Two-Unit Craftsman
New
For Sale
$349,900
2310 E Glenwood Ave, Knoxville, TN 37917
Two occupied residences feature hardwood flooring, shaker-style cabinetry, stainless appliances, and a covered front porch.
Property Size1,392 SF
Price / SF$251.36
Days on Market3
Property Features for 2310 E Glenwood Ave
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$1,462
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1910
Buildings
1
Construction
craftsman bungalow
Tenancy
Multi
Listed By:
Southern Charm Homes
(865) 518-4324
Source:
Southerncharm
Added: Oct 26
Last Checked: Oct 26 at 1:33PM
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 Southern Charm Homes
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Investment Insights
Based on property information with market context.
This 1910 Craftsman bungalow is configured as a duplex with two tenant-occupied units and 1,392 square feet in total. Interior details include hardwood floors, a painted brick fireplace, white shaker cabinetry, stainless steel appliances, ceiling fans, and a subway-tile tub surround. A covered porch fronts the building.
The property is in Knoxville’s Parkridge neighborhood, minutes from downtown. Both residences are leased, with current monthly rents of $1,600 for Unit 2310 and $1,325 for Unit 2308, totaling $2,925 per month. Interior photographs predate the current tenancies and show the layout and finishes; present condition may differ.
The property is in Knoxville’s Parkridge neighborhood, minutes from downtown. Both residences are leased, with current monthly rents of $1,600 for Unit 2310 and $1,325 for Unit 2308, totaling $2,925 per month. Interior photographs predate the current tenancies and show the layout and finishes; present condition may differ.
Key Highlights
- Two‑unit duplex with 1,392 total square feet
- Built in 1910
- Both units are tenant‑occupied and leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,575
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,500
$271.5K
Cap Rate 7%
$193,929
$193.9K
Cap Rate 9%
$150,833
$150.8K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$20.9K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.4K $13.93/SF
− OpEx
−$5.8K −$4.18/SF
NOI
$13.6K $9.75/SF
Area
Knoxville, 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 Rate 5%
$271,500
Cap Rate 7%
$193,929
Cap Rate 9%
$150,833
Alternative Uses
Best Use
Multifamily LT 5
$193.9K
$169.7K – $226.3K
NOI $13,575 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,492 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$344.8K
$301.7K – $402.2K
NOI $24,134 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
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Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences feature hardwood flooring, shaker-style cabinetry, stainless appliances, and a covered front porch.
Where is this duplex located?
The property is located at 2310 E Glenwood Ave Knoxville, 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: Two‑unit duplex with 1,392 total square feet; Built in 1910; Both units are tenant‑occupied and leased
