Updated Duplex with
For Sale
$300,000
2430 Parkview Ave, Knoxville, TN 37917
Two-unit property with one leased residence and a vacant upper apartment.
Property Size2,231 SF
Price / SF$134.47
Days on Market104
Property Features for 2430 Parkview Ave
General Information
Standard status
Active
Size
2,231 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Year Renovated
2025
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Justin Myers 8657300773 · License #3215492
(904) 238-3304
Source:
Homesmiddletn
Added: Jul 4
Changed: Oct 1
Last Checked: Oct 14 at 11:53PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 1920 duplex contains a 1,666-square-foot lower residence with two bedrooms and two bathrooms, plus a 706-square-foot upper unit with one bedroom and one bathroom. The lower unit features hardwood flooring, 12-foot ceilings, and a fireplace, while the upper apartment is vacant. The property received substantial improvements in 2024, including a new roof, drywall, kitchen work downstairs, refinished hardwood floors, interior and exterior paint, updated toilets, and bathroom improvements. A downstairs water heater and new HVAC system with ductwork were added in 2025.
The property is approximately five minutes from Downtown Knoxville and less than 10 minutes from the University of Tennessee. Knoxville Botanical Garden, breweries, dining, shopping, Old City, and Market Square are also nearby.
The property is approximately five minutes from Downtown Knoxville and less than 10 minutes from the University of Tennessee. Knoxville Botanical Garden, breweries, dining, shopping, Old City, and Market Square are also nearby.
Key Highlights
- 1,666‑square‑foot lower unit with 2 bedrooms and 2 bathrooms
- 706‑square‑foot upper unit with 1 bedroom and 1 bathroom
- Lower residence includes hardwood floors, 12‑foot ceilings, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,758
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,160
$435.2K
Cap Rate 7%
$310,829
$310.8K
Cap Rate 9%
$241,756
$241.8K
Market Conditions
NOI Build-Up for 2,231 SF
Gross rent
$33.5K $15.00/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$31.1K $13.93/SF
− OpEx
−$9.3K −$4.18/SF
NOI
$21.8K $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%
$435,160
Cap Rate 7%
$310,829
Cap Rate 9%
$241,756
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,758 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$286.0K
$250.3K – $333.7K
NOI $20,022 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one leased residence and a vacant upper apartment.
Where is this duplex located?
The property is located at 2430 Parkview Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,666‑square‑foot lower unit with 2 bedrooms and 2 bathrooms; 706‑square‑foot upper unit with 1 bedroom and 1 bathroom; Lower residence includes hardwood floors, 12‑foot ceilings, and a fireplace
