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Value-Add Multifamily Community
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Pending

193 Ellis Street, Vonore, TN 37885

Multifamily property with 72 units and a value-add opportunity focused on improving the unit mix.

Property Size52,202 SF
Days on Market129

Property Features for 193 Ellis Street

General Information

Standard status Pending
Size 52,202 SF
Property subtype Multifamily
Investment Type Value Add

Additional Details

Multifamily Units 72

Building Details

Year Built 1998
Buildings 9
Units 72
Listing Agency: PWA Properties
Listed By: Cohl Morgan · License #351465
Source: Crexi
Added: Apr 30 Changed: Aug 8 Last Checked: Jul 24 at 3:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PWA Properties

Investment Insights

Based on property information with market context.

This multifamily property offers 72 units and is being marketed as a value-add acquisition, with an emphasis on optimizing the unit mix.

The property is located at 193 Ellis Street in Vonore, Tennessee.

With its apartment-building configuration and existing unit count, the asset may appeal to buyers looking to adjust the mix of units within a stabilized multifamily framework.

Key Highlights

  • Multifamily property built in 1998
  • 72 total units
  • Value‑add focus on improving the unit mix

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Dental Office Storage Facility Pharmacy Real Estate Agency Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

72
Residential units

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 37885, TN

5,509
Population
2,971
Households
1.9
Avg Household Size
57
Median Age
26%
College-Educated
93%
High-School Grad
145.1 sq mi
ZIP Area
38
Density / Sq Mi
$74,683
Median Household Income
$40,408
Median Earnings
$843
Median Rent
$287,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with 72 units and a value-add opportunity focused on improving the unit mix.
Where is this apartment building located?
The property is located at 193 Ellis Street Vonore, TN.
What are key features of this property?
This property features: Multifamily property built in 1998; 72 total units; Value‑add focus on improving the unit mix
(865) 936-9999 Call to check price and availability
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