Ranch-Style Income
3706 Washington Pike Knoxville, TN 37917
For Sale
$599,900
MULTI_FAMILY - Knoxville, TN
Property Size3,500 SF
Lot Size0.96 Acres
Price / SF$171.40
Days on Market688
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
Central, Electric (Heating), Natural Gas
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
Listing Agency:
Elite Realty
(865) 947-5000
Listed By:
Andy Mason
(865) 947-5000
Added: Sep 10, 2024
Changed: Jul 28
Last Checked: Jul 29 at 11:06AM
MLS# 1276024
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 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.
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.
Key Highlights
- 1988‑built rancher with 10 bedrooms and 4 full bathrooms
- Open dining area and kitchen, plus an office and a dedicated laundry room
- Covered back porch
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
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
NOI $60,682 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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: 1988‑built rancher with 10 bedrooms and 4 full bathrooms; Open dining area and kitchen, plus an office and a dedicated laundry room; Covered back porch
