Two-Unit Duplex with Separate
New
For Sale
$550,000
134 S Van Gilder St, Knoxville, TN 37915
Multi-Family, Knoxville, TN
Property Size2,400 SF
Lot Size0.14 Acres
Price / SF$229.17
Days on Market5
Property Features for 134 S Van Gilder St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Parking features
On Street, Off Street
Patio and Porch features
Porch
Interior features
Walk-In Closet(s)
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
John S Vangilder
Directions
From I-40, take Exit 388A for TN-158 W/James White Pkwy toward Summit Hill Dr. Take the Summit Hill Dr exit and turn left onto E Summit Hill Dr. Turn left onto Martin Luther King Jr Ave, then left onto S Van Gilder St. Property will be on the right.
Standard status
Active
APN
095BC021
Size
2,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
168
Utilities
Heating system
Heat Pump (Heating), Electric (Heating), Central
Cooling system
Zoned, Central Air
Amenities
shared parking/driveway
shared yard space
individual utility metering
private entrances
Building Details
Year built
2026
Number of units
2
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
The Real Estate Firm, Inc.
(865) 770-4030
Listed By:
Adrian Wannamaker
(865) 964-9495
Added: Aug 27
Last Checked: Aug 31 at 7:06AM
MLS# 1353355
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.
Investment Insights
Based on property information with market context.
This 2026 duplex contains two independent residences under one roof, with each unit offering three bedrooms and three bathrooms. The property totals 2,400 square feet, with 1,200 sq ft assigned to each side. Separate entrances support independent occupancy, while individual utility metering helps distinguish each residence. Interior features include walk-in closet(s), central air, zoned cooling, electric heat, and a heat pump. Appliances listed for the property include a dishwasher, microwave, range, and refrigerator.
Located at 134 S Van Gilder St in Knoxville, the property is approximately 5 minutes from downtown Knoxville. Shared outdoor elements include a driveway and yard, with parking available off street and on street. The 0.14-acre site also includes a porch and a shingle roof.
Located at 134 S Van Gilder St in Knoxville, the property is approximately 5 minutes from downtown Knoxville. Shared outdoor elements include a driveway and yard, with parking available off street and on street. The 0.14-acre site also includes a porch and a shingle roof.
Key Highlights
- Two 3‑bedroom, 3‑bathroom units under one roof
- 1,200 sq ft per unit; 2,400 sq ft total
- Separate entrances and individual utility metering
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,406
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,120
$468.1K
Cap Rate 7%
$334,371
$334.4K
Cap Rate 9%
$260,067
$260.1K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.6K −$1.07/SF
EGI
$33.4K $13.93/SF
− OpEx
−$10.0K −$4.18/SF
NOI
$23.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,120
Cap Rate 7%
$334,371
Cap Rate 9%
$260,067
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.1K
NOI $23,406 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$307.7K
$269.2K – $359.0K
NOI $21,538 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 37915, TN
5,509
Population
3,722
Households
1.5
Avg Household Size
33
Median Age
17%
College-Educated
76%
High-School Grad
1.9 sq mi
ZIP Area
2,899
Density / Sq Mi
$22,236
Median Household Income
$29,433
Median Earnings
$519
Median Rent
$206,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences provide flexible rental, owner-occupancy, or multigenerational living arrangements.
Where is this duplex located?
The property is located at 134 S Van Gilder St Knoxville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 3‑bedroom, 3‑bathroom units under one roof; 1,200 sq ft per unit; 2,400 sq ft total; Separate entrances and individual utility metering
