New Construction
New
For Sale
$349,900
208 Avenue B, Alcoa, TN 37701
Multi-Family, Alcoa, TN
Property Size1,400 SF
Lot Size0.00 Acres
Price / SF$249.93
Days on Market2
Property Features for 208 Avenue B
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Open, Garage
Interior features
Walk-In Closet(s), Kitchen Island
Exterior features
Windows - Vinyl
Appliances
Dishwasher, Disposal, Microwave, 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, exit towards the airport - go past the airport and left at the split- continue to Lindsay Street and turn right to Avenue B, sign on property.
Standard status
Active
APN
046M E 013.00
Size
1,400 SF
Lot size
0.00 Acres
Taxes and HOA fees
Tax Annual Amount
287
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
laundry room
refrigerator
Building Details
Year built
2026
Number of units
3
Flooring type
Carpet, Vinyl, Tile
Building materials
Vinyl Siding, Block, Frame, 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
Last Checked: Sep 11 at 7:06PM
MLS# 1355062
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 2026 triplex contains three residences offered separately. Each unit provides three bedrooms, two and one-half bathrooms, and an open-concept living area on the main level. The homes include a one-car garage, a separate laundry room, kitchen islands, walk-in closets, and a refrigerator along with a dishwasher, disposal, microwave, and self-cleaning oven. Central electric heating and central air serve the residences, with vinyl windows and a mix of vinyl, carpet, and tile flooring. The property size is 1,400 square feet.
Located at 208 Avenue B in Alcoa, the property is near shopping and dining and is zoned for Alcoa schools. Exterior construction includes vinyl siding, block, frame, and brick, while the roof is asphalt shingle.
Located at 208 Avenue B in Alcoa, the property is near shopping and dining and is zoned for Alcoa schools. Exterior construction includes vinyl siding, block, frame, and brick, while the roof is asphalt shingle.
Key Highlights
- Three‑unit triplex with residences offered separately
- Each unit includes 3 bedrooms and 2.5 bathrooms
- 1,400 square feet of property size
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
234
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 individually offered residences feature open living areas, attached garages, private laundry rooms, and modern kitchen appliances.
Where is this triplex located?
The property is located at 208 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‑unit triplex with residences offered separately; Each unit includes 3 bedrooms and 2.5 bathrooms; 1,400 square feet of property size
