New Construction
New
For Sale
$699,999
5361/5259 Inskip Rd, Knoxville, TN 37912
Multi-Family, Knoxville, TN
Property Size3,200 SF
Price / SF$218.75
Days on Market4
Property Features for 5361/5259 Inskip Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 4, Bathroom 3, Bedroom 1
Parking features
Off Street, Garage, Open
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Pantry
Exterior features
Windows - Vinyl, Prof Landscaped
Appliances
Dishwasher, Disposal, Microwave, Range
Subdivision
Wassman
Elementary school
Sterchi
Middle school
Gresham
High school
Central
Directions
From I-40 E, take exit 387A to merge onto I-275 N toward Lexington and keep left on I-75 N, take exit 108 onto Merchants Dr, right onto Merchants Dr and property is on your right on the corner of Cedar Lane and Inskip Road. **For GPS: 1208 Cedar Lane, Knoxville, TN 37912.**
Standard status
Active
APN
069AC015
Size
3,200 SF
Taxes and HOA fees
Tax Annual Amount
389
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2026
Number of units
2
Flooring type
Carpet, Tile
Building materials
Vinyl Siding, Block, Frame
Roof type
Shingle
Listing Agency:
Realty Executives Associates · Realty Executives International
(865) 588-3232
Listed By:
Lynette Bell
(423) 231-5433
Added: Sep 28
Last Checked: Oct 1 at 6:06PM
MLS# 1357053
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.
Completed in 2026, this 3,200-square-foot duplex contains two separate residences. Each home has two stories, three bedrooms, 2.5 bathrooms, a private entrance, and an attached one-car garage. Dedicated utilities serve each side, which also has its own mailing and house numbers.
Both floor plans include an open living, dining, and kitchen area, a primary suite with a walk-in closet, two additional bedrooms, an upstairs living area, and a separate laundry room. Kitchens are equipped with a dishwasher, range, and microwave. LVP flooring serves the main living areas, with carpet in bedrooms and tile in bathrooms and other wet areas.
The property is near Cedar Lane and Inskip Road, with access to I-75, the I-640 split, and Fountain City. The two residences can be occupied independently, with separate kitchens, living spaces, laundry, and garages.
Both floor plans include an open living, dining, and kitchen area, a primary suite with a walk-in closet, two additional bedrooms, an upstairs living area, and a separate laundry room. Kitchens are equipped with a dishwasher, range, and microwave. LVP flooring serves the main living areas, with carpet in bedrooms and tile in bathrooms and other wet areas.
The property is near Cedar Lane and Inskip Road, with access to I-75, the I-640 split, and Fountain City. The two residences can be occupied independently, with separate kitchens, living spaces, laundry, and garages.
Key Highlights
- 3,200 square feet; year built: 2026
- Two‑story duplex with two separate residences
- Each side has 3 bedrooms, 2.5 bathrooms, and an attached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,208
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,160
$624.2K
Cap Rate 7%
$445,829
$445.8K
Cap Rate 9%
$346,756
$346.8K
Market Conditions
NOI Build-Up for 3,200 SF
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.
Gross rent
$48.0K $15.00/SF
− Vacancy
−$3.4K −$1.07/SF
EGI
$44.6K $13.93/SF
− OpEx
−$13.4K −$4.18/SF
NOI
$31.2K $9.75/SF
Area
Knoxville, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$624,160
Cap Rate 7%
$445,829
Cap Rate 9%
$346,756
Alternative Uses
Best Use
Multifamily LT 5
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$410.3K
$359.0K – $478.6K
NOI $28,718 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,480 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent homes each offer private entrances, dedicated utilities, and attached garages.
Where is this duplex located?
The property is located at 5361/5259 Inskip Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 3,200 square feet; year built: 2026; Two‑story duplex with two separate residences; Each side has 3 bedrooms, 2.5 bathrooms, and an attached one‑car garage
