Multifamily Property with Separate
For Sale
$339,900
108 N Knob Creek Rd, Seymour, TN 37865
Includes a brick home, a double-wide home, and distinct utility systems for flexible occupancy arrangements.
Property Size3,417 SF
Price / SF$99.47
Days on Market54
Property Features for 108 N Knob Creek Rd
General Information
Standard status
Active
Size
3,417 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
need some work
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Keller Williams Realty
Listed By:
Dustin Weaver
(865) 382-4921
Source:
Fiddletreerealty
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 15 at 12:51AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This multifamily property combines a brick home with a separate double-wide home across 3,417 square feet. Built in 1960, the brick residence has kitchen facilities on both the main level and in the basement, creating a three-unit configuration with potential income-producing space. The basement unit requires work, particularly to complete its condition and usability.
Utility infrastructure is divided across the improvements. The brick home has two electrical meters, one water meter, and two septic tanks. The double-wide has its own electric meter, water meter, and separate septic system. Located at 108 N Knob Creek Rd in Seymour, Tennessee, the property offers a multi-unit residential layout with distinct systems serving the separate improvements.
Utility infrastructure is divided across the improvements. The brick home has two electrical meters, one water meter, and two septic tanks. The double-wide has its own electric meter, water meter, and separate septic system. Located at 108 N Knob Creek Rd in Seymour, Tennessee, the property offers a multi-unit residential layout with distinct systems serving the separate improvements.
Key Highlights
- Three potential income‑producing units on one property
- 3,417 SF multifamily property built in 1960
- Brick home includes kitchens on the main level and in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,371
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,420
$507.4K
Cap Rate 7%
$362,443
$362.4K
Cap Rate 9%
$281,900
$281.9K
Market Conditions
NOI Build-Up for 3,417 SF
Gross rent
$51.3K $15.00/SF
− Vacancy
−$5.1K −$1.50/SF
EGI
$46.1K $13.50/SF
− OpEx
−$20.8K −$6.08/SF
NOI
$25.4K $7.43/SF
Area
Sevier County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,420
Cap Rate 7%
$362,443
Cap Rate 9%
$281,900
Alternative Uses
Best Use
Apartment 5plus
$362.4K
$317.1K – $422.9K
NOI $25,371 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,870 @ 7.0% cap · market cap 29.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Explore this area
Business Placement
Demographics for 37865, TN
22,567
Population
10,329
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
93%
High-School Grad
73.3 sq mi
ZIP Area
308
Density / Sq Mi
$88,410
Median Household Income
$43,269
Median Earnings
$1,351
Median Rent
$276,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Includes a brick home, a double-wide home, and distinct utility systems for flexible occupancy arrangements.
Where is this multifamily property located?
The property is located at 108 N Knob Creek Rd Seymour, TN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three potential income‑producing units on one property; 3,417 SF multifamily property built in 1960; Brick home includes kitchens on the main level and in the basement
