Two-Unit Multifamily
For Sale
$310,000
206 Ferry Street, Loudon, TN 37774
Two-unit multifamily property totaling 1,610 SF located at 206 Ferry Street in Loudon, Tennessee.
Property Size1,610 SF
Price / SF$192.55
Days on Market51
Property Features for 206 Ferry Street
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Building Size
1,610 SF
Listing Agency:
SVN I Wood Properties
Listed By:
Ford Collier · License #TN #373873
(865) 337-3438
Source:
Svn
Added: Jul 16
Changed: Sep 1
Last Checked: Sep 2 at 4:41PM
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 SVN I Wood Properties
Investment Insights
Based on property information with market context.
This 1,610 SF multifamily property for sale features two separate units within the same building configuration. The offering is presented as an income-producing residential investment with two spacious living spaces.
The property is located at 206 Ferry Street in Loudon, TN 37774. The public remarks describe the asset as having high-quality construction and finishes, as well as flexible floor plans intended to support a range of tenant needs.
The property is located at 206 Ferry Street in Loudon, TN 37774. The public remarks describe the asset as having high-quality construction and finishes, as well as flexible floor plans intended to support a range of tenant needs.
Key Highlights
- Two‑unit multifamily property totaling 1,610 SF at 206 Ferry Street in Loudon, Tennessee
- Multifamily consists of 2 units
- Located in Loudon, TN
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
$15,701
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
5.06%
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%
$314,020
$314.0K
Cap Rate 7%
$224,300
$224.3K
Cap Rate 9%
$174,456
$174.5K
Market Conditions
NOI Build-Up for 1,610 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
$24.2K $15.00/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$22.4K $13.93/SF
− OpEx
−$6.7K −$4.18/SF
NOI
$15.7K $9.75/SF
Area
Loudon County, TN
Vacancy
7.12%
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%
$314,020
Cap Rate 7%
$224,300
Cap Rate 9%
$174,456
Alternative Uses
Best Use
Multifamily LT 5
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,449 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$398.8K
$348.9K – $465.2K
NOI $27,914 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 37774, TN
20,678
Population
10,020
Households
2.1
Avg Household Size
58
Median Age
31%
College-Educated
88%
High-School Grad
88.2 sq mi
ZIP Area
234
Density / Sq Mi
$83,724
Median Household Income
$40,779
Median Earnings
$929
Median Rent
$329,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property totaling 1,610 SF located at 206 Ferry Street in Loudon, Tennessee.
Where is this duplex located?
The property is located at 206 Ferry Street Loudon, TN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit multifamily property totaling 1,610 SF at 206 Ferry Street in Loudon, Tennessee; Multifamily consists of 2 units; Located in Loudon, TN
