Five-Unit Multifamily Investment
600 Radford Place Knoxville, TN 37917
600 Radford Place, Knoxville, TN, 37917
$504,000
Pending
For Sale
$504,000
Pending
MULTI_FAMILY - Knoxville, TN
Property Size3,618 SF
Lot Size0.29 Acres
Days on Market64
Property Features for 600 Radford Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 3
- Parking features
- Off Street
- Appliances
- Range, Refrigerator
- Standard status
- Pending
- APN
- 081CL012
- Size
- 3,618 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4441
Utilities
- Heating system
- Electric (Heating), Space Heater, Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1910
- Number of units
- 5
- Flooring type
- Hardwood
- Building materials
- Frame
- Roof type
- Shingle, Asphalt
Listing agency
The Real Estate Firm, Inc.
(865) 770-4030
Listed by
Fredda Augusta Temples
(865) 770-4030
Added: May 21 Updated: Jul 11 at 3:37AM Checked: Jul 23 at 7:06AM
MLS# 1341904
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 five-unit rental property is located in the Lincoln Park neighborhood, near Downtown Knoxville and the University of Tennessee. Restaurants, schools, churches, and shopping are conveniently located within walking distance. Situated on a corner lot, the property features spacious main-level units with high ceilings and hardwood floors. Some electrical and plumbing systems were updated in 2025. New water heaters are installed in each unit. Separate water meters with new water lines to each unit were installed by KUB in 2025-2026. The property features low-maintenance siding and a newer roof. In 2025, the property grossed over $47,520. The units are currently on month-to-month leases. Unit 5 is vacant and requires repairs from water intrusion, which has since been remedied. The site provides ample off-road parking and a large rear storage building for the owner's use. The property has a size of 3618 square feet and sits on a lot of approximately 0.29 acres.
Key Highlights
- 5‑unit rental property on a corner lot in Lincoln Park near Downtown and the University of Tennessee
- Some electrical and plumbing systems updated in 2025, plus a new water heater in each unit
- Separate water meters installed by KUB with new water lines to each unit in 2025–2026
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 | $63.8k | $17.64 |
| − Vacancy | −$4.8k | −$1.32 |
| EGI | $59.0k | $16.32 |
| − OpEx | −$26.6k | −$7.34 |
| NOI | $32.5k | $8.97 |
3,618 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$463.8K
$405.9K – $541.2K
NOI $32,469 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.1K
$784.1K – $1.05M
NOI $62,727 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit rental property near Downtown and University of Tennessee.
Where is this apartment building located?
The property is located at 600 Radford Place Knoxville, TN.
What is the asking price?
The asking price for this property is $504,000.
What are key features of this property?
This property features: 5‑unit rental property on a corner lot in Lincoln Park near Downtown and the University of Tennessee; Some electrical and plumbing systems updated in 2025, plus a new water heater in each unit; Separate water meters installed by KUB with new water lines to each unit in 2025–2026
