508 E Central Ave, La Follette, TN 37766
- Added:
- Jun 16, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 16 at 1:06 pm
Property Features for 508 E Central Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Windows - Vinyl
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 085K F 00300 000
- Size
- 4,040 SF
Taxes and HOA fees
- Tax Annual Amount
- 2715
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1930
- Number of units
- 7
- Flooring type
- Tile, Vinyl
- Building materials
- Vinyl Siding, Frame
- Roof type
- Metal
Listing agent Mark Hunter (865) 724-8106
Listing office United Real Estate Solutions 308 N Peters Rd Suite 225, Knoxville, TN (865) 444-2400
Listing date Jun 16, 2026
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.
HighLights
- Two‑building complex with eight units, all described as fully renovated
- Active rentals in place with historical occupancy
- Metal roof; vinyl siding and vinyl‑frame exterior materials
- Central electric heating with central air and ceiling fans
- Vinyl and tile flooring; includes appliances such as range and refrigerator
- Year built: 1930
Overview
The property is located at 508 E Central Ave in LaFollette, within Campbell County, Tennessee. Public remarks note convenient access via nearby interstate routes and proximity to Norris Lake and outdoor recreation opportunities, which can be relevant for tenant and guest demand tied to the area.
For investors and operators, the unit mix and recent renovations may support a hands-on plan that can include long-term residential leasing and/or short-term rental operations, depending on business strategy and requirements. With active rentals in place as described in the remarks, the property may also appeal to buyers looking for a turnkey approach rather than a ground-up renovation. Please contact a broker for showing details and to review the current unit configuration and updates.
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 | $71.3k | $17.64 |
| − Vacancy | −$5.3k | −$1.32 |
| EGI | $65.9k | $16.32 |
| − OpEx | −$29.7k | −$7.34 |
| NOI | $36.3k | $8.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- La Follette
- County
- Campbell
- State
- Tennessee
- Longitude
- -84.116883
- Latitude
- 36.384823
