisa St and property at sign
Standard status
Pending
APN
004K A 01100 000
Size
1,400 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
1117
Utilities
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1993
Number of units
2
Flooring type
Tile, Laminate, Vinyl
Building materials
Brick, Block
Roof type
Shingle, Asphalt
Listing Agency:
ReMax Preferred Properties, Inc · RE/MAX International
(865) 609-6009
Listed By:
Teresa Luttrell · License #22758
(865) 694-8100
Added: Jul 28
Changed: Aug 25
Last Checked: Aug 25 at 8:06PM
MLS# 1350063
Copyright © 2026 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1993, this duplex includes two occupied residential units, each configured with one bedroom, one bathroom, a living room, and a large utility room. Range and refrigerator appliances are included, with tile, laminate, and vinyl flooring throughout the property. Brick-and-block construction, shingle and asphalt roofing, central air, and electric heat pump service support the building’s basic residential infrastructure.
The property sits on a 0.37-acre lot in Seymour, Tennessee, with off-street parking and patio areas. Its location provides access to everyday shopping, dining, and major thoroughfares. Both units have renters in place, and the existing two-unit configuration also supports future owner occupancy of one unit.
The property sits on a 0.37-acre lot in Seymour, Tennessee, with off-street parking and patio areas. Its location provides access to everyday shopping, dining, and major thoroughfares. Both units have renters in place, and the existing two-unit configuration also supports future owner occupancy of one unit.
Key Highlights
- Two‑unit duplex with renters in place
- Each unit includes 1 bedroom, 1 bath, a living room, and a large utility room
- 0.37‑acre lot in Seymour, TN
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,395
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,900
$207.9K
Cap Rate 7%
$148,500
$148.5K
Cap Rate 9%
$115,500
$115.5K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$21.0K $15.00/SF
− Vacancy
−$2.1K −$1.50/SF
EGI
$18.9K $13.50/SF
− OpEx
−$8.5K −$6.08/SF
NOI
$10.4K $7.43/SF
Area
Sevier County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,900
Cap Rate 7%
$148,500
Cap Rate 9%
$115,500
Alternative Uses
Best Use
Apartment 5plus
$148.5K
$129.9K – $173.3K
NOI $10,395 @ 7.0% cap · market cap 3.65%
Second Best
Multifamily LT 5
$109.1K
$95.5K – $127.3K
NOI $7,639 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$590.4K
$516.6K – $688.8K
NOI $41,328 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 37865, TN
22,567
Population
10,329
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
73.3 sq mi
ZIP Area
308
Density / Sq Mi
$88,410
Median Household Income
$43,269
Median Earnings
$1,351
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-block duplex with patios, off-street parking, and existing renters in both units.
Where is this duplex located?
The property is located at 1005 Lisa St Seymour, TN.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑unit duplex with renters in place; Each unit includes 1 bedroom, 1 bath, a living room, and a large utility room; 0.37‑acre lot in Seymour, TN
