New Construction
For Sale
$569,900
Pending
3215 Johnston St, Knoxville, TN 37921
Two three-bedroom residences feature flexible layouts with private primary suites and open-concept main living areas.
Property Size2,900 SF
Days on Market76
Property Features for 3215 Johnston St
General Information
Standard status
Pending
Size
2,900 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Construction
Craftsman-style
Listed By:
TNLiving.homes
(865) 250-4094
Source:
Tnliving
Added: Aug 1
Changed: Oct 15
Last Checked: Oct 14 at 10:44PM
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 TNLiving.homes
Investment Insights
Based on property information with market context.
This 2026-built duplex contains 2,900 square feet across two residences. Each unit includes 3 bedrooms and 2.5 bathrooms, with a Craftsman-style exterior and an open main-level layout connecting the living area and kitchen. The primary bedroom suite is located on the main floor, while two additional bedrooms and a full bathroom are positioned upstairs. Each residence also has a main-level half bathroom, private primary bath, and spacious closet.
The property is at 3215 Johnston St in Knoxville, approximately 10 minutes from downtown Knoxville. Shopping, dining, entertainment, major employers, and the University of Tennessee are identified as nearby destinations. The configuration supports separate residential occupancy within a single duplex property.
The property is at 3215 Johnston St in Knoxville, approximately 10 minutes from downtown Knoxville. Shopping, dining, entertainment, major employers, and the University of Tennessee are identified as nearby destinations. The configuration supports separate residential occupancy within a single duplex property.
Key Highlights
- Duplex with 2,900 square feet of total property size
- Each unit offers 3 bedrooms and 2.5 bathrooms
- 2026 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,282
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,640
$565.6K
Cap Rate 7%
$404,029
$404.0K
Cap Rate 9%
$314,244
$314.2K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$43.5K $15.00/SF
− Vacancy
−$3.1K −$1.07/SF
EGI
$40.4K $13.93/SF
− OpEx
−$12.1K −$4.18/SF
NOI
$28.3K $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 Rate 5%
$565,640
Cap Rate 7%
$404,029
Cap Rate 9%
$314,244
Alternative Uses
Best Use
Multifamily LT 5
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$371.8K
$325.3K – $433.8K
NOI $26,026 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$718.3K
$628.5K – $838.0K
NOI $50,279 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 37921, TN
28,903
Population
12,969
Households
2.2
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
15.9 sq mi
ZIP Area
1,818
Density / Sq Mi
$57,813
Median Household Income
$37,518
Median Earnings
$1,147
Median Rent
$204,300
Median Home Value
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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 - Two three-bedroom residences feature flexible layouts with private primary suites and open-concept main living areas.
Where is this duplex located?
The property is located at 3215 Johnston St Knoxville, TN.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Duplex with 2,900 square feet of total property size; Each unit offers 3 bedrooms and 2.5 bathrooms; 2026 construction year
