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    400 W 2Nd Ave Lenoir City, TN 37771

    For Sale
    $549,900

    MULTI_FAMILY - Lenoir City, TN

    Property size:
    3,020 SF
    Days on Market:
    91
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 400 W 2Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 5
    Bedrooms
    7
    APN
    020N G 055.00
    Parking features
    Off Street
    Size
    3,020 SF

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Number of units
    4
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Vinyl Siding, Frame
    Roof type
    Asphalt

    Southland Brokers (865) 235-8655 [email protected]

    Listing agent Raj Cheema (865) 694-6161

    Listing date Sep 6, 2025

    Copyright © 2025 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.

    Overview

    Lenoir City Multifamily Investment

    Located in Lenoir City, the property at 400 W 2nd Ave is a multifamily property offering an investment opportunity. It features three updated 1-bedroom, 1-bathroom units and one larger 4-bedroom, 2-bathroom unit. The property has undergone modern renovations. The property size is 3,020 square feet and the lot size is 0 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.270526
    Latitude
    35.790378

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    FAQs

    What type of property is this?
    Quadplex - Multifamily property in Lenoir City with updated units.
    Where is this quadplex located?
    The property is located at 400 W 2Nd Ave Lenoir City, TN.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: - Four units provide immediate rental income and diversification.; - Updated 1 bed/1 bath units offer modern living spaces.; - Spacious 4 bed/2 bath unit provides options for larger families or higher rental income.
    (865) 694-6161
    Request Owner's contact information
    400 W 2Nd Ave Lenoir City, TN 37771
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    Lenoir City, TN 37771
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 W 2Nd Ave Lenoir City, TN 37771
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