21-Unit Multifamily
For Sale
$2,695,000
5211 Pocahontas Drive, Knoxville, TN 37914
Each residence has a two-bedroom layout, a private deck, and in-unit laundry connections.
Property Size12,600 SF
Price / SF$213.89
Days on Market150
Property Features for 5211 Pocahontas Drive
General Information
Standard status
Active
Size
12,600 SF
Property subtype
Multi Family Home
Units
Unit Mix
21 x 2BR/1BA
Multifamily Units
21
Additional Details
Average Monthly Rent
$1,410
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,409
Amenities
private decks
assigned parking spaces
in-unit washer and dryer connections
water included
trash included
pest control included
lawn care included
Building Details
Building Size
12,600 SF
Year Built
1982
Units
21
Listing Agency:
Sexton Real Estate Services, Inc.
(865) 300-4300
Listed By:
Ivann Garcia
(865) 274-6632
Source:
Creekcountryrealestate
Added: May 28
Changed: Oct 23
Last Checked: Oct 23 at 5:09PM
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.
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Investment Insights
Based on property information with market context.
This 21-unit residential portfolio totals 12,600 square feet and was built in 1982. The units are located together and share a consistent two-bedroom, one-bathroom layout, with washer and dryer connections and private decks. Improvements include complete interior renovations, metal roofing, additional parking, and replacement of numerous HVAC systems. Parking is assigned, and the units have no shared walls.
The portfolio is approximately 10 minutes from downtown Knoxville and 15 minutes from Sevierville. It sits in a residential area characterized mainly by owner-occupied single-family homes, along a street that ends in a cul-de-sac and is bordered by woods.
Water, trash, pest control, and lawn care are included in rent; tenants pay for electricity and internet. The units have consistent finish selections and color schemes.
The portfolio is approximately 10 minutes from downtown Knoxville and 15 minutes from Sevierville. It sits in a residential area characterized mainly by owner-occupied single-family homes, along a street that ends in a cul-de-sac and is bordered by woods.
Water, trash, pest control, and lawn care are included in rent; tenants pay for electricity and internet. The units have consistent finish selections and color schemes.
Key Highlights
- 21 residential units totaling 12,600 square feet
- Each unit has 2 bedrooms, 1 bathroom, and washer and dryer connections
- Built in 1982; interior renovations, metal roofs, and replacement of numerous HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,077
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,261,540
$2.3M
Cap Rate 7%
$1,615,386
$1.6M
Cap Rate 9%
$1,256,411
$1.3M
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$222.3K $17.64/SF
− Vacancy
−$16.7K −$1.32/SF
EGI
$205.6K $16.32/SF
− OpEx
−$92.5K −$7.34/SF
NOI
$113.1K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,261,540
Cap Rate 7%
$1,615,386
Cap Rate 9%
$1,256,411
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.41M – $1.88M
NOI $113,077 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,454 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has a two-bedroom layout, a private deck, and in-unit laundry connections.
Where is this multifamily property located?
The property is located at 5211 Pocahontas Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 21 residential units totaling 12,600 square feet; Each unit has 2 bedrooms, 1 bathroom, and washer and dryer connections; Built in 1982; interior renovations, metal roofs, and replacement of numerous HVAC systems
