Sevierville Multifamily Property with
1455 Chapman Highway, Sevierville, TN 37876
MULTI_FAMILY - Other - Sevierville, TN
Property size:
4,044 SFLot size:
1.28 AcresPrice / SF:
$148/SF- Added:
- Apr 2, 2026
- Days on Market:
- 52
- Last Refresh:
- May 23 at 9:06 am
Property Features for 1455 Chapman Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Dining Room
- Patio and Porch features
- Deck
- Interior features
- Cathedral Ceiling(s), Ceiling Fan(s), Kitchen/Dining Combo, Laminate Counters, Walk-In Closet(s)
- Fireplace
- 1
- Basement
- Finished, Full
- Appliances
- Dishwasher, Dryer, Electric Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 048 07906 000
- Size
- 4,044 SF
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 947
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Flooring type
- Carpet, Tile, Hardwood
- Building materials
- Block, Brick, Frame, Vinyl Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Leonard H. Waring (865) 428-5711
Listing office Moonbug Group 533 Dolly Parton Parkway, Sevierville, TN (865) 428-5711
Listing date Apr 2, 2026
MLS# 311106
Listing URL
Copyright © 2026 Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Basement apartment currently rented for $850/month, featuring a full kitchen, utility room, bedroom, and living area.
- Three kitchens offer flexibility for various living arrangements.
- Two‑car garage on the main level offers convenient parking.
- Finished attic bonus room (576 sq ft) provides additional living space.
- Well‑built brick house with ample square footage.
- Convenient location on Chapman Hwy.
Overview
This property is located on Chapman Highway, past the intersection of Old Knoxville Highway and Chapman Highway. The brick house has ample square footage and a septic permit for three bedrooms. The main floor features two bedrooms, while the basement includes a one-bedroom apartment with a full kitchen, utility room, bedroom, and living area. The basement apartment is currently rented for $850.00 per month. The property also includes a two-car garage on the main level. The attic is finished, providing a bonus room of 576 square feet. The garage on the main level is also finished and measures 576 square feet, while the downstairs garage is unfinished. The property is zoned R-1 and sits on a 1.28-acre lot. The total property size is 4044 square feet. There are a total of three kitchens, two on the main floor and one in the apartment. This home is suitable for multiple housing.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$333.6K
NOI $30,027 @ 9.00% cap · cautious / downside scenario
Moderate
$429.0K
NOI $30,027 @ 7.00% cap · market / base-case scenario
Aggressive
$600.5K
NOI $30,027 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $15.00 |
| − Vacancy | −$6.1k | −$1.50 |
| EGI | $54.6k | $13.50 |
| − OpEx | −$24.6k | −$6.08 |
| NOI | $30.0k | $7.43 |
4,044 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$429.0K
$375.3K – $500.5K
NOI $30,027 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,379 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Sevierville
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.599932
- Latitude
- 35.867742
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with basement apartment and multiple kitchens.
Where is this apartment building located?
The property is located at 1455 Chapman Highway Sevierville, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Basement apartment currently rented for $850/month, featuring a full kitchen, utility room, bedroom, and living area.; Three kitchens offer flexibility for various living arrangements.; Two‑car garage on the main level offers convenient parking.
