Fully Occupied Duplex
253 Harr Town Road Blountville, TN 37617
253 Harr Town Road, Blountville, TN, 37617
$229,900
For Sale
$229,900
Fully occupied duplex featuring vinyl siding and luxury vinyl interior surfaces for easy maintenance.
Property Size3,024 SF
Price / SF$76.03
Days on Market62
Property Features for 253 Harr Town Road
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1943
Listing agency
North East Tennessee Real Estate, LLC
(423) 282-1050
Listed by
Richard Banks · License #255057
(423) 282-1050
Source
Compass
Added: May 22 Updated: Jul 21 at 10:16AM Checked: Jul 22 at 11:18AM
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 North East Tennessee Real Estate, LLC
Investment Insights
Based on property information with market context.
This fully occupied duplex is set up for steady rental income, with both tenants described as long-term and wanting to remain. The exterior is finished with vinyl siding, while the interior features luxury vinyl flooring, aiming to simplify day-to-day maintenance.
Located just outside of Kingsport with proximity to Interstate 81, the property benefits from convenient regional access.
The duplex configuration offers two separate rental units within one property, supported by a stated good rental history and current occupancy.
Located just outside of Kingsport with proximity to Interstate 81, the property benefits from convenient regional access.
The duplex configuration offers two separate rental units within one property, supported by a stated good rental history and current occupancy.
Key Highlights
- Fully occupied duplex with both tenants long term and an established rental history
- Vinyl siding exterior with luxury vinyl interior surfaces for lower‑maintenance upkeep
- 2‑story duplex built in 1943
Local 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 | $40.6k | $13.44 |
| − Vacancy | −$2.2k | −$0.74 |
| EGI | $38.4k | $12.70 |
| − OpEx | −$17.3k | −$5.72 |
| NOI | $21.1k | $6.99 |
3,024 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.3K
$282.0K – $376.1K
NOI $22,563 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,124 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$1.13M
$990.9K – $1.32M
NOI $79,270 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully occupied duplex featuring vinyl siding and luxury vinyl interior surfaces for easy maintenance.
Where is this duplex located?
The property is located at 253 Harr Town Road Blountville, TN.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Fully occupied duplex with both tenants long term and an established rental history; Vinyl siding exterior with luxury vinyl interior surfaces for lower‑maintenance upkeep; 2‑story duplex built in 1943
