New-Build Duplex with
For Sale
$799,900
Maryville, TN 37801, Maryville, TN 37801
Multi-Family, Maryville, TN
Property Size3,408 SF
Price / SF$234.71
Days on Market840
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Parking features
Open, Garage
Interior features
Walk-In Closet(s), Kitchen Island
Exterior features
Windows - Vinyl
Appliances
Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
Subdivision
KLV LLC Property
Directions
West Lamar Alex. Pkwy to North Houston Street, Turn right on Broyles Home is on the right. Sign on Property.
Standard status
Active
APN
057E L 010.00
Size
3,408 SF
Taxes and HOA fees
Tax Annual Amount
7067
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2024
Number of units
2
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
Blevins Grp, Realty Executives · Realty Executives International
(865) 999-4663
Listed By:
Jay Blevins · License #311476
(865) 748-3112
Added: May 15, 2024
Changed: Aug 27
Last Checked: Sep 1 at 7:06PM
MLS# 1262896
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.
Completed in 2024, this duplex contains 3,408 square feet across two residential units. Each side includes three bedrooms, two full baths, and one half bath, along with a large primary bedroom, walk-in closet, kitchen island, and private backyard setting. Central heating and cooling, electric heat, vinyl windows, vinyl siding, and shingle roofing are included. Each unit also has access to garage and open parking.
The property is in Maryville, Tennessee, and is within walking distance of several Maryville City schools. Kitchen appliances include a dishwasher, disposal, microwave, range, and self-cleaning oven, providing a complete residential setup for both units.
The property is in Maryville, Tennessee, and is within walking distance of several Maryville City schools. Kitchen appliances include a dishwasher, disposal, microwave, range, and self-cleaning oven, providing a complete residential setup for both units.
Key Highlights
- 2024‑built duplex totaling 3,408 square feet
- Each unit features 3 bedrooms and 2.5 baths
- Large primary bedrooms and walk‑in closets in each unit
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
$33,100
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
4.14%
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%
$662,000
$662.0K
Cap Rate 7%
$472,857
$472.9K
Cap Rate 9%
$367,778
$367.8K
Market Conditions
NOI Build-Up for 3,408 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
$51.1K $15.00/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$47.3K $13.88/SF
− OpEx
−$14.2K −$4.16/SF
NOI
$33.1K $9.71/SF
Area
Blount County, TN
Vacancy
7.50%
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%
$662,000
Cap Rate 7%
$472,857
Cap Rate 9%
$367,778
Alternative Uses
Best Use
Multifamily LT 5
$472.9K
$413.8K – $551.7K
NOI $33,100 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.6K
NOI $30,816 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,043 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer matching layouts, private outdoor space, and access to Maryville City schools.
Where is this duplex located?
The property is located at Maryville, TN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2024‑built duplex totaling 3,408 square feet; Each unit features 3 bedrooms and 2.5 baths; Large primary bedrooms and walk‑in closets in each unit
