Four-Unit Multifamily
510 LAMONT ST Johnson City, TN 37604
510 LAMONT ST, Johnson City, TN, 37604
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For Sale
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Four-unit multifamily building offered for sale with a total size of 2,688 square feet.
Property Size2,688 SF
Price / SF$148.81
Days on Market85
Property Features for 510 LAMONT ST
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1923
Listing agency
Lefemine Commercial Properties
(423) 913-3070
Listed by
David Lefemine · License #TN 214589
Source
Crexi
Added: Apr 30 Updated: Jul 22 at 6:45PM Checked: Jul 22 at 6:45PM
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 Lefemine Commercial Properties
Investment Insights
Based on property information with market context.
This four-unit multifamily property is offered for sale and features four separate units within a single building. The total building size is 2,688 square feet.
The property is located at 510 Lamont St in Johnson City, Tennessee.
The offering is structured as a residential income asset with four units.
The property is located at 510 Lamont St in Johnson City, Tennessee.
The offering is structured as a residential income asset with four units.
Key Highlights
- Four‑unit multifamily building
- Total building size: 2,688 SF
- Built in 1923
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $9.72 |
| − Vacancy | −$1.7k | −$0.64 |
| EGI | $24.4k | $9.08 |
| − OpEx | −$7.3k | −$2.73 |
| NOI | $17.1k | $6.36 |
2,688 SF · lease $9.72/SF/yr · vacancy 6.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.2K
$213.6K – $284.9K
NOI $17,091 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$217.1K
$189.9K – $253.3K
NOI $15,195 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.13M
$991.9K – $1.32M
NOI $79,350 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily building offered for sale with a total size of 2,688 square feet.
Where is this quadplex located?
The property is located at 510 LAMONT ST Johnson City, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four‑unit multifamily building; Total building size: 2,688 SF; Built in 1923
