10-Bedroom Multifamily
For Sale
$599,900
3706 Washington Pike, Knoxville, TN 37917
Ranch-style layout with dining, kitchen, office, laundry, and a covered rear porch.
Property Size3,500 SF
Price / SF$171.40
Days on Market818
Property Features for 3706 Washington Pike
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multi-Family
Amenities
Central Cooling
Yes
Laminate
True
Central, Natural Gas, Electric
Dishwasher, Range, Refrigerator
Vinyl, Block, Frame
Building Details
Year Built
1988
Listing Agency:
Elite Realty
Listed By:
Savannah Price · License #335101
(865) 640-6507
Source:
Compass
Added: Jul 26, 2024
Changed: Oct 13
Last Checked: Oct 20 at 11:57PM
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 Elite Realty
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Investment Insights
Based on property information with market context.
This ranch-style multifamily property includes 10 bedrooms and 4 full bathrooms, along with a dining area, kitchen, office, and laundry room. Interior features include central cooling, laminate finishes, and central, natural gas, and electric systems. A dishwasher, range, and refrigerator are also included. The exterior combines vinyl, block, and frame construction with a covered back porch.
The property was built in 1988 and is located at 3706 Washington Pike in Knoxville, Tennessee, within ZIP code 37917. The configuration provides a substantial residential layout with dedicated spaces for dining, work, and laundry.
The property was built in 1988 and is located at 3706 Washington Pike in Knoxville, Tennessee, within ZIP code 37917. The configuration provides a substantial residential layout with dedicated spaces for dining, work, and laundry.
Key Highlights
- 10 bedrooms and 4 full bathrooms
- Dining area, kitchen, office, and laundry room
- Central cooling with central, natural gas, and electric systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,410
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,200
$628.2K
Cap Rate 7%
$448,714
$448.7K
Cap Rate 9%
$349,000
$349.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$61.7K $17.64/SF
− Vacancy
−$4.6K −$1.32/SF
EGI
$57.1K $16.32/SF
− OpEx
−$25.7K −$7.34/SF
NOI
$31.4K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,200
Cap Rate 7%
$448,714
Cap Rate 9%
$349,000
Alternative Uses
Best Use
Apartment 5plus
$448.7K
$392.6K – $523.5K
NOI $31,410 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.9K
$758.5K – $1.01M
NOI $60,682 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Ranch-style layout with dining, kitchen, office, laundry, and a covered rear porch.
Where is this multifamily property located?
The property is located at 3706 Washington Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 10 bedrooms and 4 full bathrooms; Dining area, kitchen, office, and laundry room; Central cooling with central, natural gas, and electric systems
