5-Unit Townhome Apartment
5216 Tillery Rd, Knoxville, TN 37912
For Sale
$775,000
Pending
Multi-Family, Knoxville, TN
Property Size5,000 SF
Lot Size0.47 Acres
Days on Market104
Property Features for 5216 Tillery Rd
General Information
Property type
Property subtype
Bedrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Greater Impact Realty · Keller Williams Realty
(865) 800-3544
Listed By:
Lori Gano
(865) 694-5904
Added: Jul 31
Changed: Oct 27
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot apartment property contains five two-story townhome-style residences on a 0.47-acre site. Each unit includes two bedrooms, one-and-a-half bathrooms, a main living area, walk-in closet space, and a dedicated laundry room connected to a private rear patio. Interior features include carpet and vinyl flooring, while central heating and cooling serve the units. Appliances include ranges, refrigerators, and dishwashers.
The property was built in 1972 and includes a paved parking area, backyard space, and a low-maintenance exterior with stone and vinyl siding. Each residence is separately metered, with tenants responsible for utilities. The site is served by the city bus line and is near Victor Ashe Park, downtown Knoxville, the University of Tennessee, schools, a library, medical facilities, shopping, and dining.
The property was built in 1972 and includes a paved parking area, backyard space, and a low-maintenance exterior with stone and vinyl siding. Each residence is separately metered, with tenants responsible for utilities. The site is served by the city bus line and is near Victor Ashe Park, downtown Knoxville, the University of Tennessee, schools, a library, medical facilities, shopping, and dining.
Key Highlights
- 5‑unit apartment property with townhome‑style residences
- Each unit includes 2 bedrooms and 1.5 bathrooms
- 5,000 square feet on a 0.47‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,872
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,440
$897.4K
Cap Rate 7%
$641,029
$641.0K
Cap Rate 9%
$498,578
$498.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$88.2K $17.64/SF
− Vacancy
−$6.6K −$1.32/SF
EGI
$81.6K $16.32/SF
− OpEx
−$36.7K −$7.34/SF
NOI
$44.9K $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%
$897,440
Cap Rate 7%
$641,029
Cap Rate 9%
$498,578
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.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
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
$185,600
Median Home Value
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Market
Average Price Trend$/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 - Two-story residences offer private patios, dedicated laundry rooms, and separately metered 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: 5‑unit apartment property with townhome‑style residences; Each unit includes 2 bedrooms and 1.5 bathrooms; 5,000 square feet on a 0.47‑acre site
