New Construction
For Sale
$550,000
2350 Parkview Ave, Knoxville, TN 37917
Multi-Family, Knoxville, TN
Property Size2,600 SF
Lot Size0.14 Acres
Price / SF$211.54
Days on Market11
Property Features for 2350 Parkview Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 6
Parking features
Off Street
Interior features
Kitchen Island
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Cold Springs
Elementary school
Sarah M Greene/Magnet
Middle school
Vine/Magnet
High school
Austin East/Magnet
Directions
Take James White Pkwy and Martin Luther King Jr Ave to Spruce St 7 min (3.5 mi) Turn right onto Sevierville Pike 0.2 mi Turn left onto James White Pkwy 1.5 mi Take the exit toward Hill Ave/Hall of Fame Dr/US-11/US-70/Neyland Dr 0.5 mi Use the right lane to take the ramp to Hill St 125 ft Turn right onto E Hill Ave 0.3 mi Continue onto Martin Luther King Jr Ave 1.0 mi Continue on Spruce St. Drive to Parkview Ave 22 sec (423 ft) Turn left onto Spruce St 335 ft Turn left onto Parkview Ave
Standard status
Active
APN
082OF025
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
32
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2026
Number of units
2
Building materials
Vinyl Siding, Block, Frame
Roof type
Composition
Listing Agency:
United Real Estate Solutions
(865) 444-2400
Listed By:
Nathan Stuart
(865) 356-0193
Added: Aug 21
Changed: Aug 27
Last Checked: Aug 31 at 3:06PM
MLS# 1352816
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.
Completed in 2026, this duplex contains 2,600 square feet arranged across two residences with six bedrooms and four bathrooms in total. Each side includes an open main-level layout, kitchen island, leathered granite countertops, stainless steel appliances, white marble backsplash, and soft-close cabinetry. The property also includes central air, electric heating, ceiling fans, and off-street parking.
Located at 2350 Parkview Ave in Knoxville, the property occupies 0.14 acres. Vinyl siding, block, and frame construction are paired with a composition roof. Appliances include a dishwasher, microwave, range, and refrigerator.
Located at 2350 Parkview Ave in Knoxville, the property occupies 0.14 acres. Vinyl siding, block, and frame construction are paired with a composition roof. Appliances include a dishwasher, microwave, range, and refrigerator.
Key Highlights
- 2,600‑square‑foot duplex with two residences
- Six bedrooms and four bathrooms total
- 2026 construction on a 0.14‑acre lot
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
$25,356
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
4.61%
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%
$507,120
$507.1K
Cap Rate 7%
$362,229
$362.2K
Cap Rate 9%
$281,733
$281.7K
Market Conditions
NOI Build-Up for 2,600 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
$39.0K $15.00/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$36.2K $13.93/SF
− OpEx
−$10.9K −$4.18/SF
NOI
$25.4K $9.75/SF
Area
Knoxville, 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 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%
$507,120
Cap Rate 7%
$362,229
Cap Rate 9%
$281,733
Alternative Uses
Best Use
Multifamily LT 5
$362.2K
$317.0K – $422.6K
NOI $25,356 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$333.3K
$291.7K – $388.9K
NOI $23,333 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,078 @ 7.0% cap · market cap 8.20%
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
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
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?
Duplex - Two residences feature open main levels, kitchen islands, and stainless steel appliances.
Where is this duplex located?
The property is located at 2350 Parkview Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,600‑square‑foot duplex with two residences; Six bedrooms and four bathrooms total; 2026 construction on a 0.14‑acre lot
