Furnished Two-Bedroom
For Sale
$280,000
Pending
1707 Willow Trace Court, Sevierville, TN 37862
Residential, Sevierville, TN
Property Size1,120 SF
Days on Market98
Property Features for 1707 Willow Trace Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 1, Bathroom 2
Basement
Crawl Space
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Subdivision
Willow Trace
Lot features
Cul-De-Sac
Directions
From Middle Creek Rd. In .8 miles, turn Left onto Ernest McMahan Rd. Continue for .7 miles and take a slight Right onto Pullen Rd. Turn Right onto E Dogwood Ln in .4 miles and then Right onto William Holt Blvd. Drive for .5 miles and turn Left onto Willow Trace Ct. 1707 is the left unit in the far-left building of the cul-de-sac.
Standard status
Pending
APN
073 02101 107
Size
1,120 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
521
HOA Fee
$150 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2016
Floors in Building
2
Flooring type
Laminate
Building materials
Shake Siding, Stone, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Century 21 Legacy GP
(865) 436-7121
Listed By:
Thomas Workman · License #379083
(423) 608-0752
Added: Jun 5
Changed: Sep 6
Last Checked: Sep 10 at 5:06PM
MLS# 312163
Copyright © 2026 Great Smoky Mountains Association of 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 furnished duplex in Sevierville offers 1,120 square feet with two bedrooms, two full bathrooms, and one half bathroom. Built in 2016, the property features laminate flooring, shake, stone, and vinyl siding, along with a composition roof. Central heating and central air provide year-round climate control, while the kitchen includes an electric range, refrigerator, microwave, dishwasher, washer, and dryer.
The property is served by public water and public sewer and is located at 1707 Willow Trace Court. Dollywood, The Island in Pigeon Forge, Gatlinburg, and Great Smoky Mountains National Park are identified as nearby destinations. R1 zoning is included in the property information.
The property is served by public water and public sewer and is located at 1707 Willow Trace Court. Dollywood, The Island in Pigeon Forge, Gatlinburg, and Great Smoky Mountains National Park are identified as nearby destinations. R1 zoning is included in the property information.
Key Highlights
- 1,120‑square‑foot duplex with two bedrooms, two full bathrooms, and one half bathroom
- Fully furnished property built in 2016
- Central heating and central air
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
$8,316
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
2.97%
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%
$166,320
$166.3K
Cap Rate 7%
$118,800
$118.8K
Cap Rate 9%
$92,400
$92.4K
Market Conditions
NOI Build-Up for 1,120 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
$16.8K $15.00/SF
− Vacancy
−$1.7K −$1.50/SF
EGI
$15.1K $13.50/SF
− OpEx
−$6.8K −$6.08/SF
NOI
$8.3K $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%
$166,320
Cap Rate 7%
$118,800
Cap Rate 9%
$92,400
Alternative Uses
Best Use
Apartment 5plus
$118.8K
$104.0K – $138.6K
NOI $8,316 @ 7.0% cap · market cap 2.97%
Second Best
Multifamily LT 5
$87.3K
$76.4K – $101.9K
NOI $6,111 @ 7.0% cap · market cap 2.18%
Theoretical Best
Office A
$472.3K
$413.3K – $551.0K
NOI $33,062 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 37862, TN
23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished duplex with two bedrooms, three baths, and flexible use as a residence or short-term rental.
Where is this duplex located?
The property is located at 1707 Willow Trace Court Sevierville, TN.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,120‑square‑foot duplex with two bedrooms, two full bathrooms, and one half bathroom; Fully furnished property built in 2016; Central heating and central air
