Renovated Two-Unit
416 E Churchwell Ave #1 & 2, Knoxville, TN 37917
For Sale
$424,000
Separate meters and HVAC systems support independent operation, while interior hallways can connect the units for single-family use.
Property Size1,900 SF
Price / SF$223.16
Days on Market103
Property Features for 416 E Churchwell Ave #1 & 2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
laundry in both units
front porch
shed
mature trees
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Van Zutphen Realty
(865) 224-1140
Listed By:
Phoenix Van Zutphen
(865) 643-1744
Source:
Creekcountryrealestate
Added: Aug 4
Changed: Nov 13
Last Checked: Nov 14 at 2:26AM
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 Van Zutphen Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this remodeled duplex contains a three-bedroom unit and a separate one-bedroom apartment, each with its own kitchen, bathroom, laundry, entrance, meter, and HVAC system. The larger unit also has two mini-split systems serving its upper level. Interior hallways can remain open to create a single-family layout. Renovations include updated kitchens, appliances, flooring, bathrooms, plumbing, ductwork, windows, electrical, and vinyl siding. A large unfinished basement, backyard shed, and mature trees add to the property’s existing features.
At the rear, an off-street parking pad accommodates three cars. The property is in downtown Knoxville, with Three Rivers Market, the Old City, Lincoln Memorial University, and the University of Tennessee among the nearby destinations. An open front porch faces the street.
At the rear, an off-street parking pad accommodates three cars. The property is in downtown Knoxville, with Three Rivers Market, the Old City, Lincoln Memorial University, and the University of Tennessee among the nearby destinations. An open front porch faces the street.
Key Highlights
- Two‑unit layout with one 3‑bedroom unit and one 1‑bedroom apartment
- Separate entrances, kitchens, bathrooms, laundry, meters, and HVAC systems for each unit
- Two mini‑split systems serve the larger unit’s upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,530
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,600
$370.6K
Cap Rate 7%
$264,714
$264.7K
Cap Rate 9%
$205,889
$205.9K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$28.5K $15.00/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$26.5K $13.93/SF
− OpEx
−$7.9K −$4.18/SF
NOI
$18.5K $9.75/SF
Area
Knoxville, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,600
Cap Rate 7%
$264,714
Cap Rate 9%
$205,889
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.8K
NOI $18,530 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,051 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$470.6K
$411.8K – $549.0K
NOI $32,941 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Knoxville, TN
Properties on Market for Duplexes in Knoxville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate meters and HVAC systems support independent operation, while interior hallways can connect the units for single-family use.
Where is this duplex located?
The property is located at 416 E Churchwell Ave #1 & 2 Knoxville, TN.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: Two‑unit layout with one 3‑bedroom unit and one 1‑bedroom apartment; Separate entrances, kitchens, bathrooms, laundry, meters, and HVAC systems for each unit; Two mini‑split systems serve the larger unit’s upstairs
