Mixed-Use Multifamily
512 N Roane St Harriman, TN 37748
For Sale
$529,900
MULTI_FAMILY - Harriman, TN
Property Size4,144 SF
Lot Size0.08 Acres
Price / SF$127.87
Days on Market505
Property Features for 512 N Roane St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Rooms
Bathroom 5, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 5
Parking features
Off Street
Standard status
Active
APN
026F H 025.01
Size
4,144 SF
Lot size
0.08 Acres
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
Vinyl, Laminate, Carpet
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: Jul 12
Last Checked: Jul 29 at 4:06AM
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.
Investment Insights
Based on property information with market context.
Mixed-use property at 512 N Roane St featuring one commercial space operating as a hair salon and seven efficiency residential units. The building has a recently replaced roof, installed at the end of 2024.
Ownership also includes utility structure support: the landlord covers water expenses while tenants pay their own electric. The property is described as being in the heart of downtown Harriman, TN.
At this time, the listing presents the building as an income-producing investment opportunity with both commercial and residential components already in place.
Ownership also includes utility structure support: the landlord covers water expenses while tenants pay their own electric. The property is described as being in the heart of downtown Harriman, TN.
At this time, the listing presents the building as an income-producing investment opportunity with both commercial and residential components already in place.
Key Highlights
- Mixed‑use property with one commercial space operating as a hair salon and seven efficiency residential units
- Brand‑new roof installed at the end of 2024
- Brick and block construction with off‑street parking
Financial Insights For Apartment 5plus
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 | $73.1k | $17.64 |
| − Vacancy | −$5.5k | −$1.32 |
| EGI | $67.6k | $16.32 |
| − OpEx | −$30.4k | −$7.34 |
| NOI | $37.2k | $8.97 |
4,144 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$850.3K
$744.1K – $992.1K
NOI $59,524 @ 7.0% cap · market cap 11.23%
Second Best
Apartment 5plus
$531.3K
$464.9K – $619.8K
NOI $37,190 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.03M
$898.1K – $1.20M
NOI $71,847 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed-use building with a hair salon space and seven efficiency residential units; landlord pays water, tenants pay electric.
Where is this apartment building located?
The property is located at 512 N Roane St Harriman, TN.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Mixed‑use property with one commercial space operating as a hair salon and seven efficiency residential units; Brand‑new roof installed at the end of 2024; Brick and block construction with off‑street parking
