West Knoxville Duplex Investment
1234 Park Hill Circle Knoxville, TN 37909
1234 Park Hill Circle, Knoxville, TN, 37909
$499,000
For Sale
$499,000
Well-maintained duplex in West Knoxville with long-term rental history.
Property Size2,176 SF
Price / SF$229.32
Days on Market106
Property Features for 1234 Park Hill Circle
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1998
Listing Agency
NextHome Clinch Valley
Listed by
Paige A. Harvey
Source
Compass
Added: Apr 2 Checked: Jul 15 at 9:44 pm
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 NextHome Clinch Valley
Investment Insights
Based on property information with market context.
This duplex in West Knoxville presents an investment opportunity. The property features two units, each with 2 bedrooms and 2.5 bathrooms. It has a history of long-term rentals and income potential. The location provides convenient access to West Town Mall, shopping, dining, and the interstate. The units feature functional layouts with private bedrooms and baths. The property size is 2176 square feet.
Key Highlights
- Strong long‑term rental history with reliable income potential.
- Two spacious 2‑bedroom, 2.5‑bath units.
- Excellent location minutes from West Town Mall, shopping, dining, and interstate access.
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 | $32.6k | $15.00 |
| − Vacancy | −$2.3k | −$1.07 |
| EGI | $30.3k | $13.93 |
| − OpEx | −$9.1k | −$4.18 |
| NOI | $21.2k | $9.75 |
2,176 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.7K
NOI $21,221 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,528 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$539.0K
$471.6K – $628.8K
NOI $37,727 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex in West Knoxville with long-term rental history.
Where is this duplex located?
The property is located at 1234 Park Hill Circle Knoxville, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Strong long‑term rental history with reliable income potential.; Two spacious 2‑bedroom, 2.5‑bath units.; Excellent location minutes from West Town Mall, shopping, dining, and interstate access.
