Craftsman-Style
New
For Sale
$569,900
3215 Johnston St, Knoxville, TN 37921
MULTI_FAMILY - Knoxville, TN
Property Size2,900 SF
Price / SF$196.52
Days on Market1
Property Features for 3215 Johnston St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 5
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Pantry
Exterior features
Windows - Vinyl, Prof Landscaped
Appliances
Dishwasher, Range, Self Cleaning Oven
Subdivision
Ambrose & Galbraith
Directions
Take I-40 W then merge onto I-640 West. Continue on I-640 West for approximately 8 miles. Take Exit 1 for Western Avenue (US-62) toward downtown Knoxville. Turn left onto Western Avenue (US-62 East). Continue on Western Avenue for about 1.5 miles. Turn left onto Johnston Street.
Standard status
Active
APN
081IE009
Size
2,900 SF
Taxes and HOA fees
Tax Annual Amount
44
Utilities
Heating system
Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2026
Number of units
2
Flooring type
Tile
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
Southern Homes & Farms, LLC
(865) 471-0070
Listed By:
Josh Braden
(865) 471-0070
Added: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 1350097
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.
This newly constructed Craftsman-style duplex is currently under construction with an expected year built of 2026. The property includes two residential units, with each unit designed with three bedrooms and two and a half bathrooms. Interiors are laid out for everyday living, highlighted by an open-concept flow, a kitchen with ample cabinet space, and practical storage features including a pantry. The main level includes a private primary bedroom suite with an en-suite bath and spacious closet, plus a convenient half bath. Upstairs, two additional bedrooms and a full bathroom complete the layout.
Heating is provided by a heat pump and forced air, with electric heating noted as well. Cooling includes central air and ceiling fans. The home’s exterior features include vinyl siding, vinyl windows, and professionally landscaped grounds. Flooring is tile, and the unit includes appliances such as a dishwasher, range, and self-cleaning oven. A porch and off-street parking support convenient day-to-day access at 3215 Johnston St in Knoxville, TN 37921.
Heating is provided by a heat pump and forced air, with electric heating noted as well. Cooling includes central air and ceiling fans. The home’s exterior features include vinyl siding, vinyl windows, and professionally landscaped grounds. Flooring is tile, and the unit includes appliances such as a dishwasher, range, and self-cleaning oven. A porch and off-street parking support convenient day-to-day access at 3215 Johnston St in Knoxville, TN 37921.
Key Highlights
- Under construction; year built 2026
- Craftsman‑style duplex with two residential units
- Each unit offers three bedrooms and two and a half bathrooms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.5k | $15.00 |
| − Vacancy | −$3.1k | −$1.07 |
| EGI | $40.4k | $13.93 |
| − OpEx | −$12.1k | −$4.18 |
| NOI | $28.3k | $9.75 |
2,900 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
247
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
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 - Under-construction duplex with vinyl siding, heat pump/forced-air heat, central air, and off-street parking.
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: Under construction; year built 2026; Craftsman‑style duplex with two residential units; Each unit offers three bedrooms and two and a half bathrooms
