Two-Bedroom Apartment Unit
5211 Pocahontas Drive Knoxville, TN 37914
5211 Pocahontas Drive, Knoxville, TN, 37914
$3,199,000
For Sale
$3,199,000
21 identical, remodeled units with in-unit washer/dryer connections, private decks, and assigned parking for consistent tenant setup.
Property Size12,600 SF
Price / SF$253.89
Days on Market93
Property Features for 5211 Pocahontas Drive
General Information
- Standard status
- Active
- Size
- 12,600 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1982
Listing agency
Sexton Real Estate Services, Inc.
Listed by
Ivann Garcia
Source
Compass
Added: Apr 21 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 6:39AM
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 Sexton Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This for-sale portfolio features 21 individual apartment units, positioned next to one another and configured with identical layouts. Each unit includes two bedrooms and one bathroom, with washer and dryer connections. Reported improvements include full interior remodels, replacement of numerous HVAC systems, installation of metal roofs, and added parking spaces. Tenants also benefit from assigned parking spaces, private decks, and the absence of shared walls with neighboring units.
The properties are located within a residential neighborhood dominated by owner-occupied single-family homes. Pocahontas Drive leads to a cul-de-sac surrounded by woods, which the seller describes as producing minimal through traffic and a quieter setting. The portfolio is approximately 10 minutes from downtown Knoxville and about 15 minutes to Sevierville, with convenient access to employment, dining, educational institutions, and public transportation.
From a leasing and operations standpoint, lease terms require tenants to pay the first month’s rent and a security deposit. Rent includes water, trash, pest control, and lawn care; tenants pay electricity and internet services. The seller notes no noise complaints and minimal maintenance issues, and also states that tenants are not eligible for assistance programs, though the units can pass inspections for available programs if the new owner chooses to accept them. Current rents average $1,410 per unit, and the owner’s screening focus has been on higher grossing incomes to support stability.
The properties are located within a residential neighborhood dominated by owner-occupied single-family homes. Pocahontas Drive leads to a cul-de-sac surrounded by woods, which the seller describes as producing minimal through traffic and a quieter setting. The portfolio is approximately 10 minutes from downtown Knoxville and about 15 minutes to Sevierville, with convenient access to employment, dining, educational institutions, and public transportation.
From a leasing and operations standpoint, lease terms require tenants to pay the first month’s rent and a security deposit. Rent includes water, trash, pest control, and lawn care; tenants pay electricity and internet services. The seller notes no noise complaints and minimal maintenance issues, and also states that tenants are not eligible for assistance programs, though the units can pass inspections for available programs if the new owner chooses to accept them. Current rents average $1,410 per unit, and the owner’s screening focus has been on higher grossing incomes to support stability.
Key Highlights
- 21 individual units in an investment portfolio, each with identical layouts (2 bed, 1 bath)
- Full interior remodels completed across the portfolio, including replacement of numerous HVAC systems
- Metal roofs installed and units feature central heating and central electric cooling
Local 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 | $222.3k | $17.64 |
| − Vacancy | −$16.7k | −$1.32 |
| EGI | $205.6k | $16.32 |
| − OpEx | −$92.5k | −$7.34 |
| NOI | $113.1k | $8.97 |
12,600 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.41M – $1.88M
NOI $113,077 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,454 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 21 identical, remodeled units with in-unit washer/dryer connections, private decks, and assigned parking for consistent tenant setup.
Where is this apartment building located?
The property is located at 5211 Pocahontas Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 21 individual units in an investment portfolio, each with identical layouts (2 bed, 1 bath); Full interior remodels completed across the portfolio, including replacement of numerous HVAC systems; Metal roofs installed and units feature central heating and central electric cooling
