Duplex Property with
New
For Sale
$240,000
544 Possum Creek Road, Bluff City, TN 37618
Multi Family, Bluff City, TN
Property Size2,252 SF
Lot Size1.00 Acre
Price / SF$106.57
Days on Market6
Property Features for 544 Possum Creek Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
A 1
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Dining Room, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Driveway
Window features
Double Pane Windows, Window Treatments
Patio and Porch features
Porch
Interior features
Kitchen/Dining Combo, Laminate Counters, Pantry, Walk-In Closet(s)
Appliances
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Subdivision
Not In Subdivision
Elementary school
Bluff City
Middle school
Sullivan East
High school
Sullivan East
Directions
Turn onto Weaver Pike heading South, go for 9.0 mi., Turn left onto Rockhold Rd (TN-44), Go for 1.0 mi., Turn right onto Possum Creek Rd., go for 0.8 mi., Home is on the right, sign in yard.
Standard status
Active
APN
099 023.00
Size
2,252 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
535
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Propane (Heating)
Cooling system
Heat Pump, Central Air
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Brick, Masonite
Roof type
Shingle
Architectural style
Ranch, Cottage
Additional Structures
Outbuilding
Listing Agency:
Summit Properties
(423) 830-1133
Listed By:
Richard Sharrett · License #379048
(865) 617-1391
Added: Oct 2
Last Checked: Oct 7 at 11:06AM
MLS# 10001651
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. 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 one-acre property in Bluff City includes two residences totaling 2,252 square feet. The 1,196-square-foot farmhouse has 3 bedrooms and 1 bathroom; the second home offers 1,056 square feet, 2 bedrooms and 1.5 bathrooms. Both homes have updated roofs and HVAC systems. The second residence also features new flooring, quartz kitchen countertops, custom cabinetry, built-in bedroom wardrobes, a walk-in closet, and a covered carport with ramp access. Washer and dryer are included. Each home has a 12' x 12' outbuilding for storage or other utility space.
The property has distant mountain views and is described as a country setting with access to Bristol-area shopping, restaurants, and medical facilities. South Fork Holston River, South Holston Lake, and outdoor recreation are nearby.
The property has distant mountain views and is described as a country setting with access to Bristol-area shopping, restaurants, and medical facilities. South Fork Holston River, South Holston Lake, and outdoor recreation are nearby.
Key Highlights
- Two residences on 1 acre, totaling 2,252 square feet
- Farmhouse: 1,196 square feet, 3 bedrooms, 1 bathroom
- Second home: 1,056 square feet, 2 bedrooms, 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,803
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,060
$336.1K
Cap Rate 7%
$240,043
$240.0K
Cap Rate 9%
$186,700
$186.7K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$25.7K $11.40/SF
− Vacancy
−$1.7K −$0.74/SF
EGI
$24.0K $10.66/SF
− OpEx
−$7.2K −$3.20/SF
NOI
$16.8K $7.46/SF
Area
Sullivan County, TN
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,060
Cap Rate 7%
$240,043
Cap Rate 9%
$186,700
Alternative Uses
Best Use
Multifamily LT 5
$240.0K
$210.0K – $280.1K
NOI $16,803 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$224.7K
$196.6K – $262.2K
NOI $15,731 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$843.3K
$737.9K – $983.9K
NOI $59,033 @ 7.0% cap · market cap 24.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 37618, TN
12,729
Population
6,250
Households
2
Avg Household Size
47
Median Age
17%
College-Educated
88%
High-School Grad
69.3 sq mi
ZIP Area
184
Density / Sq Mi
$58,413
Median Household Income
$37,003
Median Earnings
$880
Median Rent
$174,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences on one parcel provide separate living spaces, with updated roofs and HVAC systems in both homes.
Where is this duplex located?
The property is located at 544 Possum Creek Road Bluff City, TN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two residences on 1 acre, totaling 2,252 square feet; Farmhouse: 1,196 square feet, 3 bedrooms, 1 bathroom; Second home: 1,056 square feet, 2 bedrooms, 1.5 bathrooms
