Updated Brick
New
For Sale
$420,000
7715 Pinner Drive, Knoxville, TN 37919
Multi-Family, Knoxville, TN
Property Size1,800 SF
Lot Size0.28 Acres
Price / SF$233.33
Days on Market3
Property Features for 7715 Pinner Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Patio and Porch features
Patio
Interior features
Walk-In Closet(s)
Exterior features
Windows - Vinyl, Prof Landscaped
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Hawthorne Heights Sub Rev
Elementary school
Rocky Hill
Middle school
Bearden
High school
West
Directions
Kingston Pike to Morrell Rd to R onto Pinner Dr. across from Rocky Hill Elementary. Property on L. No SOP
Standard status
Active
APN
133FE020
Size
1,800 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
1418
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Amenities
private fenced yards
individual deck/patio areas
Building Details
Year built
1979
Number of units
2
Flooring type
Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
Realty Executives Associates · Realty Executives International
(865) 588-3232
Listed By:
Kathy Caylor
(865) 806-0502
Added: Sep 25
Last Checked: Sep 27 at 3:06AM
MLS# 1356728
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 1,800-square-foot brick duplex, built in 1979, contains two residences with two bedrooms and one bathroom apiece. Interior updates include kitchens and bathrooms, PEX plumbing, and vinyl replacement windows; flooring is LVP and tile. Each unit has a fenced yard and a separate deck or patio. The property occupies 0.28 acres and has expanded parking.
The duplex is in Knoxville’s Bearden area, just off Morrell Road and across from Rocky Hill Elementary. One residence is leased through April 2027. The other is on a month-to-month lease and is scheduled to be vacant at closing.
The duplex is in Knoxville’s Bearden area, just off Morrell Road and across from Rocky Hill Elementary. One residence is leased through April 2027. The other is on a month-to-month lease and is scheduled to be vacant at closing.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,800 square feet on a 0.28‑acre lot
- Brick construction; built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,554
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,080
$351.1K
Cap Rate 7%
$250,771
$250.8K
Cap Rate 9%
$195,044
$195.0K
Market Conditions
NOI Build-Up for 1,800 SF
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.
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.9K −$1.07/SF
EGI
$25.1K $13.93/SF
− OpEx
−$7.5K −$4.18/SF
NOI
$17.6K $9.75/SF
Area
Knoxville, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,080
Cap Rate 7%
$250,771
Cap Rate 9%
$195,044
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
Explore this area
Business Placement
Demographics for 37919, TN
30,822
Population
15,499
Households
2
Avg Household Size
38
Median Age
58%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,614
Density / Sq Mi
$71,863
Median Household Income
$44,968
Median Earnings
$1,247
Median Rent
$453,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, a fenced yard, and its own deck or patio.
Where is this duplex located?
The property is located at 7715 Pinner Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,800 square feet on a 0.28‑acre lot; Brick construction; built in 1979
