Mixed-Use Property with New
For Sale
$499,900
512 N Roane St, Harriman, TN 37748
Multi-Family, Harriman, TN
Property Size4,144 SF
Lot Size0.08 Acres
Price / SF$120.63
Days on Market596
Property Features for 512 N Roane St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 5
Parking features
Off Street
Directions
Take exit 350 from I-40 24 min (27.4 mi) Merge onto I-40/I-75 S 9.6 mi Use the right 2 lanes to turn slightly right onto I-40 (signs for Nashville) 17.6 mi Take exit 350 for TN-29 toward Harriman/Midtown 0.1 mile Keep right and merge onto TN-29 N/Pine Ridge Rd 279 ft Continue on TN-29 N. Drive to S Roane St 6 min (3.4 mi) Merge onto TN-29 N/Pine Ridge Rd Continue to follow TN-29 N 2.1 mile Turn right onto S Roane St
Subdivision
Roane County - 31
Standard status
Active
APN
026F H 025.01
Size
4,144 SF
Lot size
0.08 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Annual Amount
1882
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1960
Number of units
7
Flooring type
Laminate, Carpet, Vinyl
Building materials
Brick, Block
Roof type
Rubber
Listing Agency:
Southland Brokers
(865) 694-6111
Listed By:
Raj Cheema
(865) 466-7240
Added: Mar 12, 2025
Changed: Oct 27
Last Checked: Oct 28 at 5:06AM
MLS# 1293042
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.
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.
Located at 512 N Roane St in Harriman, Tennessee, this mixed-use building contains 4,144 square feet on a 0.08-acre lot. The property includes a commercial space currently operating as a hair salon along with efficiency residential spaces. Construction is brick and block, with vinyl, carpet, and laminate flooring throughout the building. Central heating and electric heat are supported by central air conditioning, and parking is available off street.
A new rubber roof was installed at the end of 2024. The property was built in 1960, and the landlord covers water service while occupants pay their own electric expenses. The address is in Roane County and carries a 37748 postal designation.
A new rubber roof was installed at the end of 2024. The property was built in 1960, and the landlord covers water service while occupants pay their own electric expenses. The address is in Roane County and carries a 37748 postal designation.
Key Highlights
- 4,144‑square‑foot mixed‑use building on a 0.08‑acre lot
- Commercial space currently operating as a hair salon
- Efficiency residential spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,252
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,040
$905.0K
Cap Rate 7%
$646,457
$646.5K
Cap Rate 9%
$502,800
$502.8K
Market Conditions
NOI Build-Up for 4,144 SF
Gross rent
$79.6K $19.20/SF
− Vacancy
−$7.2K −$1.73/SF
EGI
$72.4K $17.47/SF
− OpEx
−$27.2K −$6.55/SF
NOI
$45.3K $10.92/SF
Area
Roane County, TN
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,040
Cap Rate 7%
$646,457
Cap Rate 9%
$502,800
Alternative Uses
Best Use
Mixed Use
$646.5K
$565.7K – $754.2K
NOI $45,252 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$531.3K
$464.9K – $619.8K
NOI $37,190 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$1.03M
$898.1K – $1.20M
NOI $71,847 @ 7.0% cap · market cap 14.37%
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
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
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?
Mixed-use property - Brick-and-block building with commercial and efficiency residential spaces, central HVAC, and off-street parking.
Where is this mixed-use property located?
The property is located at 512 N Roane St Harriman, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,144‑square‑foot mixed‑use building on a 0.08‑acre lot; Commercial space currently operating as a hair salon; Efficiency residential spaces included
