Corner Duplex with Third
4127-4129 Crippen Road Knoxville, TN 37918
4127-4129 Crippen Road, Knoxville, TN, 37918
$540,000
For Sale
$540,000
Two well-maintained residences on 2 acres, zoned for 2–4 family use, with a third utility hookup available.
Property Size2,296 SF
Lot Size2.00 Acres
Price / SF$235.19
Days on Market149
Property Features for 4127-4129 Crippen Road
General Information
- Standard status
- Active
- Size
- 2,296 SF
- Lot size
- 2.00 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Realty Executives Associates
(865) 567-5758
Listed by
Judy Brewton
Source
Compass
Added: Feb 23 Updated: Jul 21 at 12:11PM Checked: Jul 22 at 8:31AM
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 Realty Executives Associates
Investment Insights
Based on property information with market context.
This corner duplex offers two separate homes on 2 acres, plus a third utility hookup ready for connection. Home #1 is a 3-bedroom basement ranch built in 1950 with 1,176 SF and an unfinished basement. It has been well-maintained and features updated metal roof, vinyl siding, and windows, and has been freshly painted and is ready for a new tenant. Home #2 is a 2006 double-wide with 3 bedrooms and 2 baths, totaling 1,120 SF, which has also been freshened up and is ready for new tenants. HVAC and roof are approximately 2 years old, subfloors have been replaced, and kitchen appliances are included.
A third hookup is available and includes an electrical meter, water hookup, and driveway; a sewer hookup would need to be run. The property is located on the corner of Crippen Rd and Doris Cir in the heart of Halls and is zoned Commercial for 2–4 family use.
For investors or owner-operators, the current configuration provides two income-ready homes with the option to extend utilities to a third setup, subject to completing the sewer connection.
A third hookup is available and includes an electrical meter, water hookup, and driveway; a sewer hookup would need to be run. The property is located on the corner of Crippen Rd and Doris Cir in the heart of Halls and is zoned Commercial for 2–4 family use.
For investors or owner-operators, the current configuration provides two income-ready homes with the option to extend utilities to a third setup, subject to completing the sewer connection.
Key Highlights
- Two homes on 2 acres at the corner of Crippen Rd and Doris Cir in the heart of Halls
- Zoned Commercial 2‑4 family; includes Home #1 (3‑bed basement ranch, built 1950) and Home #2 (2006 double‑wide)
- Home #1 features 1,176 SF plus unfinished basement, with updated metal roof, vinyl siding, and windows
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 | $34.4k | $15.00 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $32.0k | $13.93 |
| − OpEx | −$9.6k | −$4.18 |
| NOI | $22.4k | $9.75 |
2,296 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.9K
$279.9K – $373.2K
NOI $22,392 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,807 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two well-maintained residences on 2 acres, zoned for 2–4 family use, with a third utility hookup available.
Where is this duplex located?
The property is located at 4127-4129 Crippen Road Knoxville, TN.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two homes on 2 acres at the corner of Crippen Rd and Doris Cir in the heart of Halls; Zoned Commercial 2‑4 family; includes Home #1 (3‑bed basement ranch, built 1950) and Home #2 (2006 double‑wide); Home #1 features 1,176 SF plus unfinished basement, with updated metal roof, vinyl siding, and windows
