Two-Home Multifamily
For Sale
$500,000
4127/4129 Crippen Rd, Knoxville, TN 37918
Multi-Family, Knoxville, TN
Property Size2,296 SF
Lot Size4.28 Acres
Price / SF$217.77
Days on Market196
Property Features for 4127/4129 Crippen Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Directions
North on Hwy 33/Maynardville Hwy to left on Crippen Rd, property on left
Subdivision
Knox County - 1
Standard status
Active
APN
038LA021
Size
2,296 SF
Lot size
4.28 Acres
Taxes and HOA fees
Tax Annual Amount
1351
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1950
Number of units
2
Flooring type
Carpet, Vinyl, Hardwood
Building materials
Vinyl Siding, Frame
Roof type
Metal, Asphalt
Listing Agency:
Realty Executives Associates · Realty Executives International
(865) 688-3232
Listed By:
Tammie Hill · License #1828
(865) 256-3805
Added: Mar 5
Changed: Sep 12
Last Checked: Sep 17 at 4:06AM
MLS# 1331630
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 multifamily property includes two residences totaling 2,296 square feet. The first is a 3-bedroom basement ranch constructed in 1950, with 1,176SF of finished space and an unfinished basement. Improvements include vinyl siding, replacement windows, a metal roof, fresh interior paint, and a mix of carpet, vinyl, and hardwood flooring. The second residence is a 2006 double-wide offering 3 bedrooms and 2 baths within 1,120SF. It has updated subfloors, kitchen appliances, and HVAC and roof systems approximately 2 years old.
A third hookup is already established with an electrical meter, water connection, and driveway; sewer service would need to be extended. The property is located at the corner of Crippen Rd and Doris Cir in Halls, Knoxville, and carries Commercial 2-4 family zoning. Off-street parking and porch features are included.
A third hookup is already established with an electrical meter, water connection, and driveway; sewer service would need to be extended. The property is located at the corner of Crippen Rd and Doris Cir in Halls, Knoxville, and carries Commercial 2-4 family zoning. Off-street parking and porch features are included.
Key Highlights
- Two residences totaling 2,296 square feet
- 3‑bedroom basement ranch built in 1950 with 1,176SF plus unfinished bsmnt
- 2006 double‑wide with 3 bedrooms/2 baths and 1120SF
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
$20,605
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
4.12%
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%
$412,100
$412.1K
Cap Rate 7%
$294,357
$294.4K
Cap Rate 9%
$228,944
$228.9K
Market Conditions
NOI Build-Up for 2,296 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
$40.5K $17.64/SF
− Vacancy
−$3.0K −$1.32/SF
EGI
$37.5K $16.32/SF
− OpEx
−$16.9K −$7.34/SF
NOI
$20.6K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$412,100
Cap Rate 7%
$294,357
Cap Rate 9%
$228,944
Alternative Uses
Best Use
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,807 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences are prepared for new tenants, with a third utility hookup available.
Where is this multifamily property located?
The property is located at 4127/4129 Crippen Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two residences totaling 2,296 square feet; 3‑bedroom basement ranch built in 1950 with 1,176SF plus unfinished bsmnt; 2006 double‑wide with 3 bedrooms/2 baths and 1120SF
