Duplex with Two 2-Bedroom
For Sale
$249,900
4239 Lilac Ave, Knoxville, TN 37914
Nearly completed duplex designed for two 2-bedroom rental units, ready for finish work and occupancy.
Days on Market11
Property Features for 4239 Lilac Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
1,190 SF
Year Built
2026
Listing Agency:
Realty Executives-Nikitia Thompson Realty
(865) 382-3540
Listed By:
Nikitia Thompson
(865) 382-3540
Source:
Firstrealty
Added: Jul 22
Changed: Jul 30
Last Checked: Aug 1 at 12:34PM
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-Nikitia Thompson Realty
Investment Insights
Based on property information with market context.
Nearly completed duplex at 4239 Lilac Ave, built in 2026. The property is laid out as two separate 2-bedroom units, providing a straightforward rental configuration for an owner-operator or investor looking for residential income.
This is an investor-oriented opportunity where plans are in place and much of the groundwork and planning has already been completed, with the remaining work focused on finishing to your specifications. Once completed, the duplex can be used to generate rental income through two 2-bedroom units.
For buyers who want to be involved in the final finishes, this property offers a clear path to completing a duplex and moving it into a rent-ready state.
This is an investor-oriented opportunity where plans are in place and much of the groundwork and planning has already been completed, with the remaining work focused on finishing to your specifications. Once completed, the duplex can be used to generate rental income through two 2-bedroom units.
For buyers who want to be involved in the final finishes, this property offers a clear path to completing a duplex and moving it into a rent-ready state.
Key Highlights
- Nearly completed duplex at 4239 Lilac Ave
- Two 2‑bedroom units
- Plans and much of the groundwork already completed
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 | $17.9k | $15.00 |
| − Vacancy | −$1.3k | −$1.07 |
| EGI | $16.6k | $13.93 |
| − OpEx | −$5.0k | −$4.18 |
| NOI | $11.6k | $9.75 |
1,190 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$165.8K
$145.1K – $193.4K
NOI $11,605 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$152.6K
$133.5K – $178.0K
NOI $10,679 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$294.7K
$257.9K – $343.9K
NOI $20,632 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
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?
Duplex - Nearly completed duplex designed for two 2-bedroom rental units, ready for finish work and occupancy.
Where is this duplex located?
The property is located at 4239 Lilac Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Nearly completed duplex at 4239 Lilac Ave; Two 2‑bedroom units; Plans and much of the groundwork already completed
