3-Unit Multifamily
For Sale
$490,000
476 E 482 & 490 Red Bud Rd, Knoxville, TN 37920
Multi-Family, Knoxville, TN
Property Size2,349 SF
Price / SF$208.60
Days on Market10
Property Features for 476 E 482 & 490 Red Bud Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Exterior features
Balcony
Appliances
Dishwasher, Range, Refrigerator, Self Cleaning Oven
Subdivision
Redbud Condos Unit B6 5.8823% Com Elem
Elementary school
Dogwood
Middle school
South Doyle
High school
South Doyle
Directions
Sevierville Pike to E Red Bud Rd
Standard status
Active
APN
109MC00201F
Size
2,349 SF
Taxes and HOA fees
Tax Annual Amount
4439
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1972
Number of units
3
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Signature · Keller Williams Realty
(865) 588-9300
Listed By:
Julie Carter
(865) 209-9998
Added: Sep 29
Changed: Oct 7
Last Checked: Oct 8 at 1:06AM
MLS# 1357074
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.
Investment Insights
Based on property information with market context.
This Knoxville multifamily offering combines three rental residences, each configured with two bedrooms and one bathroom. The buildings total 2,349 square feet and date to 1972, with brick construction and balconies. Interior features include vinyl and carpet flooring, central heating and air conditioning, and kitchens equipped with a dishwasher, range, refrigerator, and self-cleaning oven.
The properties are located in the 37920 ZIP code, with access to Downtown Knoxville and the University of Tennessee. The offering is being sold as a single package, and the units have existing tenants. Current operating figures indicate a 4.72% cap rate; buyers should verify financials and property details during due diligence.
The properties are located in the 37920 ZIP code, with access to Downtown Knoxville and the University of Tennessee. The offering is being sold as a single package, and the units have existing tenants. Current operating figures indicate a 4.72% cap rate; buyers should verify financials and property details during due diligence.
Key Highlights
- Three rental residences included in one offering
- Each residence has 2 bedrooms and 1 bathroom
- 2,349 square feet combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,081
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,620
$421.6K
Cap Rate 7%
$301,157
$301.2K
Cap Rate 9%
$234,233
$234.2K
Market Conditions
NOI Build-Up for 2,349 SF
Gross rent
$41.4K $17.64/SF
− Vacancy
−$3.1K −$1.32/SF
EGI
$38.3K $16.32/SF
− OpEx
−$17.2K −$7.34/SF
NOI
$21.1K $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%
$421,620
Cap Rate 7%
$301,157
Cap Rate 9%
$234,233
Alternative Uses
Best Use
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,081 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.8K
$509.1K – $678.8K
NOI $40,726 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 37920, TN
41,210
Population
20,180
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
72.3 sq mi
ZIP Area
570
Density / Sq Mi
$61,348
Median Household Income
$35,591
Median Earnings
$1,092
Median Rent
$231,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three two-bedroom, one-bath residences are offered together with existing tenants.
Where is this multifamily property located?
The property is located at 476 E 482 & 490 Red Bud Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three rental residences included in one offering; Each residence has 2 bedrooms and 1 bathroom; 2,349 square feet combined
