Triplex With Updated
For Sale
$124,900
1373 Avenue D, Sevierville, TN 37876
MULTI_FAMILY - Sevierville, TN
Property Size1,064 SF
Lot Size0.31 Acres
Price / SF$117.39
Days on Market96
Property Features for 1373 Avenue D
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Appliances
Refrigerator
Subdivision
W L Galloway Moon Prop
Directions
Follow GPS
Standard status
Active
APN
019A A 023.00
Size
1,064 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
79
Utilities
Heating system
Electric (Heating), Space Heater
Cooling system
Window Unit(s)
Building Details
Year built
1991
Number of units
3
Building materials
Steel, Aluminum Siding
Roof type
Metal
Listing Agency:
Priority Real Estate
(865) 577-6600
Listed By:
Kimber Dickert-Bradley
(865) 257-6996
Added: May 28
Changed: Aug 10
Last Checked: Aug 31 at 4:06AM
MLS# 1342708
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 1991 triplex contains three separate one-bedroom, one-bathroom apartments within 1064 square feet. Each residence has its own entrance and parking, while two apartments have received new paint and flooring. All three units are currently occupied. The property also includes a porch, off-street parking, a metal roof, steel and aluminum siding, electric heating with space heaters, and window-unit cooling.
Recent system work includes a new well pump, pressure tank, and wiring. Set on 0.31 acres in Sevierville, Tennessee, the property provides a compact multifamily configuration with individual apartment access and established occupancy.
Recent system work includes a new well pump, pressure tank, and wiring. Set on 0.31 acres in Sevierville, Tennessee, the property provides a compact multifamily configuration with individual apartment access and established occupancy.
Key Highlights
- Three one‑bedroom, one‑bathroom apartments
- 1064 square feet on 0.31 acres
- All three units currently occupied
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
$7,900
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
6.33%
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%
$158,000
$158.0K
Cap Rate 7%
$112,857
$112.9K
Cap Rate 9%
$87,778
$87.8K
Market Conditions
NOI Build-Up for 1,064 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
$16.0K $15.00/SF
− Vacancy
−$1.6K −$1.50/SF
EGI
$14.4K $13.50/SF
− OpEx
−$6.5K −$6.08/SF
NOI
$7.9K $7.43/SF
Area
Sevier County, TN
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
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%
$158,000
Cap Rate 7%
$112,857
Cap Rate 9%
$87,778
Alternative Uses
Best Use
Apartment 5plus
$112.9K
$98.8K – $131.7K
NOI $7,900 @ 7.0% cap · market cap 6.33%
Second Best
Multifamily LT 5
$82.9K
$72.6K – $96.8K
NOI $5,806 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$448.7K
$392.6K – $523.5K
NOI $31,409 @ 7.0% cap · market cap 25.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 37876, TN
32,866
Population
18,206
Households
1.8
Avg Household Size
45
Median Age
22%
College-Educated
89%
High-School Grad
186.8 sq mi
ZIP Area
176
Density / Sq Mi
$58,513
Median Household Income
$33,603
Median Earnings
$997
Median Rent
$257,800
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?
Triplex - Three occupied apartments offer separate entrances, individual parking, and recent improvements in two units.
Where is this triplex located?
The property is located at 1373 Avenue D Sevierville, TN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom apartments; 1064 square feet on 0.31 acres; All three units currently occupied
