Renovated Historic
2027 Dandridge Avenue Knoxville, TN 37915
2027 Dandridge Avenue, Knoxville, TN, 37915
$316,848
For Sale
$316,848
Renovated duplex offering two occupied apartments with shared porch and entryway laundry setup.
Property Size2,154 SF
Price / SF$147.10
Days on Market54
Property Features for 2027 Dandridge Avenue
General Information
- Standard status
- Active
- Size
- 2,154 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Intempus Parent Co, Inc.
Listed by
Chris Cockerille
Source
Compass
Added: May 31 Updated: Jul 22 at 9:35PM Checked: Jul 22 at 9:35PM
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 Intempus Parent Co, Inc.
Investment Insights
Based on property information with market context.
Renovated in 2025, this historic duplex is configured with two separate apartments over two levels, supported by a shared coined laundry located in the entryway. Apt. A is the larger 3-bedroom unit on the first floor, with two separate entries (front and back) and access to a large shared porch. Apt. B is a 2-bedroom unit on the second floor, accessed through the inside stairs.
Both apartments are currently occupied. The leases are noted to end in December. The property is described as being about 5 minutes from downtown, with Dandridge Ave turning into Summit Hill as you head west, and convenient access to I-40 and James White Parkway.
As part of a 12-home portfolio, the listing notes that all properties have been well maintained, with existing professional management available if needed by the buyer.
Both apartments are currently occupied. The leases are noted to end in December. The property is described as being about 5 minutes from downtown, with Dandridge Ave turning into Summit Hill as you head west, and convenient access to I-40 and James White Parkway.
As part of a 12-home portfolio, the listing notes that all properties have been well maintained, with existing professional management available if needed by the buyer.
Key Highlights
- Renovated in 2025 historic duplex with two occupied apartments
- 3‑bedroom Apt. A on first floor and 2‑bedroom Apt. B on second floor (inside stair access to Apt. B)
- Shared entryway laundry setup with coin‑operated shared laundry
Local Financial Insights For Multifamily LT 5
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 | $32.3k | $15.00 |
| − Vacancy | −$2.3k | −$1.07 |
| EGI | $30.0k | $13.93 |
| − OpEx | −$9.0k | −$4.18 |
| NOI | $21.0k | $9.75 |
2,154 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,007 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$276.2K
$241.6K – $322.2K
NOI $19,331 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,345 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex offering two occupied apartments with shared porch and entryway laundry setup.
Where is this duplex located?
The property is located at 2027 Dandridge Avenue Knoxville, TN.
What is the asking price?
The asking price for this property is $316,848.
What are key features of this property?
This property features: Renovated in 2025 historic duplex with two occupied apartments; 3‑bedroom Apt. A on first floor and 2‑bedroom Apt. B on second floor (inside stair access to Apt. B); Shared entryway laundry setup with coin‑operated shared laundry
