Well-Maintained 4-Unit Apartment
725 Chilhowee Street Harriman, TN 37748
725 Chilhowee Street, Harriman, TN, 37748
$429,900
For Sale
$429,900
Well-maintained four-unit apartment building with off-street tenant parking and tenant-paid utilities.
Property Size3,796 SF
Price / SF$113.25
Days on Market803
Property Features for 725 Chilhowee Street
General Information
- Standard status
- Active
- Size
- 3,796 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1951
Listing agency
Southland Brokers
(865) 466-7240
Listed by
Raj Cheema
Source
Compass
Added: May 10, 2024 Updated: Jul 21 at 12:34AM Checked: Jul 21 at 6:12AM
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 Southland Brokers
Investment Insights
Based on property information with market context.
This well-maintained four-unit apartment building offers a straightforward income property configuration for ownership. The property includes off-street parking for tenants, adding everyday convenience for residents.
Tenants are responsible for their own utilities, supporting a more hands-off operating structure for the owner. The building is presented as an investment opportunity with long-term income potential.
Suitable for investors seeking a reliable rental income asset, this multifamily property is offered for sale and includes on-site off-street parking.
Tenants are responsible for their own utilities, supporting a more hands-off operating structure for the owner. The building is presented as an investment opportunity with long-term income potential.
Suitable for investors seeking a reliable rental income asset, this multifamily property is offered for sale and includes on-site off-street parking.
Key Highlights
- Well‑maintained 4‑unit apartment building built in 1951
- Off‑street parking for tenants
- Tenants are responsible for their own utilities
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 | $56.9k | $15.00 |
| − Vacancy | −$4.1k | −$1.07 |
| EGI | $52.9k | $13.93 |
| − OpEx | −$15.9k | −$4.18 |
| NOI | $37.0k | $9.75 |
3,796 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,020 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit apartment building with off-street tenant parking and tenant-paid utilities.
Where is this quadplex located?
The property is located at 725 Chilhowee Street Harriman, TN.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Well‑maintained 4‑unit apartment building built in 1951; Off‑street parking for tenants; Tenants are responsible for their own utilities
