Duplex With Updated
For Sale
Contact for pricing
5121 Montrose Rd, Knoxville, TN 37918
Two separately metered residences feature laundry rooms, refreshed flooring, and newer heat pumps.
Property Size3,640 SF
Price / SF$135.99
Days on Market55
Property Features for 5121 Montrose Rd
General Information
Standard status
Active
Size
3,640 SF
Class
C
Property subtype
Multifamily
Zoning
RN-2
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$56,400
Financials
Gross Income
$56,400
Average Monthly Rent
$2,350
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Wallace Commercial
Listed By:
Chris Bruce · License #TN
(865) 690-1111
Source:
Crexi
Added: Aug 27
Changed: Oct 16
Last Checked: Oct 19 at 3:34AM
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 Wallace Commercial
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Investment Insights
Based on property information with market context.
This duplex contains 3,640 square feet and is arranged as two residences, each offering four bedrooms, two bathrooms, and a dedicated laundry room. Both units have new heat pumps, updated interior electrical service panels, and new luxury vinyl plank flooring on the upper levels. Electricity and water are individually metered for each residence.
The property is located in North Knoxville, one mile west of Broadway and near Fountain City. It carries RN-2 zoning and is situated at 5121 Montrose Rd in Knoxville, Tennessee. Showings are available by appointment, with access coordinated around the occupants.
The property is located in North Knoxville, one mile west of Broadway and near Fountain City. It carries RN-2 zoning and is situated at 5121 Montrose Rd in Knoxville, Tennessee. Showings are available by appointment, with access coordinated around the occupants.
Key Highlights
- Two‑unit duplex with 3,640 SF total building area
- Each unit includes 4 bedrooms and 2 bathrooms
- Separate electric and water meters serve each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,499
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,980
$710.0K
Cap Rate 7%
$507,129
$507.1K
Cap Rate 9%
$394,433
$394.4K
Market Conditions
NOI Build-Up for 3,640 SF
Gross rent
$54.6K $15.00/SF
− Vacancy
−$3.9K −$1.07/SF
EGI
$50.7K $13.93/SF
− OpEx
−$15.2K −$4.18/SF
NOI
$35.5K $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%
$709,980
Cap Rate 7%
$507,129
Cap Rate 9%
$394,433
Alternative Uses
Best Use
Multifamily LT 5
$507.1K
$443.7K – $591.7K
NOI $35,499 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$466.7K
$408.3K – $544.5K
NOI $32,667 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$901.6K
$788.9K – $1.05M
NOI $63,109 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences feature laundry rooms, refreshed flooring, and newer heat pumps.
Where is this duplex located?
The property is located at 5121 Montrose Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,640 SF total building area; Each unit includes 4 bedrooms and 2 bathrooms; Separate electric and water meters serve each residence
