Updated 3-Unit
New
For Sale
$425,000
107 N C St, Lenoir City, TN 37771
Multi-Family, Lenoir City, TN
Property Size2,300 SF
Price / SF$184.78
Days on Market2
Property Features for 107 N C St
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Payne Map Of Lenoir City
Directions
.
Standard status
Active
APN
020N E 00800 000
Size
2,300 SF
Taxes and HOA fees
Tax Annual Amount
2374
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1908
Number of units
3
Flooring type
Hardwood, Laminate, Tile
Building materials
Frame
Roof type
Shingle
Listing Agency:
East TN-LPT Realty
(865) 500-4663
Listed By:
Jay Combes
(865) 320-3496
Added: Oct 4
Last Checked: Oct 5 at 6:06PM
MLS# 1357812
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.
The 2,300-square-foot triplex dates to 1908 and has updated interiors, bathrooms, and appliances. Recent property improvements include HVAC, roof, and window replacements. The home has central heating with natural gas, central air conditioning, and a porch. Flooring includes hardwood, laminate, and tile, and the roof is shingle.
Key Highlights
- Three‑unit residential property with 2,300 square feet
- Built in 1908; updated interiors and bathrooms
- New HVAC, roof, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,431
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
$448.6K
Cap Rate 7%
$320,443
$320.4K
Cap Rate 9%
$249,233
$249.2K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$34.5K $15.00/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$32.0K $13.93/SF
− OpEx
−$9.6K −$4.18/SF
NOI
$22.4K $9.75/SF
Area
Loudon County, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
Cap Rate 7%
$320,443
Cap Rate 9%
$249,233
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$294.9K
$258.0K – $344.0K
NOI $20,641 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$569.7K
$498.5K – $664.6K
NOI $39,876 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 37771, TN
16,822
Population
7,573
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
50.1 sq mi
ZIP Area
336
Density / Sq Mi
$62,338
Median Household Income
$33,330
Median Earnings
$946
Median Rent
$236,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences combine refreshed interiors with updated building systems and appliances.
Where is this triplex located?
The property is located at 107 N C St Lenoir City, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑unit residential property with 2,300 square feet; Built in 1908; updated interiors and bathrooms; New HVAC, roof, and windows
