2-Unit Two-Story
New
For Sale
$699,999
53615259 Inskip Rd, Knoxville, TN 37912
Each residence has three bedrooms, two-and-a-half baths, a private entrance, and dedicated utilities.
Property Size3,200 SF
Price / SF$218.75
Days on Market7
Property Features for 53615259 Inskip Rd
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Realty Executives Associates
Listed By:
Lynette Bell 4232315433
(423) 231-5433
Source:
Viewchattanoogaproperties
Added: Oct 25
Changed: Oct 30
Last Checked: Oct 30 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2026 duplex contains two separate residences, each arranged across two floors. Both units offer three bedrooms, 2.5 bathrooms, an attached one-car garage, a private entrance, and dedicated utilities. Main-floor living, dining, and kitchen areas share an open layout. Kitchens are planned with Shaker-style cabinets and stainless steel appliances, while LVP flooring is specified for the main living areas. Upstairs, each home includes a primary suite with a private bath and walk-in closet, two additional bedrooms, a laundry room, and a secondary living area. Tile is planned for bathrooms and other wet areas, with carpet in bedrooms and oak stair treads.
The property is just off Cedar Lane near Inskip Road, with access to I-75, the I-640 split, Fountain City, shopping, and dining. Each residence also has a separate mailing and house number.
The property is just off Cedar Lane near Inskip Road, with access to I-75, the I-640 split, Fountain City, shopping, and dining. Each residence also has a separate mailing and house number.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Each unit has an attached one‑car garage and private entrance
- Separate utilities and mailing/house numbers for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,208
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two-and-a-half baths, a private entrance, and dedicated utilities.
Where is this duplex located?
The property is located at 53615259 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: Two residences, each with 3 bedrooms and 2.5 bathrooms; Each unit has an attached one‑car garage and private entrance; Separate utilities and mailing/house numbers for each residence
