New Construction Craftsman
For Sale
$549,000
3131 Linden Avenue, Knoxville, TN 37914
Two-story duplex with matching three-bedroom, three-bath units and low-maintenance finishes near downtown.
Property Size1,580 SF
Price / SF$347.47
Days on Market139
Property Features for 3131 Linden Avenue
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$71
Amenities
Central Cooling, Ceiling Fan(s)
Yes
Tile
True
Dishwasher, Range, Self Cleaning Oven
Windows - Vinyl, Prof Landscaped
Vinyl, Block, Frame
Building Details
Year Built
2026
Buildings
1
Stories
2
Construction
Craftsman-style
Listing Agency:
Southern Homes & Farms, LLC
(865) 471-0070
Listed By:
Josh Braden
Source:
Compass
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 7:08PM
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 Southern Homes & Farms, LLC
Investment Insights
Based on property information with market context.
Completed as 2026 construction, this two-story Craftsman-style duplex contains two thoughtfully designed residences, each with 3 bedrooms and 3 bathrooms. Both units feature a primary suite with a walk-in closet and walk-in shower, along with additional rooms that can accommodate family, guests, or office use. Central cooling, ceiling fans, tile surfaces, vinyl windows, and a kitchen equipped with a dishwasher, range, and self-cleaning oven add practical functionality. The exterior combines vinyl, block, and frame construction with professional landscaping.
The property is approximately 5 minutes from downtown, placing dining, shopping, and entertainment within convenient reach. Its duplex configuration supports both owner-occupancy and investor ownership, subject to applicable requirements.
The property is approximately 5 minutes from downtown, placing dining, shopping, and entertainment within convenient reach. Its duplex configuration supports both owner-occupancy and investor ownership, subject to applicable requirements.
Key Highlights
- Two‑story Craftsman‑style duplex built in 2026
- Each unit includes 3 bedrooms and 3 bathrooms
- Primary suites feature walk‑in closets and walk‑in showers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,180
$308.2K
Cap Rate 7%
$220,129
$220.1K
Cap Rate 9%
$171,211
$171.2K
Market Conditions
NOI Build-Up for 1,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.7K $15.00/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$22.0K $13.93/SF
− OpEx
−$6.6K −$4.18/SF
NOI
$15.4K $9.75/SF
Area
Knoxville, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,180
Cap Rate 7%
$220,129
Cap Rate 9%
$171,211
Alternative Uses
Best Use
Multifamily LT 5
$220.1K
$192.6K – $256.8K
NOI $15,409 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$202.6K
$177.2K – $236.3K
NOI $14,179 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$391.3K
$342.4K – $456.6K
NOI $27,393 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
398
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with matching three-bedroom, three-bath units and low-maintenance finishes near downtown.
Where is this duplex located?
The property is located at 3131 Linden Avenue Knoxville, TN.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑story Craftsman‑style duplex built in 2026; Each unit includes 3 bedrooms and 3 bathrooms; Primary suites feature walk‑in closets and walk‑in showers
