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24-Unit Multifamily Portfolio
For Sale
Contact for pricing
Pending

204 N 12th St, La Follette, TN 37766

Three multifamily buildings totaling 24 units offer direct-billed utilities and in-unit washer/dryer connections.

Days on Market113

Property Features for 204 N 12th St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 24

Amenities

washer/dryer connections

Building Details

Tenancy Multi
Listing Agency: Wallace Commercial
Listed By: Chris Bruce · License #TN
Source: Crexi
Added: Apr 11 Changed: Jul 21 Last Checked: Jul 31 at 2:50PM

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 Wallace Commercial

Investment Insights

Based on property information with market context.

This 24-unit multifamily portfolio includes three separate properties. 204 N 12 St, La Follette consists of 6 units built in 1994, with each unit offering 2 bedrooms and 1.5 bathrooms. 204 Ridenour Ln, Jacksboro consists of 14 units built in 1998, with each unit offering 1 bedroom and 1 bathroom. 233 Loop Rd, Caryville consists of 4 units built in 1981, with each unit offering 2 bedrooms and 1 bathroom. Across the portfolio, units have direct-billed water and electric and include washer/dryer connections. Public sewer is noted for the La Follette and Jacksboro properties, while the Caryville property is on septic.

The properties are described as being within a 5–10-minute drive of I-75 Exit 134.

Additional shared operating notes include the direct billing for water and electric and public sewer for two buildings, with septic for the third.

Key Highlights

  • 24‑unit multifamily portfolio across three buildings in Campbell County, TN
  • 204 N 12 St, La Follette: 6 units built in 1994; all 2BR/1.5BA with direct‑billed water and electric; washer/dryer connections; public sewer
  • 204 Ridenour Ln, Jacksboro: 14 units built in 1998; all 1BR/1BA with direct‑billed water and electric; washer/dryer connections; public sewer

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm HVAC Service Real Estate Agency Building Supply Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

299
Businesses Nearby

Demographics for 37766, TN

18,011
Population
9,721
Households
1.9
Avg Household Size
44
Median Age
12%
College-Educated
82%
High-School Grad
137.3 sq mi
ZIP Area
131
Density / Sq Mi
$46,692
Median Household Income
$31,379
Median Earnings
$747
Median Rent
$160,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three multifamily buildings totaling 24 units offer direct-billed utilities and in-unit washer/dryer connections.
Where is this apartment building located?
The property is located at 204 N 12th St La Follette, TN.
What are key features of this property?
This property features: 24‑unit multifamily portfolio across three buildings in Campbell County, TN; 204 N 12 St, La Follette: 6 units built in 1994; all 2BR/1.5BA with direct‑billed water and electric; washer/dryer connections; public sewer; 204 Ridenour Ln, Jacksboro: 14 units built in 1998; all 1BR/1BA with direct‑billed water and electric; washer/dryer connections; public sewer
(865) 690-1111 Call to check price and availability
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