Brick
For Sale
$635,000
4808 Cannon Ridge Drive, Knoxville, TN 37918
Four residential units offer a two-bedroom, one-bathroom layout, with one unit currently vacant.
Property Size3,600 SF
Price / SF$176.39
Days on Market49
Property Features for 4808 Cannon Ridge Drive
General Information
Standard status
Active
Size
3,600 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 2 bed / 1 bath
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Building Size
3,600 SF
Year Built
1980
Construction
brick
Listing Agency:
PWA Properties
Listed By:
Kevin G. Tipton · License #275491
(847) 321-5026
Source:
Knoxvillefinehomes
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 3:24PM
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 PWA Properties
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 brick quadplex contains four apartments, each configured with two bedrooms and one bathroom. The building totals 3,600 square feet, was constructed in 1980, and has one vacant unit.
The property is in Knoxville, less than 3 miles from I-640. Downtown Knoxville and the University of Tennessee are each about 15 minutes away, with retailers and restaurants also accessible nearby.
The property is in Knoxville, less than 3 miles from I-640. Downtown Knoxville and the University of Tennessee are each about 15 minutes away, with retailers and restaurants also accessible nearby.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,600‑square‑foot brick building constructed in 1980
- One of the four units is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,109
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,180
$702.2K
Cap Rate 7%
$501,557
$501.6K
Cap Rate 9%
$390,100
$390.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$54.0K $15.00/SF
− Vacancy
−$3.8K −$1.07/SF
EGI
$50.2K $13.93/SF
− OpEx
−$15.0K −$4.18/SF
NOI
$35.1K $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 Rate 5%
$702,180
Cap Rate 7%
$501,557
Cap Rate 9%
$390,100
Alternative Uses
Best Use
Multifamily LT 5
$501.6K
$438.9K – $585.2K
NOI $35,109 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$461.5K
$403.9K – $538.5K
NOI $32,308 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 9.83%
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
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a two-bedroom, one-bathroom layout, with one unit currently vacant.
Where is this quadplex located?
The property is located at 4808 Cannon Ridge Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,600‑square‑foot brick building constructed in 1980; One of the four units is currently vacant
