20-Unit Brick Apartment
3100 E Governor John Sevier Hwy, Knoxville, TN 37914
For Sale
$3,100,000
Pending
Five buildings contain two-bedroom townhomes, with 14 units renovated and residents paying their own utilities.
Property Size23,250 SF
Days on Market95
Property Features for 3100 E Governor John Sevier Hwy
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Construction
Listing Agency:
PWA Properties
Listed By:
Cohl Morgan · License TN #351465
(865) 233-6441
Source:
Viewhomesineasttn
Added: Aug 9
Changed: Nov 10
Last Checked: Nov 10 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 PWA Properties
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Investment Insights
Based on property information with market context.
Built in 1974, this 23,250-square-foot apartment property comprises five all-brick buildings with four townhomes each. All 20 residences have two bedrooms and one and a half bathrooms; 14 have been renovated. Residents are responsible for their utilities.
The property is in Southeast Knoxville, approximately 15 minutes from Downtown Knoxville. The included addresses are 3100, 3108, 3122, 3128 and 3134 E Governor John Sevier Highway, Knoxville, TN 37914.
The property is in Southeast Knoxville, approximately 15 minutes from Downtown Knoxville. The included addresses are 3100, 3108, 3122, 3128 and 3134 E Governor John Sevier Highway, Knoxville, TN 37914.
Key Highlights
- 20 townhomes across five all‑brick buildings
- Each residence has 2 bedrooms and 1.5 bathrooms
- 14 of the 20 units have been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$208,654
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,173,080
$4.2M
Cap Rate 7%
$2,980,771
$3.0M
Cap Rate 9%
$2,318,378
$2.3M
Market Conditions
NOI Build-Up for 23,250 SF
Gross rent
$410.1K $17.64/SF
− Vacancy
−$30.8K −$1.32/SF
EGI
$379.4K $16.32/SF
− OpEx
−$170.7K −$7.34/SF
NOI
$208.7K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,173,080
Cap Rate 7%
$2,980,771
Cap Rate 9%
$2,318,378
Alternative Uses
Best Use
Apartment 5plus
$2.98M
$2.61M – $3.48M
NOI $208,654 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,099 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
20
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Knoxville, TN
Properties on Market for Apartment buildings in Knoxville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five buildings contain two-bedroom townhomes, with 14 units renovated and residents paying their own utilities.
Where is this apartment building located?
The property is located at 3100 E Governor John Sevier Hwy Knoxville, TN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 20 townhomes across five all‑brick buildings; Each residence has 2 bedrooms and 1.5 bathrooms; 14 of the 20 units have been renovated
