Knoxville 6-Plex Investor
2818 Dayton St Knoxville, TN 37921
2818 Dayton St, Knoxville, TN, 37921
$779,900
For Sale
$779,900
MULTI_FAMILY - Knoxville, TN
Property Size3,550 SF
Price / SF$219.69
Days on Market151
Property Features for 2818 Dayton St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 6, Bedroom 4
- Parking features
- Off Street
- Standard status
- Active
- APN
- 093DF019
- Size
- 3,550 SF
Taxes and HOA fees
- Tax Annual Amount
- 5510
Utilities
- Heating system
- Space Heater, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1969
- Number of units
- 6
- Flooring type
- Laminate, Vinyl
- Building materials
- Brick, Block
- Roof type
- Shingle
Listing Agency
Southland Brokers
(865) 694-6111
244 N Peters Road, Knoxville, TN
Listed by
Raj Cheema
(865) 466-7240
Added: Feb 16 Checked: Jul 17 at 8:06 am
MLS# 1329548
Listing URL
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.
Located just off Western Ave in Knoxville, this fully occupied 6-plex at 2818 Dayton Street presents an investment opportunity. The property's location provides convenient access to Downtown Knoxville, I-640, restaurants, shopping, and employers. The 3,550 square foot building contains six units, each featuring 1 bedroom and 1 bathroom. All units are currently leased, providing immediate cash flow. A new roof was installed in 2021, and the main water line was replaced in 2024. The property's location and stable occupancy make it a potential addition to any rental portfolio.
Key Highlights
- Fully occupied 6‑plex with six 1 bed / 1 bath units, all currently leased
- New roof installed in 2021
- Main water line replaced in 2024
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.6k | $17.64 |
| − Vacancy | −$4.7k | −$1.32 |
| EGI | $57.9k | $16.32 |
| − OpEx | −$26.1k | −$7.34 |
| NOI | $31.9k | $8.97 |
3,550 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$455.1K
$398.2K – $531.0K
NOI $31,859 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.3K
$769.4K – $1.03M
NOI $61,548 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Orielys
Gas Station
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 6-unit building near Downtown Knoxville with immediate cashflow.
Where is this apartment building located?
The property is located at 2818 Dayton St Knoxville, TN.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Fully occupied 6‑plex with six 1 bed / 1 bath units, all currently leased; New roof installed in 2021; Main water line replaced in 2024
