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    Ranch-Style Income Property Title is generated by Realmo AI

    3706 Washington Pike, Knoxville, TN 37917

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    Claim this Listing
    For Sale
    $599,900

    MULTI_FAMILY - Knoxville, TN

    Property size:
    3,500 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $171/SF
    Added:
    Sep 10, 2024
    Days on Market:
    642
    Last Refresh:
    Jun 13 at 4:06 am

    Property Features for 3706 Washington Pike

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Patio and Porch features
    Porch
    Appliances
    Dishwasher, Range, Refrigerator
    Standard status
    Active
    APN
    070GE023
    Size
    3,500 SF
    Lot size
    0.96 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas, Central
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Number of units
    10
    Flooring type
    Laminate
    Building materials
    Vinyl Siding, Block, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Andy Mason

    Listing agent Andy Mason

    Listing office Elite Realty 110 Legacy View Way Unit A3, Knoxville, TN

    Listing date Sep 10, 2024

    MLS# 1276024 Listing URL

    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.

    HighLights

    • Rancher built in 1988 with 10 bedrooms and 4 full bathrooms
    • Includes kitchen, dining area, office, and dedicated laundry room
    • Covered back porch
    • Heating: central with electric and natural gas options
    • Cooling: central air
    • Metal roof; vinyl siding with block and frame construction; laminate flooring

    Overview

    This ranch-style income property features 10 bedrooms and 4 full bathrooms, along with a dining area, kitchen, office, and a dedicated laundry room. The home also includes a covered back porch, providing an additional outdoor space for day-to-day use.

    Located at 3706 Washington Pike in Knoxville, Tennessee, the property sits on a lot sized at 0.96 acres within Knox County.

    With a multi-bedroom layout that includes common living areas plus an office and laundry room, the configuration may appeal to buyers looking for a residence-style setup within an income property format. For more detail on terms, occupancy, or how the space is currently arranged, please contact the listing agent.

    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 $61.7k $17.64
    − Vacancy −$4.6k −$1.32
    EGI $57.1k $16.32
    − OpEx −$25.7k −$7.34
    NOI $31.4k $8.97
    3,500 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $448.7K
    $392.6K – $523.5K (±1% cap)
    NOI $31,410 @ 7.0% cap · market cap 5.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $866.9K
    $758.5K – $1.01M (±1% cap)
    NOI $60,682 @ 7.0% cap · market cap 10.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Beta Development Co Nursing Home

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.897916
    Latitude
    36.01173

    FAQs

    What type of property is this?
    Apartment building - Ranch-style residence with 10 bedrooms and a covered back porch in Knoxville for buyers seeking flexible living space.
    Where is this apartment building located?
    The property is located at 3706 Washington Pike Knoxville, TN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Rancher built in 1988 with 10 bedrooms and 4 full bathrooms; Includes kitchen, dining area, office, and dedicated laundry room; Covered back porch
    More about this property
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