21-Unit Apartment
5211 Pocahontas Drive, Knoxville, TN 37914
For Sale
$2,495,000
Multi-Family, Knoxville, TN
Property Size12,600 SF
Price / SF$198.02
Days on Market168
Property Features for 5211 Pocahontas Drive
General Information
Property type
Property subtype
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
washer and dryer connections
balcony decks
parking
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Sexton Real Estate Services, Inc.
(865) 300-4300
Listed By:
Ivann Garcia
(865) 274-6632
Added: May 28
Changed: Nov 4
Last Checked: Nov 11 at 1:06PM
MLS# 1342605
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.
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Investment Insights
Based on property information with market context.
This 12,600-square-foot apartment property contains 21 units, each with two bedrooms, one bathroom, washer and dryer connections, and a balcony deck. Improvements include LVP flooring, interior paint, updated appliances and light fixtures, and renovated decks and parking. Several HVAC systems and water heaters have been replaced. The buildings have metal roofs and newer plumbing.
The property is in Knoxville, with access to I-40 approximately 2 minutes away. Downtown Knoxville is about 10 minutes away, and Sevierville is approximately 15 minutes away.
The property is in Knoxville, with access to I-40 approximately 2 minutes away. Downtown Knoxville is about 10 minutes away, and Sevierville is approximately 15 minutes away.
Key Highlights
- 21 apartments, each with 2 bedrooms and 1 bathroom
- 12,600 square feet across the property
- Unit features include washer and dryer connections and balcony decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,077
Cap Rate
4.53%
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 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,454 @ 7.0% cap · market cap 8.76%
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
Lease Details
21
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
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
$204,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Knoxville, TN
Properties on Market for Apartment buildings in Knoxville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences offer two-bedroom, one-bath layouts with washer and dryer connections and balcony decks.
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 $2,495,000.
What are key features of this property?
This property features: 21 apartments, each with 2 bedrooms and 1 bathroom; 12,600 square feet across the property; Unit features include washer and dryer connections and balcony decks
