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Renovated 24-Unit Apartment Building
For Sale
$2,149,900

281 John McGhee Blvd, Caryville, TN 37714

Multi-Family, Caryville, TN

Property SizeContact for details
Lot Size0.00 Acres
Days on Market169

Property Features for 281 John McGhee Blvd

General Information

Property type Residential Multi Family
Property subtype Other
Directions I75N to exit 134 take right onto John McGhee Blvd. Property is on the left.
Subdivision Campbell County - 37
Standard status Active
APN 120N B 02700 000
Lot size 0.00 Acres

Taxes and HOA fees

Tax Annual Amount 2709

Utilities

Heating system Electric (Heating)

Building Details

Year built 1978
Number of units 24
Building materials Brick
Roof type Shingle
Listing Agency: Southland Brokers
Listed By: Raj Cheema
Added: Apr 11 Changed: Sep 7 Last Checked: Sep 26 at 11:06PM
MLS# 1336430

Copyright © 2026 East Tennessee 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.

This 24-unit apartment building in Caryville was constructed in 1978 and has brick construction with a shingle roof. The property has undergone a full renovation, including new flooring, roofing, PTAC units, appliances, cabinets, electrical panels and meters, plus plumbing updates and individual plumbing meters. The unit mix includes 9 studio units, 11 one-bedroom units, 3 two-bedroom units, and 1 four-bedroom unit.

Utilities are separately metered, with tenants paying them directly. The property is located near an interstate exit with access to I-75 and a short drive to Knoxville. Its address is 281 John McGhee Blvd, Caryville, TN 37714.

Key Highlights

  • 24‑unit apartment building with 9 studios, 11 one‑bedroom units, 3 two‑bedroom units, and 1 four‑bedroom unit
  • Full renovation includes flooring, roof, PTAC units, appliances, cabinets, electrical panels and meters
  • Updated plumbing with individual plumbing meters

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Parts Store Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully renovated apartment community with separately metered utilities and a varied unit mix.
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 $2,149,900.
What are key features of this property?
This property features: 24‑unit apartment building with 9 studios, 11 one‑bedroom units, 3 two‑bedroom units, and 1 four‑bedroom unit; Full renovation includes flooring, roof, PTAC units, appliances, cabinets, electrical panels and meters; Updated plumbing with individual plumbing meters
More about this property
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