Three-Unit Multifamily
476 E 482 & 490 Red Bud Rd, Knoxville, TN 37920
For Sale
$475,000
Multi-Family, Knoxville, TN
Property Size2,349 SF
Price / SF$202.21
Days on Market44
Property Features for 476 E 482 & 490 Red Bud Rd
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Exterior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
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:
Keller Williams Signature · Keller Williams Realty
(865) 588-9300
Listed By:
Julie Carter
(865) 209-9998
Added: Sep 29
Changed: Oct 29
Last Checked: Nov 11 at 1:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises three rental units with a combined 2,349 square feet. Built in 1972, the building has brick construction and balconies. Interior features include carpet and vinyl flooring, central electric heat, and central air conditioning.
Key Highlights
- Three rental units, all currently leased
- 2,349 square feet of building area
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,081
Cap Rate
4.44%
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 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.8K
$509.1K – $678.8K
NOI $40,726 @ 7.0% cap · market cap 8.57%
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
3
Residential units
100%
Occupancy
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
$231,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Knoxville, TN
Properties on Market for Multifamily properties in Knoxville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - All three rental units are currently leased.
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 $475,000.
What are key features of this property?
This property features: Three rental units, all currently leased; 2,349 square feet of building area; Built in 1972
