Harriman, TN Four-Unit Apartment
725 Chilhowee St Harriman, TN 37748
725 Chilhowee St, Harriman, TN, 37748
$399,000
For Sale
$399,000
MULTI_FAMILY - Harriman, TN
Property Size3,796 SF
Price / SF$105.11
Days on Market81
Property Features for 725 Chilhowee St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Off Street
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 026C C 00400 000
- Size
- 3,796 SF
Taxes and HOA fees
- Tax Annual Amount
- 1833
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1951
- Number of units
- 4
- Flooring type
- Hardwood, Vinyl
- Building materials
- Frame
- Roof type
- Shingle
Listing Agency
Southland Brokers
(865) 694-6111
244 N Peters Road, Knoxville, TN
Listed by
Raj Cheema
(865) 466-7240
Added: Apr 28 Checked: Jul 17 at 9:06 am
MLS# 1338585
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.
Investment Insights
Based on property information with market context.
This well-maintained four-unit apartment building presents an investment opportunity with long-term income potential. Located in a desirable area, the property offers off-street parking for tenants, enhancing its convenience and appeal. Tenants are responsible for their own utilities. The multifamily building is suitable for investors seeking to expand their portfolio or those desiring reliable rental income. The property is 3,796 square feet and located in Harriman, Tennessee.
Key Highlights
- Well‑maintained 4‑unit apartment building
- Year built 1951; frame construction and shingle roof
- Electric heating; cooling with window unit(s)
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 | $67.0k | $17.64 |
| − Vacancy | −$5.0k | −$1.32 |
| EGI | $61.9k | $16.32 |
| − OpEx | −$27.9k | −$7.34 |
| NOI | $34.1k | $8.97 |
3,796 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,020 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 16.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit apartment building with long-term income potential.
Where is this quadplex located?
The property is located at 725 Chilhowee St Harriman, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit apartment building; Year built 1951; frame construction and shingle roof; Electric heating; cooling with window unit(s)
