Building Details

Year Built 1908

Buildings 1

Listed By: Southern Charm Homes Show Phone

Source: Southerncharm

Added: Oct 5 Changed: Oct 6 Last Checked: Oct 7 at 12:13PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Charm Homes

Investment Insights

Based on property information with market context.

This 2,300-square-foot triplex was built in 1908 and has since been adapted for three-unit residential use. Recent work includes HVAC, roof, and window replacements, along with refreshed interiors, a bathroom, and appliances.

Furniture may remain with the property for rental use, subject to an additional deposit.

Key Highlights

• Three‑unit residential property totaling 2,300 square feet
• Built in 1908
• New HVAC, roof, and windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,431

Cap Rate

5.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,620 $448.6K

Cap Rate 7%

$320,443 $320.4K

Cap Rate 9%

$249,233 $249.2K

Market Conditions

NOI Build-Up for 2,300 SF

Gross rent

$34.5K $15.00/SF

− Vacancy

−$2.5K −$1.07/SF

EGI

$32.0K $13.93/SF

− OpEx

−$9.6K −$4.18/SF

NOI

$22.4K $9.75/SF

Area

Loudon County, 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 Rate 5%

$448,620

Cap Rate 7%

$320,443

Cap Rate 9%

$249,233

Alternative Uses

Best Use

Multifamily LT 5

$320.4K

$280.4K – $373.9K (±1% cap)

NOI $22,431 @ 7.0% cap · market cap 5.28%

Second Best

Apartment 5plus

$294.9K

$258.0K – $344.0K (±1% cap)

NOI $20,641 @ 7.0% cap · market cap 4.86%

Theoretical Best

Office A

$569.7K

$498.5K – $664.6K (±1% cap)

NOI $39,876 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service Electrical Service Dental Office Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

Explore this area Business Placement

Demographics for 37771, TN

16,822

Population

7,573

Households

2.2

Avg Household Size

40

Median Age

19%

College-Educated

86%

High-School Grad

50.1 sq mi

ZIP Area

336

Density / Sq Mi

$62,338

Median Household Income

$33,330

Median Earnings

$946

Median Rent

$236,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Retail Storefront Property

110 e broadway st lenoir city, Lenoir City, TN 37771

$524,900

View details

Multi-Tenant Shopping Center

500 Bon St, Lenoir City, TN 37771

$2,710,000

46,878 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Recent improvements include HVAC, roof, windows, interior finishes, a bathroom, and appliances.

Where is this triplex located?

The property is located at 107 N C St Lenoir City, TN.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Three‑unit residential property totaling 2,300 square feet; Built in 1908; New HVAC, roof, and windows