2-Unit Duplex with
New
For Sale
$445,000
5012 Obarr Rd, Knoxville, TN 37914
Both residences have two bedrooms, one full bathroom, and included laundry appliances.
Property Size1,872 SF
Price / SF$237.71
Days on Market2
Property Features for 5012 Obarr Rd
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$34,800
Tenant in Place
Yes
Amenities
appliances
washer/dryer
chain-link fenced yard
deck
Building Details
Year Built
1960
Buildings
1
Listed By:
Southern Charm Homes
(865) 518-4324
Source:
Southerncharm
Added: Oct 23
Last Checked: Oct 23 at 5:12PM
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 Southern Charm Homes
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Investment Insights
Based on property information with market context.
Built in 1960, this 1,872-square-foot duplex contains two separate residences, each with two bedrooms and one full bathroom. Washers, dryers, and other appliances are included in both units.
The property also has a chain-link fenced yard and a deck. It is located at 5012 Obarr Rd in Knoxville, Tennessee.
The property also has a chain-link fenced yard and a deck. It is located at 5012 Obarr Rd in Knoxville, Tennessee.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,872 square feet across the duplex
- Appliances, washers, and dryers included in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,256
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,120
$365.1K
Cap Rate 7%
$260,800
$260.8K
Cap Rate 9%
$202,844
$202.8K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$28.1K $15.00/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$26.1K $13.93/SF
− OpEx
−$7.8K −$4.18/SF
NOI
$18.3K $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%
$365,120
Cap Rate 7%
$260,800
Cap Rate 9%
$202,844
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,256 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$463.7K
$405.7K – $540.9K
NOI $32,456 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one full bathroom, and included laundry appliances.
Where is this duplex located?
The property is located at 5012 Obarr Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,872 square feet across the duplex; Appliances, washers, and dryers included in both units
