Sevierville Income-Generating Triplex
1373 Avenue D Sevierville, TN 37876
1373 Avenue D, Sevierville, TN, 37876
$159,900
For Sale
$159,900
MULTI_FAMILY - Sevierville, TN
Property Size1,064 SF
Lot Size0.31 Acres
Price / SF$150.28
Days on Market50
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
- 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
- Space Heater, Electric (Heating)
- 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
500 Maryville Hwy Bld 2 Suite 203, Seymour, TN
Listed by
Kimber Dickert-Bradley
(865) 257-6996
Added: May 28 Checked: Jul 16 at 11:06 pm
MLS# 1342708
Listing URL
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.
Located near Douglas Lake, this property at 1373 Avenue D in Sevierville, TN, presents a unique income-generating opportunity. The property has been transformed into three separate one-bedroom, one-bathroom apartments, making it an ideal investment property. Each unit features its own separate entrance and parking. Two of the apartments have been recently updated with fresh paint and new flooring. All three units are currently occupied and generating market rents. The property size is 1,064 square feet and the lot size is 0.31 acres. This property is an excellent opportunity for investors seeking immediate cash flow or those looking to enter the rental market.
Key Highlights
- Income‑generating property featuring three separate one‑bedroom apartments.
- Located near Douglas Lake.
- Each unit has a separate entrance and parking.
Local Financial Insights For Apartment 5plus
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 | $16.0k | $15.00 |
| − Vacancy | −$1.6k | −$1.50 |
| EGI | $14.4k | $13.50 |
| − OpEx | −$6.5k | −$6.08 |
| NOI | $7.9k | $7.43 |
1,064 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$112.9K
$98.8K – $131.7K
NOI $7,900 @ 7.0% cap · market cap 4.94%
Second Best
Multifamily LT 5
$82.9K
$72.6K – $96.8K
NOI $5,806 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$448.7K
$392.6K – $523.5K
NOI $31,409 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex near Douglas Lake, ideal for investors seeking cash flow.
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 $159,900.
What are key features of this property?
This property features: Income‑generating property featuring three separate one‑bedroom apartments.; Located near Douglas Lake.; Each unit has a separate entrance and parking.
