Building Details

Year built 1978

Number of units 24

Building materials Brick

Roof type Shingle

Listing Agency: Southland Brokers J***@Southlandco.com Show Phone

Listed By: Raj Cheema Show Phone

Added: Apr 11 Changed: Aug 7 Last Checked: Sep 3 at 1:06AM

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MLS# 1336430

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 24-unit apartment complex in Caryville was built in 1978 and has undergone extensive renovation. Improvements include new flooring, roofing, PTAC units, appliances, cabinets, electrical panels and meters, along with updated plumbing and individual plumbing meters. The building is constructed with brick and has a shingle roof. Its unit mix includes studios, one-bedroom apartments, two-bedroom apartments and one four-bedroom apartment.

All utilities are separately metered, with tenants paying their own utility costs directly. The property is located at 281 John McGhee Blvd near an interstate exit, with access to I-75 and a short drive to Knoxville.

Key Highlights

• 24‑unit apartment complex with 9 studios, 11 one‑bedroom units, 3 two‑bedroom units and 1 four‑bedroom unit
• Renovated with new flooring, roof, PTAC units, appliances and cabinets
• Updated electrical panels, meters, plumbing and individual plumbing meters

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

106

Businesses Nearby

Explore this area Business Placement

Demographics for 37714, TN

4,352

Population

2,096

Households

2.1

Avg Household Size

43

Median Age

10%

College-Educated

84%

High-School Grad

64.4 sq mi

ZIP Area

68

Density / Sq Mi

$53,431

Median Household Income

$38,475

Median Earnings

$862

Median Rent

$192,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Renovated multifamily property with separately metered utilities and direct access to I-75.

Where is this apartment building located?

The property is located at 281 John McGhee Blvd Caryville, TN.

What is the asking price?

The asking price for this property is $2,149,900.

What are key features of this property?

This property features: 24‑unit apartment complex with 9 studios, 11 one‑bedroom units, 3 two‑bedroom units and 1 four‑bedroom unit; Renovated with new flooring, roof, PTAC units, appliances and cabinets; Updated electrical panels, meters, plumbing and individual plumbing meters