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    Turnkey Short-Term Rental Duplex Title is generated by Realmo AI

    6628 Greer Rd, Knoxville, TN 37918

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    For Sale
    $545,000

    MULTI_FAMILY - Knoxville, TN

    Property size:
    2,376 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $229/SF
    Added:
    Jun 6, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 6628 Greer Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Dining Room, Bedroom 2, Bathroom 3
    Patio and Porch features
    Patio, Porch
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    057NB00602
    Size
    2,376 SF
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Annual Amount
    483

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Zoned, Central Air

    Building Details

    Year built
    1956
    Number of units
    2
    Flooring type
    Laminate, Tile
    Building materials
    Block, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Solange Velas
    Solange Velas

    Listing agent Solange Velas

    Listing office Goldman Partners Realty, LLC 1017 N Broadway, Knoxville, TN

    Listing date Jun 6, 2026

    MLS# 1343761 Listing URL

    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

    • 5‑bedroom, 4‑bath property built in 1956, currently configured as a duplex with two fully equipped units
    • Accommodates up to 17 guests across 9 beds, with dining areas seating 8 (main) and 6 (second unit)
    • Two full kitchens, plus dual laundry setup (2 washer and 3 dryer connections) and 2 hot water heaters
    • Utilities are separately metered for both water and electricity, with separate HVAC systems for each unit
    • Outdoor features include a screened‑in porch, BBQ patio, and a private fenced backyard with a children’s playset
    • Gravel pull‑through driveway provides parking for 7+ vehicles with additional overflow for trailers or boats

    Overview

    This turnkey duplex in Knoxville is currently operated as a short-term rental and offers two fully equipped units configured for group stays. The property’s overall layout reflects a 5-bedroom, 4-bath design with dual kitchens, two hot water heaters, and dual laundry connections (2 washer and 3 dryer connections). Dining is built in to support larger parties, including main dining seating for 8 in one unit and dining for 6 plus a 3-seat breakfast bar in the other. The exterior features a screened-in porch, a BBQ patio, and a massive private fenced backyard with a children’s playset, creating a setup that’s geared toward day-to-day guest comfort.

    The property is located at 6628 Greer Rd (Knox County, 37918), just outside Knoxville city limits, and is described as being about 15 minutes to Covenant Park, Neyland Stadium, and UTK. The outdoor and parking setup is designed to handle multiple vehicles, with a gravel pull-through driveway that can accommodate 7+ vehicles and includes overflow space for trailers or boats.

    As an STR asset, it is reported to have a 4.72-star rating across 54 reviews and an established, booked history, with existing reservations indicated as potentially transferable. Separate utilities for both water and electricity, along with two separate HVAC systems, support flexible operations for ownership seeking short-term rentals, mid/long-term furnished arrangements, or other group-oriented living configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.984665
    Latitude
    36.027852

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    FAQs

    What type of property is this?
    Duplex - Duplex with two fully equipped units, separate utilities and HVAC, and STR-ready guest setup for groups up to 17.
    Where is this duplex located?
    The property is located at 6628 Greer Rd Knoxville, TN.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: 5‑bedroom, 4‑bath property built in 1956, currently configured as a duplex with two fully equipped units; Accommodates up to 17 guests across 9 beds, with dining areas seating 8 (main) and 6 (second unit); Two full kitchens, plus dual laundry setup (2 washer and 3 dryer connections) and 2 hot water heaters
    (865) 444-3241
    We can help!
    Listing Contact
    Solange Velas
    Solange Velas
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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