Renovated 5-Unit Apartment
324 Hopson Street Sevierville, TN 37876
324 Hopson Street, Sevierville, TN, 37876
Contact for pricing
For Sale
Contact for pricing
Renovated 5-unit apartment building offered for sale with 100% occupancy.
Property Size5,107 SF
Price / SF$136.09
Days on Market34
Property Features for 324 Hopson Street
General Information
- Standard status
- Active
- Size
- 5,107 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1992
Listing agency
PWA Properties
(865) 936-9999
Listed by
Kevin Tipton · License #275491
Source
Crexi
Added: Jun 19 Updated: Jul 21 at 10:26PM Checked: Jul 21 at 10:26PM
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
Investment Insights
Based on property information with market context.
324 Hopson Street is a recently renovated apartment building with 5 units and 100% occupancy. The property is being offered for sale as a residential income asset.
The building is located in Sevierville, TN, with easy access to local employers and retailers. It is also situated along a heavily visited tourism corridor in the Southeast.
The offering consists of five rental units within a single apartment building.
The building is located in Sevierville, TN, with easy access to local employers and retailers. It is also situated along a heavily visited tourism corridor in the Southeast.
The offering consists of five rental units within a single apartment building.
Key Highlights
- Renovated 5‑unit apartment building built in 1992
- 100% occupied with all units currently leased
- 5‑unit multifamily property in Sevierville, TN
Local Financial Insights For Apartment 5plus
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 | $76.6k | $15.00 |
| − Vacancy | −$7.7k | −$1.50 |
| EGI | $68.9k | $13.50 |
| − OpEx | −$31.0k | −$6.08 |
| NOI | $37.9k | $7.43 |
5,107 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$541.7K
$474.0K – $632.0K
NOI $37,919 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,759 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Volunteer Aspahlt Sealing
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Renovated 5-unit apartment building offered for sale with 100% occupancy.
Where is this apartment building located?
The property is located at 324 Hopson Street Sevierville, TN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Renovated 5‑unit apartment building built in 1992; 100% occupied with all units currently leased; 5‑unit multifamily property in Sevierville, TN
