Under-Construction
New
For Sale
$349,900
206 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 206 Avenue B
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Garage
Interior features
Walk-In Closet(s), Kitchen Island
Exterior features
Windows - Vinyl
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
Subdivision
Luther Jackson
Elementary school
Alcoa
Middle school
Alcoa
High school
Alcoa
Directions
From Knoxville- take 140 East to Alcoa Highway, past the airport, left at the split, turn right on Lindsay Street, left on Avenue B
Standard status
Active
APN
046M E 01300 000
Size
1,400 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
287
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
laundry room
Building Details
Year built
2026
Number of units
3
Flooring type
Carpet, Tile, Vinyl
Building materials
Vinyl Siding, Brick, Block
Roof type
Shingle, Asphalt
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# 1355060
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 includes three separately offered residences, each measuring 1,400 square feet. Every unit is planned with three bedrooms, 2.5 bathrooms, an open-concept living area, a kitchen island, walk-in closet(s), and a separate laundry room. Each residence also includes a one-car garage, vinyl windows, central heating and cooling, and a refrigerator. Additional appliances include a dishwasher, disposal, microwave, range, and self-cleaning oven.
The property occupies 0.22 acres at 206 Avenue B in Alcoa, Tennessee. Construction materials include vinyl siding, brick, and block, with shingle and asphalt roofing. Interior finishes include carpet, vinyl, and tile flooring. The property is identified for the 2026 construction year and is located near shopping and dining facilities.
The property occupies 0.22 acres at 206 Avenue B in Alcoa, Tennessee. Construction materials include vinyl siding, brick, and block, with shingle and asphalt roofing. Interior finishes include carpet, vinyl, and tile flooring. The property is identified for the 2026 construction year and is located near shopping and dining facilities.
Key Highlights
- Triplex with 3 separately offered residences
- Each unit measures 1,400 square feet
- Three bedrooms and 2.5 bathrooms per unit
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
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Open Analytics
Current Use
Lease Details
3
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
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately offered residences feature open layouts, attached garages, and dedicated laundry rooms near shopping and dining.
Where is this triplex located?
The property is located at 206 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: Triplex with 3 separately offered residences; Each unit measures 1,400 square feet; Three bedrooms and 2.5 bathrooms per unit
