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    Well-Maintained Duplex with Rental Income Title is generated by Realmo AI

    401 Clifton Rd, Knoxville, TN 37921

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    For Sale
    $295,000

    MULTI_FAMILY - Knoxville, TN

    Property size:
    1,960 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $150/SF
    Added:
    Jan 22, 2026
    Days on Market:
    156
    Last Refresh:
    Jun 27 at 2:06 pm

    Property Features for 401 Clifton Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3
    Parking features
    Carport, Garage
    Window features
    Aluminum Frames
    Appliances
    Range, Self Cleaning Oven
    Standard status
    Active
    APN
    093EJ002
    Size
    1,960 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1187

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1950
    Number of units
    2
    Building materials
    Fiber Cement, Block
    Roof type
    Shingle

    We can help!

    Contact an agent
    Alan Cottrell
    Alan Cottrell

    Listing agent Alan Cottrell

    Listing office Keller Williams 219 Corporate Place, Alcoa, TN

    Listing date Jan 22, 2026

    MLS# 1327311 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

    • Duplex with a 2‑bedroom unit and a 1‑bedroom unit, each with separate living space
    • Well‑maintained duplex with long‑term, month‑to‑month tenants
    • Recent interior updates include updated flooring
    • Exterior improvements include gutter work for improved drainage and durability
    • Low‑maintenance fiber cement siding and fully chain‑link fenced yard
    • Detached one‑car garage plus shared carport for covered parking

    Overview

    This well-maintained duplex features long-term, month-to-month tenants. The property includes two separate units: a spacious 2-bedroom unit and a 1-bedroom unit, offering flexible rental potential. Interior improvements include updated flooring. Exterior repairs have been completed, including gutter work for improved drainage and durability. The exterior features low-maintenance cement fiber siding and a fully chain-link fenced yard. A detached one-car garage offers storage space, and a shared carport provides covered parking for both units. Located in Knoxville, TN, the property is situated on a 0.29-acre lot. The building has a total area of 1960 square feet. This duplex presents a great opportunity with solid upkeep, functional layout, and ongoing rental income.

    Local 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 $29.4k $15.00
    − Vacancy −$2.1k −$1.07
    EGI $27.3k $13.93
    − OpEx −$8.2k −$4.18
    NOI $19.1k $9.75
    1,960 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $273.1K
    $238.9K – $318.6K (±1% cap)
    NOI $19,115 @ 7.0% cap · market cap 6.48%
    Second Best
    Apartment 5plus
    $251.3K
    $219.9K – $293.2K (±1% cap)
    NOI $17,590 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Office A
    $485.5K
    $424.8K – $566.4K (±1% cap)
    NOI $33,982 @ 7.0% cap · market cap 11.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -83.973817
    Latitude
    35.97107

    FAQs

    What type of property is this?
    Duplex - Duplex with long-term tenants, updates, and rental income.
    Where is this duplex located?
    The property is located at 401 Clifton Rd Knoxville, TN.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Duplex with a 2‑bedroom unit and a 1‑bedroom unit, each with separate living space; Well‑maintained duplex with long‑term, month‑to‑month tenants; Recent interior updates include updated flooring
    More about this property
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