Duplex with Covered
For Sale
$285,000
309 Carter Ave, Harriman, TN 37748
Two furnished two-bedroom units include appliances, rear decks, and separate storage sheds.
Property Size1,980 SF
Price / SF$143.94
Days on Market33
Property Features for 309 Carter Ave
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,943
Amenities
rear decks
level yard
covered parking
separate storage shed for each unit
refrigerator
range
dishwasher
washer and dryer
Building Details
Building Size
1,980 SF
Year Built
1999
Buildings
1
Units
2
Listing Agency:
Carter Chase Realty, LLC
Listed By:
James Hoppa
(865) 257-0371
Source:
Carterchaserealty
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 29 at 6:33PM
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 Carter Chase Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,980-square-foot duplex, built in 1999, contains two units, each with two bedrooms and one bathroom. Both include a refrigerator, range, dishwasher, washer, and dryer. Rear decks and a separate storage shed serve each unit, while covered parking and a level yard provide shared exterior features.
The property is at 309 Carter Ave in Harriman, with access to shopping, schools, and area amenities.
The property is at 309 Carter Ave in Harriman, with access to shopping, schools, and area amenities.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,980 square feet; built in 1999
- Refrigerator, range, dishwasher, washer, and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,310
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,200
$386.2K
Cap Rate 7%
$275,857
$275.9K
Cap Rate 9%
$214,556
$214.6K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$29.7K $15.00/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$27.6K $13.93/SF
− OpEx
−$8.3K −$4.18/SF
NOI
$19.3K $9.75/SF
Area
Roane County, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,200
Cap Rate 7%
$275,857
Cap Rate 9%
$214,556
Alternative Uses
Best Use
Multifamily LT 5
$275.9K
$241.4K – $321.8K
NOI $19,310 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$253.8K
$222.1K – $296.2K
NOI $17,769 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$490.4K
$429.1K – $572.1K
NOI $34,328 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished two-bedroom units include appliances, rear decks, and separate storage sheds.
Where is this duplex located?
The property is located at 309 Carter Ave Harriman, TN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,980 square feet; built in 1999; Refrigerator, range, dishwasher, washer, and dryer in each unit
