17-Unit Brick Apartment
For Sale
$1,850,000
Pending
5525 Jacksboro Pike, Knoxville, TN 37918
All-brick construction with a mixed one- and two-bedroom unit configuration.
Property Size13,728 SF
Days on Market50
Property Features for 5525 Jacksboro Pike
General Information
Standard status
Pending
Size
13,728 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
16 x 2BR, 1 x 1BR
Multifamily Units
17
Building Details
Year Built
1976
Construction
brick
Listed By:
TNLiving.homes
(865) 250-4094
Source:
Tnliving
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 3:56PM
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 TNLiving.homes
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Investment Insights
Based on property information with market context.
This 17-unit apartment building was constructed in 1976 with all-brick exterior construction. The unit mix includes 16 two-bedroom apartments and one one-bedroom apartment, with professional management provided by Brun Property Management. The property currently has one vacancy.
Recent property improvements include new windows, fresh interior paint, and HVAC replacements completed as needed. The asset is located in Fountain City, a north Knoxville suburb with nearby dining, grocery stores, parks, and bus service. Access to I-40, I-75, downtown Knoxville, Covenant Baseball Stadium, and the University of Tennessee is also identified as a property-area benefit.
Recent property improvements include new windows, fresh interior paint, and HVAC replacements completed as needed. The asset is located in Fountain City, a north Knoxville suburb with nearby dining, grocery stores, parks, and bus service. Access to I-40, I-75, downtown Knoxville, Covenant Baseball Stadium, and the University of Tennessee is also identified as a property-area benefit.
Key Highlights
- 17‑unit apartment complex with 16 two‑bedroom units and 1 one‑bedroom unit
- All‑brick construction; built in 1976
- One vacancy at the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,200
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,464,000
$2.5M
Cap Rate 7%
$1,760,000
$1.8M
Cap Rate 9%
$1,368,889
$1.4M
Market Conditions
NOI Build-Up for 13,728 SF
Gross rent
$242.2K $17.64/SF
− Vacancy
−$18.2K −$1.32/SF
EGI
$224.0K $16.32/SF
− OpEx
−$100.8K −$7.34/SF
NOI
$123.2K $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%
$2,464,000
Cap Rate 7%
$1,760,000
Cap Rate 9%
$1,368,889
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,200 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,011 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All-brick construction with a mixed one- and two-bedroom unit configuration.
Where is this apartment building located?
The property is located at 5525 Jacksboro Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 17‑unit apartment complex with 16 two‑bedroom units and 1 one‑bedroom unit; All‑brick construction; built in 1976; One vacancy at the property
