Renovated Duplex with Separate
For Sale
$349,900
Pending
1615 Washington Pike, Knoxville, TN 37917
Multi-Family, Knoxville, TN
Property Size1,374 SF
Lot Size0.17 Acres
Days on Market48
Property Features for 1615 Washington Pike
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport, Off Street
Interior features
Kitchen Island
Exterior features
Prof Landscaped
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
Rose Mound Add
Directions
Head toward N Broadway from Hall of Fame Dr., Merge onto N Broadway, Pass by Firestone Complete Auto Care (on the right Turn right onto Washington Pike Destination will be on the left
Standard status
Pending
APN
081DF028
Size
1,374 SF
Lot size
0.17 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
2368
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding, Frame
Roof type
Metal
Buildings
1
Listing Agency:
United Real Estate Solutions
(865) 444-2400
Listed By:
Ed Harrison
(865) 415-6012
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 3:06PM
MLS# 1355221
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.
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Investment Insights
Based on property information with market context.
This 1,374-square-foot duplex on a 0.17-acre lot includes two 2-bedroom, 1.5-bath units. Recent improvements include new flooring, bathrooms, kitchen cabinetry and counters, doors, plumbing, and electrical work. Each side has its own central HVAC system and separate utility metering, while included appliances comprise a range, refrigerator, dishwasher, and microwave. A detached outbuilding adds supplemental storage or workspace.
The property is located near downtown Knoxville, the University of Tennessee, I-40, the baseball stadium, and the Old City. Exterior features include a professionally landscaped setting, vinyl siding, a metal roof, off-street parking, and a carport. Built in 1920, the duplex combines updated unit interiors with separately metered operations and a residential income configuration.
The property is located near downtown Knoxville, the University of Tennessee, I-40, the baseball stadium, and the Old City. Exterior features include a professionally landscaped setting, vinyl siding, a metal roof, off-street parking, and a carport. Built in 1920, the duplex combines updated unit interiors with separately metered operations and a residential income configuration.
Key Highlights
- Two 2‑bedroom, 1.5‑bath units in a duplex configuration
- 1,374 square feet on a 0.17‑acre lot
- Separate utility metering for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,400
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,000
$268.0K
Cap Rate 7%
$191,429
$191.4K
Cap Rate 9%
$148,889
$148.9K
Market Conditions
NOI Build-Up for 1,374 SF
Gross rent
$20.6K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.1K $13.93/SF
− OpEx
−$5.7K −$4.18/SF
NOI
$13.4K $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 Rate 5%
$268,000
Cap Rate 7%
$191,429
Cap Rate 9%
$148,889
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.3K
NOI $13,400 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$176.2K
$154.1K – $205.5K
NOI $12,331 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$340.3K
$297.8K – $397.0K
NOI $23,822 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated interiors, private central HVAC, and off-street parking near downtown Knoxville and UT.
Where is this duplex located?
The property is located at 1615 Washington Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1.5‑bath units in a duplex configuration; 1,374 square feet on a 0.17‑acre lot; Separate utility metering for each side
