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    Afton Multi-Residence Property Title is generated by Realmo AI

    225 Mary Lamons Road, Afton, TN 37616

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    For Sale
    $740,000

    MULTI_FAMILY - Other - Afton, TN

    Property size:
    6,222 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $118/SF
    Added:
    Mar 2, 2026
    Days on Market:
    74
    Last Refresh:
    May 15 at 1:06 pm

    Property Features for 225 Mary Lamons Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    A1
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Basement, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Dining Room
    Parking features
    Driveway, Open
    Window features
    Double Pane Windows
    Patio and Porch features
    Patio, Porch
    Interior features
    Balcony, Eat-in Kitchen, Entrance Foyer, Kitchen/Dining Combo, Soaking Tub, Utility Sink, Walk-In Closet(s)
    Exterior features
    Balcony
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    055 086.03
    Size
    6,222 SF
    Lot size
    0.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3144

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Fireplace(s)
    Cooling system
    Heat Pump, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1923
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Tile
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Brian Parlier
    Brian Parlier

    Listing agent Brian Parlier License #359767

    Listing office Hurd Realty, LLC 110 KLM Drive Suite 1, Johnson City, TN

    Listing date Mar 2, 2026

    MLS# 9991783 Listing URL

    Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • In‑law suite/guest apartment built in 2008 with +/- 1386 sq ft offers income‑producing potential.
    • Main house is a renovated 4800 sq ft home with 3 bedrooms, a bonus room, 3 bathrooms, multiple porches, a gazebo, and 360‑degree mountain views.
    • Custom 2‑car garage/workshop equipped with a full bathroom, wash sink, and 80‑gallon air compressor.
    • Located just 15 minutes from Downtown Greeneville, Tusculum University, and Greeneville Regional Hospital, with no city taxes.
    • Main level features a large living room with tray ceilings, 2 gas fireplaces, custom hardwood and tile flooring, and a kitchen with quartz countertops.
    • Upper level boasts an extra‑large ensuite with dual closets, a custom oversized shower, a clawfoot soaking tub, and a private covered balcony.

    Overview

    This property features two residences on just under one acre. The main house, built in the 1920s and renovated with custom features, offers 3 bedrooms, a bonus room suitable for an office or additional bedroom, and 3 full bathrooms. The main level, approximately 3288 square feet, includes 2 bedrooms, 2 full bathrooms, a bonus/rec room, a large living room with tray ceilings, 2 gas fireplaces, a laundry room with extra storage, custom hardwood and tile flooring, an eat-in kitchen with a pantry and quartz countertops, and a formal dining room. The upper level, approximately 1548 square feet, features an extra-large ensuite with dual closets, double high tray ceilings, room for a home gym and media area with surround sound, a full bath with a custom oversized shower (3 shower heads) and a separate cast iron clawed soaking tub, and a private covered balcony with mountain views. A workshop/2-car garage is custom detailed for car enthusiasts and includes a full bathroom, separate wash sink, and an 80-gallon air compressor with extra storage. Built in 2008, the in-law suite/guest apartment/income-producing potential offers approximately 1386 square feet, 2 bedrooms, 1 full bathroom with double vanity, an extra loft area, vaulted ceilings, a dining area, a full kitchen with extra storage, its own laundry, and a separated electric meter. Additional features include a dog run, above-ground swimming pool, and extra storage throughout. The property is located approximately 15 minutes from Downtown Greeneville, Tusculum University, Greeneville Regional Hospital, and Doak Elementary, Middle, and Highschool.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Auto Repair Shop HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Afton
    County
    Greene
    State
    Tennessee
    Longitude
    -82.76929
    Latitude
    36.239243

    FAQs

    What type of property is this?
    Duplex - Two residences on just under one acre near Greeneville.
    Where is this duplex located?
    The property is located at 225 Mary Lamons Road Afton, TN.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: In‑law suite/guest apartment built in 2008 with +/- 1386 sq ft offers income‑producing potential.; Main house is a renovated 4800 sq ft home with 3 bedrooms, a bonus room, 3 bathrooms, multiple porches, a gazebo, and **360‑degree mountain views.**; Custom 2‑car garage/workshop equipped with a full bathroom, wash sink, and 80‑gallon air compressor.
    (404) 931-4874
    We can help!
    Listing Contact
    Brian Parlier
    Brian Parlier
    Real Estate License ID: 359767
    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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