All-Brick Duplex with
For Sale
$749,000
4352 McCloud Road, Knoxville, TN 37938
Two three-bedroom units offer private garages, spacious living areas, full kitchens, and large yard space.
Property Size4,420 SF
Price / SF$169.46
Days on Market177
Property Features for 4352 McCloud Road
General Information
Standard status
Active
Size
4,420 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,614
Amenities
large yard
True
Yes
Laminate, Carpet, Brick
Dishwasher, Disposal, Refrigerator
Brick, Other
Building Details
Year Built
1970
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
Elite Realty
Listed By:
Ben Strange
(865) 556-5165
Source:
Compass
Added: Mar 12
Changed: Aug 31
Last Checked: Aug 30 at 12:07PM
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 Elite Realty
Investment Insights
Based on property information with market context.
This all-brick duplex contains two residential units, each with approximately 2,000 square feet of living space, three bedrooms, and two bathrooms. Both layouts include a living room, dining room, family room, and large kitchen, along with a single-car garage. Laminate and carpet flooring, a dishwasher, disposal, and refrigerator are also noted. The property was built in 1970 and includes a large yard.
One unit is vacant, while the other has been occupied by the same tenant for 20 years. The duplex is located in Halls Crossroads, less than one mile from Halls Elementary, Halls Middle, and Halls High School, with shopping nearby. The property address is 4352 McCloud Road, Knoxville, TN 37938.
One unit is vacant, while the other has been occupied by the same tenant for 20 years. The duplex is located in Halls Crossroads, less than one mile from Halls Elementary, Halls Middle, and Halls High School, with shopping nearby. The property address is 4352 McCloud Road, Knoxville, TN 37938.
Key Highlights
- All‑brick duplex with two residential units
- Each unit offers approximately 2,000 square feet, 3 bedrooms, and 2 bathrooms
- Single‑car garage serving each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,120
$862.1K
Cap Rate 7%
$615,800
$615.8K
Cap Rate 9%
$478,956
$479.0K
Market Conditions
NOI Build-Up for 4,420 SF
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.
Gross rent
$66.3K $15.00/SF
− Vacancy
−$4.7K −$1.07/SF
EGI
$61.6K $13.93/SF
− OpEx
−$18.5K −$4.18/SF
NOI
$43.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,120
Cap Rate 7%
$615,800
Cap Rate 9%
$478,956
Alternative Uses
Best Use
Multifamily LT 5
$615.8K
$538.8K – $718.4K
NOI $43,106 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$566.7K
$495.8K – $661.1K
NOI $39,667 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.09M
$957.9K – $1.28M
NOI $76,632 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 37938, TN
18,207
Population
7,208
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
32.4 sq mi
ZIP Area
562
Density / Sq Mi
$80,868
Median Household Income
$46,806
Median Earnings
$1,091
Median Rent
$287,400
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 - Two three-bedroom units offer private garages, spacious living areas, full kitchens, and large yard space.
Where is this duplex located?
The property is located at 4352 McCloud Road Knoxville, TN.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: All‑brick duplex with two residential units; Each unit offers approximately 2,000 square feet, 3 bedrooms, and 2 bathrooms; Single‑car garage serving each unit
