Five-Unit Townhome
New
For Sale
$775,000
5216 Tillery Rd, Knoxville, TN 37912
MULTI_FAMILY - Knoxville, TN
Property Size5,000 SF
Lot Size0.47 Acres
Price / SF$155
Days on Market2
Property Features for 5216 Tillery Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Full bathrooms
5
Rooms
Bedroom 9, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 8, Bedroom 10, Bedroom 5, Bedroom 6
Parking features
Off Street
Patio and Porch features
Patio, Porch
Interior features
Walk-In Closet(s)
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Clearview Hills Add 2 Pt 8
Elementary school
Norwood
Middle school
Northwest
High school
Powell
Directions
Merchants Drive to Left on Tillery. Townhomes are on the Left. All units are occupied. Please do not disturb the tenants.
Standard status
Active
APN
080CB025
Size
5,000 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Annual Amount
4364
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1972
Number of units
5
Flooring type
Carpet, Vinyl
Building materials
Stone, Vinyl Siding, Frame
Roof type
Asphalt
Listing Agency:
Greater Impact Realty · Keller Williams Realty
(865) 800-3544
Listed By:
Lori Gano
(865) 640-5980
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 1 at 4:06PM
MLS# 1350369
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 five-unit townhome community features two-story units, each with two bedrooms and one-and-a-half bathrooms, a well-configured main living area, generous closet space, and a dedicated laundry room off a private rear patio. Interior touches include walk-in closet(s). Appliances include dishwasher, range, and refrigerator. The property is separately metered by unit, and tenants are responsible for all utilities. Parking is provided via an off-street, paved parking lot, with additional backyard space.
Built in 1972, the exterior is designed for low maintenance, with stone, vinyl siding, and frame construction and an asphalt roof. Heating is central with electric heating, and cooling is central air.
The community is along the city bus line near Victor Ashe Park, with access to downtown Knoxville and the University of Tennessee, plus walkable proximity to schools, the library, medical facilities, shopping, and dining. All five tenants are currently on month-to-month agreements, offering flexibility for the next owner.
Built in 1972, the exterior is designed for low maintenance, with stone, vinyl siding, and frame construction and an asphalt roof. Heating is central with electric heating, and cooling is central air.
The community is along the city bus line near Victor Ashe Park, with access to downtown Knoxville and the University of Tennessee, plus walkable proximity to schools, the library, medical facilities, shopping, and dining. All five tenants are currently on month-to-month agreements, offering flexibility for the next owner.
Key Highlights
- Five two‑story townhome units with two bedrooms and 1.5 bathrooms each
- Each unit has a private rear patio plus a dedicated laundry room
- Each unit is separately metered; tenants are responsible for all utilities
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 | $88.2k | $17.64 |
| − Vacancy | −$6.6k | −$1.32 |
| EGI | $81.6k | $16.32 |
| − OpEx | −$36.7k | −$7.34 |
| NOI | $44.9k | $8.97 |
5,000 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$641.0K
$560.9K – $747.9K
NOI $44,872 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,688 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five two-story units with private rear patios and dedicated laundry rooms; each unit is separately metered with tenants paying utilities.
Where is this apartment building located?
The property is located at 5216 Tillery Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Five two‑story townhome units with two bedrooms and 1.5 bathrooms each; Each unit has a private rear patio plus a dedicated laundry room; Each unit is separately metered; tenants are responsible for all utilities
