Two-Unit Duplex with Covered
For Sale
$285,000
309 Carter Ave, Harriman, TN 37748
Multi-Family, Harriman, TN
Property Size1,980 SF
Price / SF$143.94
Days on Market10
Property Features for 309 Carter Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Directions
Navigate to 309 Carter Ave, Harriman, TN 37748
Subdivision
Roane County - 31
Standard status
Active
APN
026K L 00600 000
Size
1,980 SF
Taxes and HOA fees
Tax Annual Amount
1944
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Amenities
rear decks
level yard
covered parking
storage shed
Building Details
Year built
1999
Number of units
2
Flooring type
Vinyl, Carpet, Laminate
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
Coldwell Banker Jim Henry · Coldwell Banker Real Estate
(865) 376-2121
Listed By:
April Shepherd · License #324944
(865) 603-7230
Added: Sep 28
Last Checked: Oct 7 at 5:06PM
MLS# 1357049
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.
Built in 1999, this 1,980-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Each side is equipped with a refrigerator, range, dishwasher, washer and dryer. The property also has rear decks, a level yard, covered parking and a dedicated storage shed for each unit.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,980 square feet total
- 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include kitchen appliances, washers and dryers, with outdoor decks and individual 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 units, each with 2 bedrooms and 1 bathroom; 1,980 square feet total; Refrigerator, range, dishwasher, washer and dryer in each unit
