Two-Bedroom Apartment
5211 Pocahontas Drive Knoxville, TN 37914
5211 Pocahontas Drive, Knoxville, TN, 37914
$2,950,000
For Sale
$2,950,000
MULTI_FAMILY - Knoxville, TN
Property Size12,600 SF
Price / SF$234.13
Days on Market51
Property Features for 5211 Pocahontas Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 071GC005
- Size
- 12,600 SF
Taxes and HOA fees
- Tax Annual Amount
- 15410
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Number of units
- 21
- Building materials
- Frame
- Roof type
- Metal
Listing Agency
Sexton Real Estate Services, Inc.
(865) 300-4300
P. O. Box 1167, Norris, TN
Listed by
Ivann Garcia
(865) 274-6632
Added: May 28 Checked: Jul 17 at 7:06 pm
MLS# 1342605
Listing URL
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.
This for-sale investment portfolio includes 21 individual units with identical layouts. Each unit offers two bedrooms and one bathroom, with washer and dryer connections. Improvements across the properties include full interior remodels, replacement of numerous HVAC systems, installation of metal roofs, and additional new parking spaces. Tenants also benefit from assigned parking spaces, private decks, and the absence of shared walls with neighbors.
The units are located next to each other on Pocahontas Drive, which leads to a cul-de-sac and is described as producing minimal through traffic. The setting is within a residential neighborhood of predominantly owner-occupied, single-family homes, surrounded by woods. The property is approximately 10 minutes from downtown Knoxville and about 15 minutes to Sevierville, with access to employment, dining, educational institutions, and public transportation described as convenient.
From a tenant-management standpoint, the lease terms require tenants to pay the first month's rent and a security deposit. Water, trash, pest control, and lawn care services are included in the rent, while tenants pay for electric and internet. The current average rent per unit is stated as $1,410, and tenants are not eligible for assistance programs; however, the units are described as able to pass inspections for available programs if the new owner chooses to participate. Financials are available upon request for qualified buyers or investors.
The units are located next to each other on Pocahontas Drive, which leads to a cul-de-sac and is described as producing minimal through traffic. The setting is within a residential neighborhood of predominantly owner-occupied, single-family homes, surrounded by woods. The property is approximately 10 minutes from downtown Knoxville and about 15 minutes to Sevierville, with access to employment, dining, educational institutions, and public transportation described as convenient.
From a tenant-management standpoint, the lease terms require tenants to pay the first month's rent and a security deposit. Water, trash, pest control, and lawn care services are included in the rent, while tenants pay for electric and internet. The current average rent per unit is stated as $1,410, and tenants are not eligible for assistance programs; however, the units are described as able to pass inspections for available programs if the new owner chooses to participate. Financials are available upon request for qualified buyers or investors.
Key Highlights
- 21‑unit individual unit investment portfolio for sale; units are next to each other with identical 2 bed / 1 bath layouts
- All units have washer and dryer connections, plus private decks and assigned parking spaces; no shared walls with neighbors
- Updates across the portfolio include full interior remodels, replacement of numerous HVAC systems, and installation of metal roofs
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 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,454 @ 7.0% cap · market cap 7.41%
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-unit multifamily portfolio with remodeled interiors, updated HVACs, and in-unit washer/dryer connections for consistent tenant livability.
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 $2,950,000.
What are key features of this property?
This property features: 21‑unit individual unit investment portfolio for sale; units are next to each other with identical 2 bed / 1 bath layouts; All units have washer and dryer connections, plus private decks and assigned parking spaces; no shared walls with neighbors; Updates across the portfolio include full interior remodels, replacement of numerous HVAC systems, and installation of metal roofs
