Updated
New
For Sale
$499,900
1230 April Drive, Knoxville, TN 37919
Multi-Family, Knoxville, TN
Property Size1,895 SF
Lot Size0.47 Acres
Price / SF$263.80
Days on Market3
Property Features for 1230 April Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Kitchen Island
Exterior features
Windows - Vinyl, Prof Landscaped
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Subdivision
Forest Brook Estates
Elementary school
Bearden
Middle school
Bearden
High school
West
Directions
S Northshore to (R) on Forest Brook Rd (L) on April
Standard status
Active
APN
134AC019
Size
1,895 SF
Lot size
0.47 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2960
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1960
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Shingle, Asphalt
Buildings
1
Listing Agency:
Realty Executives Associates · Realty Executives International
Listed By:
Mary King
(865) 588-3232
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 7:06AM
MLS# 1360159
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.
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Investment Insights
Based on property information with market context.
This 1,895-square-foot duplex sits on a 0.47-acre parcel and was built in 1960. The first unit was remodeled in 2025 and has a new HVAC system from that year; the second was remodeled in 2020 and received a new HVAC system in 2023. Both units have new decks. Hardwood and tile flooring, central air, and a circular driveway are among the property’s features. The first unit includes a dishwasher, while the second does not.
The first residence is leased through June 30, 2027, and the second is vacant. The property is in Knoxville’s Forest Brook area, between Bearden and Rocky Hill, near Lakeshore Park and West Town Mall.
The first residence is leased through June 30, 2027, and the second is vacant. The property is in Knoxville’s Forest Brook area, between Bearden and Rocky Hill, near Lakeshore Park and West Town Mall.
Key Highlights
- 1,895‑square‑foot duplex on a 0.47‑acre parcel
- First unit remodeled in 2025; HVAC replaced in 2025
- Second unit remodeled in 2020; HVAC replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,481
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,620
$369.6K
Cap Rate 7%
$264,014
$264.0K
Cap Rate 9%
$205,344
$205.3K
Market Conditions
NOI Build-Up for 1,895 SF
Gross rent
$28.4K $15.00/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$26.4K $13.93/SF
− OpEx
−$7.9K −$4.18/SF
NOI
$18.5K $9.75/SF
Area
Knoxville, 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%
$369,620
Cap Rate 7%
$264,014
Cap Rate 9%
$205,344
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$242.9K
$212.6K – $283.4K
NOI $17,006 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$469.4K
$410.7K – $547.6K
NOI $32,855 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 37919, TN
30,822
Population
15,499
Households
2
Avg Household Size
38
Median Age
58%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,614
Density / Sq Mi
$71,863
Median Household Income
$44,968
Median Earnings
$1,247
Median Rent
$453,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased through June 2027, while the second is vacant.
Where is this duplex located?
The property is located at 1230 April Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,895‑square‑foot duplex on a 0.47‑acre parcel; First unit remodeled in 2025; HVAC replaced in 2025; Second unit remodeled in 2020; HVAC replaced in 2023
