21-Unit Apartment Building
For Sale
$2,695,000
5211 Pocahontas Drive, Knoxville, TN 37914
Multi-Family, Knoxville, TN
Property Size12,600 SF
Price / SF$213.89
Days on Market143
Property Features for 5211 Pocahontas Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Chilhowee Hills Pt Lots 1-10
Elementary school
Sunnyview
Middle school
Holston
High school
Austin East/Magnet
Directions
GPS Friendly. From Downtown Knoxville: Take I-40E to Exit 394. Make a right. Then another right at Iroquois Rd. Lastly turn right on Pocahontas Dr.
Standard status
Active
APN
071GC005
Size
12,600 SF
Taxes and HOA fees
Tax Annual Amount
15410
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
private decks
in-unit washer/dryer connections
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
Listed By:
Ivann Garcia
(865) 274-6632
Added: May 28
Changed: Sep 22
Last Checked: Oct 17 at 10:06AM
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 21-unit apartment portfolio contains 12,600 square feet of residential improvements built in 1982. Each apartment follows a two-bedroom, one-bathroom layout with a private deck, assigned parking, and washer and dryer connections. Interior remodels have been completed across the units, while numerous HVAC systems have been replaced. The properties also feature metal roofs, central heating and cooling, and frame construction. Units are positioned next to one another without shared walls between neighbors.
The apartments are situated on Pocahontas Drive, which terminates in a cul-de-sac and borders wooded surroundings within a neighborhood composed primarily of owner-occupied single-family homes. Downtown Knoxville is approximately 10 minutes away, while Sevierville is about 15 minutes away. Water, trash, pest control, and lawn care are included in the rent; residents are responsible for electric and internet service. Lease terms require the first month's rent and a security deposit.
The apartments are situated on Pocahontas Drive, which terminates in a cul-de-sac and borders wooded surroundings within a neighborhood composed primarily of owner-occupied single-family homes. Downtown Knoxville is approximately 10 minutes away, while Sevierville is about 15 minutes away. Water, trash, pest control, and lawn care are included in the rent; residents are responsible for electric and internet service. Lease terms require the first month's rent and a security deposit.
Key Highlights
- 21‑unit apartment portfolio totaling 12,600 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Interior remodels completed throughout the units
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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Current Use
Lease Details
21
Residential units
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled two-bedroom apartments offer private decks, assigned parking, and in-unit laundry connections.
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 $2,695,000.
What are key features of this property?
This property features: 21‑unit apartment portfolio totaling 12,600 square feet; Each unit includes 2 bedrooms and 1 bathroom; Interior remodels completed throughout the units
