Two-Home Multifamily
For Sale
$500,000
4127/4129 Crippen Rd, Knoxville, TN 37918
Commercial 2-4 family zoning, two existing homes, and a third hookup with electrical and water connections.
Lot Size2.00 Acres
Days on Market149
Property Features for 4127/4129 Crippen Rd
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Multi Family Home
Zoning
Commercial 2-4 family
Units
Unit Mix
1 x 3BR, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Building Size
2,296 SF
Year Built
1950
Buildings
2
Listing Agency:
Realty Executives Associates
(865) 688-3232
Listed By:
Tammie Hill
Source:
Rockytophomeinfo
Added: Mar 5
Changed: Jul 31
Last Checked: Jul 31 at 4:55PM
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 multifamily property includes two homes on 2 acres at 4127/4129 Crippen Rd. Home #1 is a 3-bedroom basement ranch built in 1950 with 1,176 SF plus an unfinished basement. It has a metal roof, vinyl siding, updated windows, and fresh interior paint. Home #2 is a 2006 double-wide with 3 bedrooms, 2 baths, and 1,120 SF. The home has HVAC and a roof approximately 2 years old, replaced subfloors, freshened interiors, and kitchen appliances.
A third hookup is available with an electrical meter, water hookup, and driveway; a sewer hookup would need to be added. The property is located on the corner of Crippen Rd and Doris Cir in Halls and is zoned Commercial 2-4 family. Both homes are described as ready for new tenants.
A third hookup is available with an electrical meter, water hookup, and driveway; a sewer hookup would need to be added. The property is located on the corner of Crippen Rd and Doris Cir in Halls and is zoned Commercial 2-4 family. Both homes are described as ready for new tenants.
Key Highlights
- Two homes on 2 acres with a third hookup available
- 3‑bedroom basement ranch built in 1950 with 1,176 SF plus unfinished basement
- 2006 double‑wide with 3 bedrooms, 2 baths, and 1,120 SF
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 | $40.5k | $17.64 |
| − Vacancy | −$3.0k | −$1.32 |
| EGI | $37.5k | $16.32 |
| − OpEx | −$16.9k | −$7.34 |
| NOI | $20.6k | $8.97 |
2,296 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.7K
$497.6K – $663.5K
NOI $39,807 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Commercial 2-4 family zoning, two existing homes, and a third hookup with electrical and water connections.
Where is this multifamily property located?
The property is located at 4127/4129 Crippen Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two homes on 2 acres with a third hookup available; 3‑bedroom basement ranch built in 1950 with 1,176 SF plus unfinished basement; 2006 double‑wide with 3 bedrooms, 2 baths, and 1,120 SF
