Residential Income
For Sale
$219,900
302 Carlton, Maryville, TN 37804
The property has window-unit cooling, multiple heating systems, and an on-site carport.
Property Size1,332 SF
Days on Market8
Property Features for 302 Carlton
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Residential Income
Amenities
Window Unit(s)
Central, Natural Gas, Baseboard, Electric
Range, Refrigerator
Master Downstairs
Carport, On Site
Building Details
Building Size
1,332 SF
Year Built
1920
Listing Agency:
Realty Executives Associates
Listed By:
John Weston
(865) 388-8249
Source:
Evrealestate
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 30 at 1:46PM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this residential income property includes window-unit cooling and a heating setup with central, natural gas, baseboard, and electric components. Interior features include a range, refrigerator, and a downstairs master bedroom. An on-site carport provides vehicle accommodation.
Key Highlights
- Built in 1920
- Heating includes central, natural gas, baseboard, and electric systems
- Window‑unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,044
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,880
$240.9K
Cap Rate 7%
$172,057
$172.1K
Cap Rate 9%
$133,822
$133.8K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$23.5K $17.64/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$21.9K $16.44/SF
− OpEx
−$9.9K −$7.40/SF
NOI
$12.0K $9.04/SF
Area
Blount County, TN
Vacancy
6.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,880
Cap Rate 7%
$172,057
Cap Rate 9%
$133,822
Alternative Uses
Best Use
Apartment 5plus
$172.1K
$150.6K – $200.7K
NOI $12,044 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.3K
$469.2K – $625.6K
NOI $37,538 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
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Business Placement
Demographics for 37804, TN
27,075
Population
10,569
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
34.9 sq mi
ZIP Area
776
Density / Sq Mi
$75,794
Median Household Income
$37,879
Median Earnings
$1,155
Median Rent
$224,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has window-unit cooling, multiple heating systems, and an on-site carport.
Where is this residential income property located?
The property is located at 302 Carlton Maryville, TN.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Built in 1920; Heating includes central, natural gas, baseboard, and electric systems; Window‑unit cooling
