Duplex with Two Separate
117 Atlantic Ave Knoxville, TN 37917
117 Atlantic Ave, Knoxville, TN, 37917
$215,000
For Sale
$215,000
MULTI_FAMILY - Knoxville, TN
Property Size1,632 SF
Price / SF$131.74
Days on Market72
Property Features for 117 Atlantic Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- APN
- 081GA026
- Size
- 1,632 SF
Taxes and HOA fees
- Tax Annual Amount
- 2301
Utilities
- Heating system
- Natural Gas, Space Heater, Central
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Asphalt
Listing agency
United Real Estate Solutions
(865) 444-2400
Listed by
Giang Nguyen
(865) 621-2040
Added: May 13 Updated: Jul 11 at 8:33AM Checked: Jul 23 at 6:06AM
MLS# 1340586
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 duplex includes two separate residential units: a two-bedroom, one-bath unit currently leased through Section 8 at $930 per month, with tenants responsible for their own utilities. The second unit is a one-bedroom, one-bath space that is currently vacant.
The property is located at 117 Atlantic Ave in Knoxville, TN 37917. The duplex configuration provides a straightforward setup for an owner-occupant or a rental-focused buyer seeking multiple units under one roof.
For house-hackers or investors, the leased unit provides an established tenancy, while the vacant unit allows flexibility to move in or place a new tenant. The second unit was previously rented for $1,100 per month, which may support leasing planning for future occupancy. Overall, the property’s two separate units offer practical versatility for buyers looking to manage multiple rental spaces within a single duplex asset.
The property is located at 117 Atlantic Ave in Knoxville, TN 37917. The duplex configuration provides a straightforward setup for an owner-occupant or a rental-focused buyer seeking multiple units under one roof.
For house-hackers or investors, the leased unit provides an established tenancy, while the vacant unit allows flexibility to move in or place a new tenant. The second unit was previously rented for $1,100 per month, which may support leasing planning for future occupancy. Overall, the property’s two separate units offer practical versatility for buyers looking to manage multiple rental spaces within a single duplex asset.
Key Highlights
- Duplex with two separate units: 2 bed, 1 bath (leased) and 1 bed, 1 bath (vacant)
- 2‑bed/1‑bath unit leased through Section 8 at $930/month; tenant responsible for their own utilities
- 1‑bed/1‑bath unit is vacant; previously rented for $1,100/month
Local Financial Insights For Multifamily LT 5
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 | $24.5k | $15.00 |
| − Vacancy | −$1.7k | −$1.07 |
| EGI | $22.7k | $13.93 |
| − OpEx | −$6.8k | −$4.18 |
| NOI | $15.9k | $9.75 |
1,632 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.4K
$199.0K – $265.3K
NOI $15,916 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$209.2K
$183.1K – $244.1K
NOI $14,646 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$404.2K
$353.7K – $471.6K
NOI $28,295 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex offers one leased 2-bedroom unit under Section 8 and one vacant 1-bedroom for new occupancy.
Where is this duplex located?
The property is located at 117 Atlantic Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex with two separate units: 2 bed, 1 bath (leased) and 1 bed, 1 bath (vacant); 2‑bed/1‑bath unit leased through Section 8 at $930/month; tenant responsible for their own utilities; 1‑bed/1‑bath unit is vacant; previously rented for $1,100/month
