Duplex with Shared Fenced
633 Russell Ave Harriman, TN 37748
633 Russell Ave, Harriman, TN, 37748
$330,000
For Sale
$330,000
MULTI_FAMILY - Harriman, TN
Property Size1,960 SF
Lot Size0.53 Acres
Price / SF$168.37
Days on Market21
Property Features for 633 Russell Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
- Parking features
- Off Street, Garage, Carport, Open
- Interior features
- Walk-In Closet(s), Kitchen Island, Pantry
- Appliances
- Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 036G G 01700 000
- Size
- 1,960 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3429
Utilities
- Heating system
- Electric (Heating), Central, Natural Gas, Forced Air, Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2010
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing agency
Lake Homes Realty of East Tennessee
(865) 850-2518
Listed by
Tevis Hope
(865) 278-4456
Added: Jul 3 Updated: Jul 12 at 6:36AM Checked: Jul 23 at 12:06AM
MLS# 1346853
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 duplex offers two separate residential units with shared outdoor space. Unit #1 is a 1-bedroom, 1-bath layout, and Unit #2 is a 2-bedroom, 1-bath layout. Both units have access to a massive, fully fenced shared yard. The property also includes an attached garage and dedicated laundry hookups to support convenient in-home laundry for residents.
The duplex is situated on a 0.53-acre lot and includes a second parcel: a 0.47-acre vacant lot. The combined site configuration provides flexibility for an owner looking to maintain and rent the existing units while also having land available for future plans related to development or expansion. Buyer to verify all information.
For tenants or buyers seeking a straightforward two-unit setup, the mix of unit sizes may appeal to different household needs while maintaining a common outdoor area suitable for everyday use. The included attached garage and in-unit laundry hookups are practical conveniences, and the additional vacant lot gives the ownership group options beyond the current footprint, subject to verification of intended use and feasibility by the buyer.
The duplex is situated on a 0.53-acre lot and includes a second parcel: a 0.47-acre vacant lot. The combined site configuration provides flexibility for an owner looking to maintain and rent the existing units while also having land available for future plans related to development or expansion. Buyer to verify all information.
For tenants or buyers seeking a straightforward two-unit setup, the mix of unit sizes may appeal to different household needs while maintaining a common outdoor area suitable for everyday use. The included attached garage and in-unit laundry hookups are practical conveniences, and the additional vacant lot gives the ownership group options beyond the current footprint, subject to verification of intended use and feasibility by the buyer.
Key Highlights
- Dual‑income setup with 2 units: Unit #1 is 1 bed / 1 bath; Unit #2 is 2 bed / 1 bath
- Shared, fully fenced yard with pet‑friendly outdoor access for both units
- Dedicated laundry hookups and an attached garage for parking and extra storage
Local 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 | $29.4k | $15.00 |
| − Vacancy | −$2.1k | −$1.07 |
| EGI | $27.3k | $13.93 |
| − OpEx | −$8.2k | −$4.18 |
| NOI | $19.1k | $9.75 |
1,960 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.2K
NOI $17,590 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 10.30%
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?
Duplex - Two rental units share a fully fenced yard and attached garage, with laundry hookups and an included adjacent vacant lot.
Where is this duplex located?
The property is located at 633 Russell Ave Harriman, TN.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Dual‑income setup with 2 units: Unit #1 is 1 bed / 1 bath; Unit #2 is 2 bed / 1 bath; Shared, fully fenced yard with pet‑friendly outdoor access for both units; Dedicated laundry hookups and an attached garage for parking and extra storage
