Newer Duplex with Separate
123/125 S Chestnut St Knoxville, TN 37914
123/125 S Chestnut St, Knoxville, TN, 37914
$534,900
For Sale
$534,900
MULTI_FAMILY - Knoxville, TN
Property Size2,428 SF
Lot Size0.18 Acres
Price / SF$220.30
Days on Market48
Property Features for 123/125 S Chestnut St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Rooms
- Bedroom 6, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 2
- Parking features
- Off Street
- Interior features
- Walk-In Closet(s)
- Exterior features
- Windows - Vinyl
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
- Standard status
- Active
- APN
- 082NA007
- Size
- 2,428 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5695
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Vinyl Siding, Block, Frame
- Roof type
- Asphalt
Listing agency
Real Broker
(844) 591-7325
Listed by
Quinn Epperly
(865) 963-8462
Added: Jun 4 Updated: Jul 16 at 7:37AM Checked: Jul 21 at 9:06AM
MLS# 1343427
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 nearly new duplex was built approximately three years ago and offers two residential units with modern interior finishes. Each unit features luxury vinyl plank flooring, white shaker cabinetry, and granite countertops, with the primary bedroom located on the main level.
A standout attribute is the completely separate parking arrangement: each unit has its own dedicated driveway on opposite sides of the property, providing more privacy than typical duplex setups. Unit 123 is currently leased on a one-year term expiring in September, while Unit 125 is vacant and ready for its next tenant or owner-occupant.
The property sits on commercially zoned land, providing flexibility for future possibilities. The address is 123/125 S Chestnut St, Knoxville, TN 37914 (Knox County).
A standout attribute is the completely separate parking arrangement: each unit has its own dedicated driveway on opposite sides of the property, providing more privacy than typical duplex setups. Unit 123 is currently leased on a one-year term expiring in September, while Unit 125 is vacant and ready for its next tenant or owner-occupant.
The property sits on commercially zoned land, providing flexibility for future possibilities. The address is 123/125 S Chestnut St, Knoxville, TN 37914 (Knox County).
Key Highlights
- Nearly new 2023‑built duplex in Knoxville with modern interior features and central HVAC
- Each unit includes walk‑in closet(s) and electric heating with central air conditioning
- Appliances included in the units: dishwasher, disposal, microwave, range, self‑cleaning oven, and refrigerator
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 | $36.4k | $15.00 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $33.8k | $13.93 |
| − OpEx | −$10.1k | −$4.18 |
| NOI | $23.7k | $9.75 |
2,428 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$338.3K
$296.0K – $394.7K
NOI $23,679 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$601.4K
$526.2K – $701.6K
NOI $42,096 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Nearly new duplex with separate driveways, modern finishes, and one unit currently leased while the other is vacant.
Where is this duplex located?
The property is located at 123/125 S Chestnut St Knoxville, TN.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Nearly new 2023‑built duplex in Knoxville with modern interior features and central HVAC; Each unit includes walk‑in closet(s) and electric heating with central air conditioning; Appliances included in the units: dishwasher, disposal, microwave, range, self‑cleaning oven, and refrigerator
