Updated Three-Unit
2703 Bridalwood Drive Knoxville, TN 37917
For Sale
$400,000
As-is triplex with three updated rental units, including fresh paint and new carpet.
Days on Market142
Property Features for 2703 Bridalwood Drive
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Year Built
1960
Listing Agency:
Realty Executives Associates
(865) 696-8089
Listed By:
Brooke Miracle
(865) 696-8089
Source:
Rockytophomeinfo
Added: Mar 10
Changed: Jul 27
Last Checked: Jul 28 at 5:51PM
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 Realty Executives Associates
Investment Insights
Based on property information with market context.
This triplex is being sold in as-is condition and includes three rental units with recent interior updates. Fresh interior paint and brand-new carpet are noted as improvements throughout the property. The middle and upper units each offer 2 bedrooms and 1 bathroom and are currently rented for $1,200 per month. The basement unit offers 1 bedroom and 1 bathroom and previously rented for $750 per month.
The property is located in the North Hills area of Knoxville, with easy access to downtown Knoxville, local restaurants, shopping, and major roadways. The listing also references nearby outdoor recreation and parks.
For a practical unit mix, the asset includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Based on the figures provided, total potential monthly rental income is stated as $3,150.
The property is located in the North Hills area of Knoxville, with easy access to downtown Knoxville, local restaurants, shopping, and major roadways. The listing also references nearby outdoor recreation and parks.
For a practical unit mix, the asset includes two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Based on the figures provided, total potential monthly rental income is stated as $3,150.
Key Highlights
- As‑is triplex built in 1960 with three rental units at 2703 Bridalwood Dr
- Recent updates in each unit, including fresh interior paint and brand‑new carpet
- Two units have 2 beds and 1 bath; both are currently rented for $1,200/month
Financial Insights For Multifamily LT 5
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 | $40.2k | $15.00 |
| − Vacancy | −$2.9k | −$1.07 |
| EGI | $37.4k | $13.93 |
| − OpEx | −$11.2k | −$4.18 |
| NOI | $26.2k | $9.75 |
2,682 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.7K
$327.0K – $435.9K
NOI $26,156 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$343.8K
$300.9K – $401.2K
NOI $24,069 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$664.3K
$581.2K – $775.0K
NOI $46,499 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - As-is triplex with three updated rental units, including fresh paint and new carpet.
Where is this triplex located?
The property is located at 2703 Bridalwood Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: As‑is triplex built in 1960 with three rental units at 2703 Bridalwood Dr; Recent updates in each unit, including fresh interior paint and brand‑new carpet; Two units have 2 beds and 1 bath; both are currently rented for $1,200/month
