Duplex with Garage
For Sale
$259,900
4806 Central Avenue Pike, Knoxville, TN 37912
Multi-Family, Knoxville, TN
Property Size1,386 SF
Lot Size0.41 Acres
Price / SF$187.52
Days on Market50
Property Features for 4806 Central Avenue Pike
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Garage
Patio and Porch features
Porch
Appliances
Range, Refrigerator
Subdivision
James Warters Pts 11 12
Elementary school
Inskip
Middle school
Gresham
High school
Central
Directions
I-75 Northbound, Exit onto Merchants Road (R) Merchants Rd at Exit Drive One Block at to Red Light (R) Central Avenue Pike, Drive Approx. One Half Mile To Duplex Property On The Left.
Standard status
Active
APN
068LF054
Size
1,386 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
2699
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Number of units
2
Flooring type
Tile, Laminate
Building materials
Vinyl Siding, Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty
(865) 694-5904
Listed By:
Jonathan D Harper
(865) 347-4454
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 6 at 9:06AM
MLS# 1356032
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 1,386-square-foot duplex contains two units, each arranged with two bedrooms and one bathroom. Garage areas provide storage, and the property includes off-street parking and a porch. Construction is frame with vinyl siding; interior finishes include tile and laminate flooring. The building has central air and electric forced-air heat, and was built in 1940. Range and refrigerator appliances are included.
The property occupies a 0.41-acre lot near a freeway and downtown Knoxville. The two-unit setup allows for separate occupancy of each side.
The property occupies a 0.41-acre lot near a freeway and downtown Knoxville. The two-unit setup allows for separate occupancy of each side.
Key Highlights
- Two‑unit duplex with 1,386 square feet of building area
- Each side has 2 bedrooms and 1 bathroom
- 0.41‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,517
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,340
$270.3K
Cap Rate 7%
$193,100
$193.1K
Cap Rate 9%
$150,189
$150.2K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$20.8K $15.00/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.3K $13.93/SF
− OpEx
−$5.8K −$4.18/SF
NOI
$13.5K $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 Rate 5%
$270,340
Cap Rate 7%
$193,100
Cap Rate 9%
$150,189
Alternative Uses
Best Use
Multifamily LT 5
$193.1K
$169.0K – $225.3K
NOI $13,517 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$177.7K
$155.5K – $207.3K
NOI $12,438 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$343.3K
$300.4K – $400.5K
NOI $24,030 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both sides offer two bedrooms and one bathroom, with the option to occupy one unit and lease the other.
Where is this duplex located?
The property is located at 4806 Central Avenue Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,386 square feet of building area; Each side has 2 bedrooms and 1 bathroom; 0.41‑acre lot
