Two-Home Residential Income
4127/4129 Crippen Rd Knoxville, TN 37918
For Sale
$500,000
MULTI_FAMILY - Knoxville, TN
Property Size2,296 SF
Lot Size4.28 Acres
Price / SF$217.77
Days on Market146
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
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
Vinyl, Hardwood, Carpet
Building materials
Vinyl Siding, Frame
Roof type
Metal, Asphalt
Listing Agency:
Realty Executives Associates
(865) 688-3232
Listed By:
Tammie Hill
(865) 688-3232
Added: Mar 5
Changed: Jul 28
Last Checked: Jul 29 at 1:06PM
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 residential income property includes two separate homes on a single lot, plus a third hookup for potential additional use. Home #1 is a 3-bedroom basement ranch built in 1950 with updated metal roof, vinyl siding, and windows, and it has been freshly painted and readied for new tenants. Home #2 is a 2006 double-wide with three bedrooms and two baths, refreshed and ready for new tenants; HVAC and roof are approximately two years old, subfloors have been replaced, and kitchen appliances are included. A third hookup is available and includes an electrical meter, water hookup, and driveway, while a sewer hookup would need to be run.
The property is located on the corner of Crippen Rd and Doris Cir in the Halls area of Knoxville, TN. The site is described as zoned for commercial two- to four-family use.
Overall, the configuration supports multiple dwellings with separate residential units already in place and utility infrastructure available to connect an additional unit, subject to running the sewer line.
The property is located on the corner of Crippen Rd and Doris Cir in the Halls area of Knoxville, TN. The site is described as zoned for commercial two- to four-family use.
Overall, the configuration supports multiple dwellings with separate residential units already in place and utility infrastructure available to connect an additional unit, subject to running the sewer line.
Key Highlights
- Two homes on 2 acres in the heart of Halls, on the corner of Crippen Rd and Doris Cir
- Home #1: 3‑bedroom basement ranch built in 1950 with 1,176 SF plus unfinished basement
- Home #1 updates include updated metal roof, vinyl siding, windows, and fresh interior paint; central HVAC and central air
Financial Insights For Multifamily LT 5
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 | $34.4k | $15.00 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $32.0k | $13.93 |
| − OpEx | −$9.6k | −$4.18 |
| NOI | $22.4k | $9.75 |
2,296 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.9K
$279.9K – $373.2K
NOI $22,392 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 4.12%
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two maintained homes on over four acres, with a third utility hookup available for an additional unit.
Where is this duplex 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 homes on 2 acres in the heart of Halls, on the corner of Crippen Rd and Doris Cir; Home #1: 3‑bedroom basement ranch built in 1950 with 1,176 SF plus unfinished basement; Home #1 updates include updated metal roof, vinyl siding, windows, and fresh interior paint; central HVAC and central air
