Three-Story Residential Income
4309 Washington Pike, Knoxville, TN 37917
For Sale
New
$399,000
Multi-Family, Knoxville, TN
Property Size1,552 SF
Price / SF$257.09
Days on Market2
Property Features for 4309 Washington Pike
General Information
Property type
Property subtype
Property condition
Bedrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Southern Homes & Farms, LLC
Listed By:
Josh Braden
(865) 471-0070
Added: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 1362098
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.
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Investment Insights
Based on property information with market context.
This under-construction, three-story residence contains 1,552 square feet, with three bedrooms and three full bathrooms. Interior features include a kitchen island, pantry, and walk-in closet. A porch and two-car garage are also included. Vinyl siding and vinyl windows are specified, along with tile flooring, central air, and electric heat-pump heating.
The property is at 4309 Washington Pike in Knoxville. Downtown Knoxville, the University of Tennessee, Fountain City, Zoo Knoxville, shopping, dining, and major interstates are described as minutes away.
The property is at 4309 Washington Pike in Knoxville. Downtown Knoxville, the University of Tennessee, Fountain City, Zoo Knoxville, shopping, dining, and major interstates are described as minutes away.
Key Highlights
- 1,552 square feet across three stories
- Three bedrooms and three full bathrooms
- Two‑car garage and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,928
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,560
$278.6K
Cap Rate 7%
$198,971
$199.0K
Cap Rate 9%
$154,756
$154.8K
Market Conditions
NOI Build-Up for 1,552 SF
Gross rent
$27.4K $17.64/SF
− Vacancy
−$2.1K −$1.32/SF
EGI
$25.3K $16.32/SF
− OpEx
−$11.4K −$7.34/SF
NOI
$13.9K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,560
Cap Rate 7%
$198,971
Cap Rate 9%
$154,756
Alternative Uses
Best Use
Apartment 5plus
$199.0K
$174.1K – $232.1K
NOI $13,928 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.4K
$336.4K – $448.5K
NOI $26,908 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
91
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
$189,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Knoxville, TN
Properties on Market for Residential income properties in Knoxville
Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence offers three bedrooms, three full bathrooms, and a two-car garage.
Where is this residential income property located?
The property is located at 4309 Washington Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,552 square feet across three stories; Three bedrooms and three full bathrooms; Two‑car garage and porch
