Triplex with Separate Utility
For Sale
$339,900
108 N Knob Creek Rd, Seymour, TN 37865
MULTI_FAMILY - Seymour, TN
Property Size3,417 SF
Price / SF$99.47
Days on Market88
Property Features for 108 N Knob Creek Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Dishwasher, Microwave, Refrigerator
Elementary school
Seymour Intermediate
Middle school
Seymour
High school
Seymour
Directions
Take Suburban Rd to Bridgewater Rd 29 sec (295 ft) Follow I-40 E and US-441 S to N Knob Creek Rd in Seymour 32 min (21.7 mi) Turn left onto N Knob Creek Rd
Subdivision
Sevier County - 27
Standard status
Active
APN
045 152.00
Size
3,417 SF
Taxes and HOA fees
Tax Annual Amount
614
Utilities
Heating system
Central, Natural Gas, Electric (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1960
Number of units
3
Flooring type
Tile, Carpet, Laminate, Hardwood, Vinyl, Parquet Wood
Building materials
Vinyl Siding, Brick, Frame
Roof type
Asphalt
Listing Agency:
Keller Williams Realty
(865) 694-5904
Listed By:
Dustin R Weaver
(865) 382-4921
Added: May 21
Changed: Aug 1
Last Checked: Aug 16 at 2:06PM
MLS# 1341830
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.
This triplex property on N Knob Creek Rd includes 3 potential income-producing units on one site. The brick home features a kitchen on both the main level and in the basement, supporting flexible use as living space or rental space. The brick property is served by two electrical meters, one water meter, and two septic tanks.
A double wide home on the same property has its own water meter, electric meter, and separate septic system, creating an additional separation for occupancy. The home needs some work, primarily in the basement unit of the brick home.
The property is approximately 3,417 square feet and was built in 1960. Interior finishes include a mix of tile, carpet, laminate, hardwood, vinyl, and parquet wood. Heating includes central, natural gas, and electric (heating), with central air and ceiling fans for cooling. Appliances listed are a dishwasher, microwave, and refrigerator. Parking is available off street, and the property has a porch.
A double wide home on the same property has its own water meter, electric meter, and separate septic system, creating an additional separation for occupancy. The home needs some work, primarily in the basement unit of the brick home.
The property is approximately 3,417 square feet and was built in 1960. Interior finishes include a mix of tile, carpet, laminate, hardwood, vinyl, and parquet wood. Heating includes central, natural gas, and electric (heating), with central air and ceiling fans for cooling. Appliances listed are a dishwasher, microwave, and refrigerator. Parking is available off street, and the property has a porch.
Key Highlights
- Three potential income‑producing units in one triplex setup
- Brick home: two electrical meters, one water meter, and two septic tanks
- Double wide: separate water meter, electric meter, and septic system
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
$25,371
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
7.46%
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%
$507,420
$507.4K
Cap Rate 7%
$362,443
$362.4K
Cap Rate 9%
$281,900
$281.9K
Market Conditions
NOI Build-Up for 3,417 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
$51.3K $15.00/SF
− Vacancy
−$5.1K −$1.50/SF
EGI
$46.1K $13.50/SF
− OpEx
−$20.8K −$6.08/SF
NOI
$25.4K $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%
$507,420
Cap Rate 7%
$362,443
Cap Rate 9%
$281,900
Alternative Uses
Best Use
Apartment 5plus
$362.4K
$317.1K – $422.9K
NOI $25,371 @ 7.0% cap · market cap 7.46%
Second Best
Multifamily LT 5
$266.4K
$233.1K – $310.8K
NOI $18,645 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,870 @ 7.0% cap · market cap 29.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
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
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex setup with three potential income units, offering separate utility and septic systems plus off-street parking.
Where is this triplex located?
The property is located at 108 N Knob Creek Rd Seymour, TN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three potential income‑producing units in one triplex setup; Brick home: two electrical meters, one water meter, and two septic tanks; Double wide: separate water meter, electric meter, and septic system
