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    2182 Lakeview Rd Lenoir City, TN 37772

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    For Sale
    $389,999

    MULTI_FAMILY - Lenoir City, TN

    Property size:
    1,344 SF
    Price / SF:
    $290/SF
    Added:
    Apr 21, 2026
    Days on Market:
    13
    Last Refresh:
    May 3 at 9:06 am

    Property Features for 2182 Lakeview Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4
    Parking features
    Carport
    Exterior features
    Windows - Vinyl
    Appliances
    Microwave, Range, Refrigerator
    Standard status
    Active
    APN
    021 054.00
    Size
    1,344 SF

    Taxes and HOA fees

    Tax Annual Amount
    866

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Number of units
    2
    Flooring type
    Brick, Vinyl, Tile, Laminate
    Building materials
    Brick, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Benjamin Tanasov

    Listing agent Benjamin Tanasov

    Listing office Southland Realtors, Inc 244 Peters Road N, Knoxville, TN

    Listing date Apr 21, 2026

    MLS# 1337693 Listing URL

    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.

    Overview

    Lenoir City Duplex Investment

    This income-producing duplex is located in Lenoir City, Tennessee, just off Martel Road. The property has a 6% cap rate at current rents, with potential to improve returns with future rent adjustments. Increasing the second unit to approximately $1,500 per month could bring the cap rate closer to 7%. The buyer is responsible for verifying all income, expenses, and projections. The brick duplex features a newer metal roof and covered carports for each unit. Each of the two 2-bedroom units includes central HVAC and washer/dryer connections. Tenants are responsible for paying all utilities, including water. Unit 1 was renovated approximately 3 years ago. Property updates approximately 10 years ago include kitchens, flooring, roof, and windows. The property is located approximately 1 mile from Lenoir City Park, which features a dog park, playgrounds, and a boat launch. It is also minutes from Loudon Marina and Calhoun's. The property size is 1,344 square feet. This property presents a strong investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Bed & Breakfast Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir City
    County
    Loudon
    State
    Tennessee
    Longitude
    -84.230209
    Latitude
    35.803999

    Nearby Similar for Sale

    • $1,550,000

      Lakefront Property in Gated Community

      Lakefront property with mountain views and access to marina.
      272 Edgewater Way, Lenoir City, TN 37772
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    • $2,750,000
      18,750 SF

      Lenoir City Office Building For Sale

      18,750 SF office building with flexible design potential.
      2265 Old Hwy 95, Lenoir City, TN
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    • Contact for pricing
      7,000 SF

      Downtown Lenoir City Commercial Space

      7,000 SF commercial building with showroom and warehouse space.
      209 E Broadway St, Lenoir City, TN 37771
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    • $399,999
      1,344 SF

      Lenoir City Duplex Investment Opportunity

      Income-producing duplex with potential for increased returns in Lenoir City.
      2182 Lakeview Road, Lenoir City, TN 37772
      View Details
    • $600,000
      1,670 SF

      Lenoir City Office Investment Opportunity

      Recently renovated office space occupied by long-term tenants.
      1015 E 1st Ave, Lenoir City, TN
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex in Lenoir City with potential for increased returns.
    Where is this duplex located?
    The property is located at 2182 Lakeview Rd Lenoir City, TN.
    What is the asking price?
    The asking price for this property is $389,999.
    What are key features of this property?
    This property features: Income‑producing duplex boasting a 6% cap rate.; Potential to increase cap rate to approximately 7% with rent adjustments.; Desirable Lenoir City location, close to Lenoir City Park, Loudon Marina, and Calhoun's.
    (865) 604-6920
    We can help!
    Listing Contact
    Benjamin Tanasov
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2182 Lakeview Rd, Lenoir City, TN 37772

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