Renovated
New
For Sale
$449,900
5430 Aster Rd, Knoxville, TN 37918
Multi-Family, Knoxville, TN
Property Size1,800 SF
Price / SF$249.94
Days on Market3
Property Features for 5430 Aster Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking features
Off Street
Window features
Drapes
Patio and Porch features
Porch
Interior features
Walk-In Closet(s), Pantry
Exterior features
Windows - Vinyl
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Fountain City Co Resub
Directions
Cedar Lane To Midlake Dr To Aster Road
Standard status
Active
APN
058FG02501
Size
1,800 SF
Taxes and HOA fees
Tax Annual Amount
3466
Utilities
Heating system
Heat Pump (Heating), Central, Electric (Heating)
Cooling system
Central Air
Amenities
private deck
washer/dryer in unit
step-free access
Building Details
Year built
2003
Number of units
2
Flooring type
Laminate, Tile
Building materials
Vinyl Siding, Brick
Roof type
Shingle
Buildings
1
Listing Agency:
Three Rivers Realty
(865) 307-0357
Listed By:
Charlene Ramsey
(865) 771-9145
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 9:06AM
MLS# 1361253
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 2003 duplex contains approximately 1,800 square feet across two units, each with two bedrooms, one full bathroom, and a private deck. Recent interior work includes updated kitchens with new appliances, new water heaters, and refreshed finishes. Both units have their own washer and dryer, and step-free access is provided. The roof and HVAC system were installed in 2022.
The property is vacant following a history of continuous rental occupancy. Off-street parking accommodates up to four vehicles per unit.
The property is vacant following a history of continuous rental occupancy. Off-street parking accommodates up to four vehicles per unit.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Approximately 1,800 square feet total
- Private deck and washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,554
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,080
$351.1K
Cap Rate 7%
$250,771
$250.8K
Cap Rate 9%
$195,044
$195.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.9K −$1.07/SF
EGI
$25.1K $13.93/SF
− OpEx
−$7.5K −$4.18/SF
NOI
$17.6K $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%
$351,080
Cap Rate 7%
$250,771
Cap Rate 9%
$195,044
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include private decks, in-unit laundry, and updated kitchens with new appliances.
Where is this duplex located?
The property is located at 5430 Aster Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Approximately 1,800 square feet total; Private deck and washer and dryer in each unit
