New-Construction
New
For Sale
$349,900
204 Avenue B, Alcoa, TN 37701
Multi-Family, Alcoa, TN
Property Size1,400 SF
Lot Size0.22 Acres
Price / SF$249.93
Days on Market2
Property Features for 204 Avenue B
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Window features
Aluminum Frames
Interior features
Walk-In Closet(s), Kitchen Island
Appliances
Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Subdivision
Luther Jackson
Elementary school
Alcoa
Middle school
Alcoa
High school
Alcoa
Directions
From Knoxville- take 140 to Alcoa Highway, past the airport, left at the split, turn right on Lindsay Street, left at Avenue B- sign on property
Standard status
Active
APN
046M E 013.00
Size
1,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
287
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
2026
Number of units
3
Flooring type
Vinyl, Tile, Carpet
Building materials
Vinyl Siding, Brick
Roof type
Asphalt, Shingle
Listing Agency:
Realty Executives Associates · Realty Executives International
(865) 983-0011
Listed By:
Beth Brinkmann
(865) 441-2527
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 11 at 7:06PM
MLS# 1355058
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 under-construction triplex is planned with three-bedroom, 2.5-bathroom residences featuring open-concept living areas, separate laundry rooms, kitchen islands, and one-car garages. Each unit is offered separately, with a refrigerator included in the kitchen. Interior finishes include carpet, tile, and vinyl flooring, while central electric heating and central air provide year-round climate control. The homes also include ranges, microwaves, disposals, and self-cleaning ovens.
The property occupies 0.22 acres at 204 Avenue B in Alcoa, Tennessee, within Blount County. The 1,400-square-foot residences are scheduled for 2026 construction and use vinyl siding with brick accents beneath an asphalt shingle roof. The location is described as being near shopping and dining and is zoned for Alcoa schools.
The property occupies 0.22 acres at 204 Avenue B in Alcoa, Tennessee, within Blount County. The 1,400-square-foot residences are scheduled for 2026 construction and use vinyl siding with brick accents beneath an asphalt shingle roof. The location is described as being near shopping and dining and is zoned for Alcoa schools.
Key Highlights
- Three‑bedroom, 2.5‑bathroom residences with open‑concept layouts
- Each unit is offered separately
- 1,400 square feet per property information
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
$13,598
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
3.89%
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%
$271,960
$272.0K
Cap Rate 7%
$194,257
$194.3K
Cap Rate 9%
$151,089
$151.1K
Market Conditions
NOI Build-Up for 1,400 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
$21.0K $15.00/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$19.4K $13.88/SF
− OpEx
−$5.8K −$4.16/SF
NOI
$13.6K $9.71/SF
Area
Blount County, TN
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$271,960
Cap Rate 7%
$194,257
Cap Rate 9%
$151,089
Alternative Uses
Best Use
Multifamily LT 5
$194.3K
$170.0K – $226.6K
NOI $13,598 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$180.8K
$158.2K – $211.0K
NOI $12,659 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 37701, TN
8,798
Population
4,485
Households
2
Avg Household Size
39
Median Age
34%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
822
Density / Sq Mi
$63,202
Median Household Income
$39,064
Median Earnings
$1,101
Median Rent
$239,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Open-concept residences include separate laundry rooms, kitchen islands, and one-car garages.
Where is this triplex located?
The property is located at 204 Avenue B Alcoa, 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: Three‑bedroom, 2.5‑bathroom residences with open‑concept layouts; Each unit is offered separately; 1,400 square feet per property information
