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Renovated Apartment Building

281 John McGhee Blvd, Caryville, TN 37714

For Sale
New
$2,139,900

Separate utility meters allow tenants to pay their own utility costs.

Property SizeContact for details
Days on Market5

Property Features for 281 John McGhee Blvd

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 9 x studio, 11 x 1BR, 3 x 2BR, 1 x 4BR
Multifamily Units 24
Individually Metered Utilities unspecified utilities

Additional Details

Tenant in Place Yes

Building Details

Year Built 1978
Listing Agency: Southland Brokers
Listed By: Raj Cheema
Source: Thecochranteam
Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 2:25PM

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 Southland Brokers

Rey
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Investment Insights

Based on property information with market context.

This 24-unit apartment property at 281 John McGhee Blvd in Caryville includes 9 studio apartments, 11 one-bedroom units, 3 two-bedroom units, and 1 four-bedroom unit. Improvements include flooring, roofing, PTAC units, appliances, cabinets, electrical panels and meters, plus plumbing updates and individual plumbing meters. The building was constructed in 1978.

The property is near an I-75 exit, with access to Knoxville. Utilities are separately metered, and tenants pay them directly.

Key Highlights

  • 24 apartments: 9 studios, 11 one‑bedroom, 3 two‑bedroom, and 1 four‑bedroom units
  • Renovation work includes new flooring, roof, PTAC units, appliances, cabinets, electrical panels and meters
  • Updated plumbing with individual plumbing meters

Property Analytics

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Lease Details

24
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

106
Businesses Nearby

Demographics for 37714, TN

4,352
Population
2,096
Households
2.1
Avg Household Size
43
Median Age
10%
College-Educated
84%
High-School Grad
64.4 sq mi
ZIP Area
68
Density / Sq Mi
$53,431
Median Household Income
$38,475
Median Earnings
$862
Median Rent
$192,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Separate utility meters allow tenants to pay their own utility costs.
Where is this apartment building located?
The property is located at 281 John McGhee Blvd Caryville, TN.
What is the asking price?
The asking price for this property is $2,139,900.
What are key features of this property?
This property features: 24 apartments: 9 studios, 11 one‑bedroom, 3 two‑bedroom, and 1 four‑bedroom units; Renovation work includes new flooring, roof, PTAC units, appliances, cabinets, electrical panels and meters; Updated plumbing with individual plumbing meters
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