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Duplex Conversion Property
For Sale
$245,000

20 Penny Lane, Crossville, TN 38555

Multi-Family, Crossville, TN

Property Size1,725 SF
Price / SF$142.03
Days on Market142

Property Features for 20 Penny Lane

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3
Parking features Off Street
Appliances Microwave, Range, Refrigerator
Directions From West Ave turn Right onto 4th St, Left on School St, then Right onto Penny Ln. From Main St to 4th St to left on School St then right on Penny Ln.
Subdivision Cumberland County - 34
Standard status Active
APN 113B J 00801 000
Size 1,725 SF

Utilities

Heating system Natural Gas, Central
Cooling system Central Air

Building Details

Year built 1975
Number of units 2
Flooring type Vinyl, Laminate
Building materials Brick, Frame
Roof type Shingle
Listing Agency: Berkshire Hathaway HomeServices Southern Realty
Listed By: Karen K Kindrick · License #257817
Added: Apr 20 Changed: Sep 8 Last Checked: Sep 8 at 3:06PM
MLS# 1337833

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 1,725-square-foot property, built in 1975, retains two kitchens and two bathrooms, providing the core features needed to convert the current configuration back to a duplex. Three entry doors support separate access, while the interior includes four bedrooms and laminate and vinyl flooring. Brick and frame construction, a shingle roof, central heating, natural gas, and central air complete the improvements.

The property also accommodates continued office use, with exterior signs and a shed included. Off-street parking is available, and the site has room for a second building. Appliances conveyed with the property include a microwave, range, and refrigerator.

Key Highlights

  • 1,725 SF building with two kitchens and two bathrooms retained for duplex conversion
  • Four bedrooms and three entry doors
  • Off‑street parking and room for a second building

Property Analytics

Current Use

Creative Compassion Social Service Agency

Suggested Use

Top Pick Parking Lot & Garage Catering Service Veterinary Clinic (Bike/Boat/Book/etc) Store Acupuncture Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

967
Businesses Nearby

Demographics for 38555, TN

19,930
Population
10,104
Households
2
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
92.3 sq mi
ZIP Area
216
Density / Sq Mi
$55,286
Median Household Income
$31,571
Median Earnings
$794
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Existing layout supports residential conversion or continued office use with separate entrances and signage.
Where is this duplex located?
The property is located at 20 Penny Lane Crossville, TN.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,725 SF building with two kitchens and two bathrooms retained for duplex conversion; Four bedrooms and three entry doors; Off‑street parking and room for a second building
More about this property
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