Four-Unit Multifamily
New
For Sale
$700,000
2312 Boyds Creek Highway, Sevierville, TN 37876
COMMERCIAL - Sevierville, TN
Property Size3,200 SF
Lot Size0.76 Acres
Price / SF$218.75
Days on Market4
Property Features for 2312 Boyds Creek Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking
8
Directions
Take Chapman Hwy to Boyds Creek Hwy, approx. 4.5 miles to the property on the left.
Subdivision
Sevierville
Standard status
Active
APN
025 009.02
Size
3,200 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1764
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Floors in Building
1
Flooring type
Laminate
Listing Agency:
PWA Properties
(865) 233-6441
Listed By:
Kevin Tipton · License #275491
(865) 210-0228
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 7:06AM
MLS# 313012
Copyright © 2026 Great Smoky Mountains Association of 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.
2312 Boyds Creek Highway is a well-maintained four-unit multifamily property consisting of two duplexes. The building features four two-bedroom, one-bathroom units and is currently 100% occupied.
Constructed in 1999, the property has central heating and central air conditioning, with laminate flooring. Public water and public sewer services are in place.
Set on a 0.76-acre lot and totaling approximately 3,200 square feet, this income property is zoned C2 in Sevierville, Tennessee. It is described as conveniently located just 15 minutes from downtown Sevierville and 20 minutes from downtown Knoxville, providing access to major employment centers, retail, dining, and entertainment.
Constructed in 1999, the property has central heating and central air conditioning, with laminate flooring. Public water and public sewer services are in place.
Set on a 0.76-acre lot and totaling approximately 3,200 square feet, this income property is zoned C2 in Sevierville, Tennessee. It is described as conveniently located just 15 minutes from downtown Sevierville and 20 minutes from downtown Knoxville, providing access to major employment centers, retail, dining, and entertainment.
Key Highlights
- Four two‑bedroom, one‑bath units with 100% occupancy
- Two duplex configuration within a four‑unit multifamily building
- Central heating and central air conditioning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $15.00 |
| − Vacancy | −$4.8k | −$1.50 |
| EGI | $43.2k | $13.50 |
| − OpEx | −$19.4k | −$6.08 |
| NOI | $23.8k | $7.43 |
3,200 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 3.39%
Second Best
Multifamily LT 5
$249.4K
$218.3K – $291.0K
NOI $17,461 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,464 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 37876, TN
32,866
Population
18,206
Households
1.8
Avg Household Size
45
Median Age
22%
College-Educated
89%
High-School Grad
186.8 sq mi
ZIP Area
176
Density / Sq Mi
$58,513
Median Household Income
$33,603
Median Earnings
$997
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit multifamily property with four two-bedroom, one-bath units, 100% occupied.
Where is this quadplex located?
The property is located at 2312 Boyds Creek Highway Sevierville, TN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units with 100% occupancy; Two duplex configuration within a four‑unit multifamily building; Central heating and central air conditioning
