Two-Unit Duplex with Fenced
New
For Sale
$445,000
5012 Obarr Rd, Knoxville, TN 37914
Multi-Family, Knoxville, TN
Property Size1,872 SF
Price / SF$237.71
Days on Market4
Property Features for 5012 Obarr Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Directions
From I40 in Knoxville take exit 392 to US-11W N/Rutledge Pike. In .5 miles, turn left onto Spring Hill Rd and right onto McIntyre Rd. Turn left at the 1st cross street onto Leconte Rd and take a right onto OBarr Rd. The property will be on your right.
Subdivision
Knox County - 1
Standard status
Active
APN
071AA013
Size
1,872 SF
Taxes and HOA fees
Tax Annual Amount
3260
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
fenced yard
deck
washer/dryer
Building Details
Year built
1960
Number of units
2
Flooring type
Laminate, Carpet, Vinyl
Building materials
Frame
Roof type
Composition
Listing Agency:
Wingman Realty
Listed By:
William C. Prichard
(865) 224-4663
Added: Oct 21
Last Checked: Oct 24 at 6:06AM
MLS# 1359589
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 1,872-square-foot duplex contains two independent units, each configured with two bedrooms and one full bathroom. Both residences include appliances such as a dishwasher, microwave, range, refrigerator, washer, and dryer. The frame building was constructed in 1960 and has central heating and air conditioning, with laminate, carpet, and vinyl flooring.
A chain-link fence encloses the yard, and a deck provides outdoor space. The property is located in Knoxville, Tennessee.
A chain-link fence encloses the yard, and a deck provides outdoor space. The property is located in Knoxville, Tennessee.
Key Highlights
- 1,872 square feet across two residential units
- Each unit has 2 bedrooms and 1 full bathroom
- Appliances include a dishwasher, dryer, microwave, range, refrigerator, and washer
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
Multi-tenant
Tenancy
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 - Two separate residences each have two bedrooms, a full bathroom, and a washer and dryer.
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: 1,872 square feet across two residential units; Each unit has 2 bedrooms and 1 full bathroom; Appliances include a dishwasher, dryer, microwave, range, refrigerator, and washer
