Updated Duplex with Vacant
For Sale
$425,000
5800 Fountain Rd, Knoxville, TN 37918
Two renovated single-level residences offer flexible occupancy and refreshed systems.
Property Size1,872 SF
Price / SF$227.03
Days on Market50
Property Features for 5800 Fountain Rd
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer and dryer connections
storage shed
carport
Building Details
Year Built
1960
Year Renovated
2022
Buildings
1
Stories
1
Listed By:
TNLiving.homes
(865) 250-4094
Source:
Tnliving
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 8:27AM
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 single-level duplex contains two vacant residences, each with two bedrooms and one bathroom. Both units received substantial updates in 2022, including remodeled kitchens with soft-close cabinets, tile backsplashes, dishwashers, refinished hardwood flooring, refreshed bathrooms, and washer and dryer connections. One unit has a renovated shower enclosure, while the other includes a custom tile shower.
The property also includes replacement windows, PEX plumbing serving the kitchens and bathrooms, HVAC systems replaced in 2020, improved insulation, updated lighting, gutters, downspouts, a paved driveway with retaining walls, a carport, additional off-street parking, and a storage shed. A new roof was installed in September 2026. Located in Fountain City, the property provides access to shopping, dining, major roadways, and downtown Knoxville.
The property also includes replacement windows, PEX plumbing serving the kitchens and bathrooms, HVAC systems replaced in 2020, improved insulation, updated lighting, gutters, downspouts, a paved driveway with retaining walls, a carport, additional off-street parking, and a storage shed. A new roof was installed in September 2026. Located in Fountain City, the property provides access to shopping, dining, major roadways, and downtown Knoxville.
Key Highlights
- Two vacant 2‑bedroom, 1‑bath units with immediate possession
- Both units extensively renovated in 2022
- New roof installed September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,256
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,120
$365.1K
Cap Rate 7%
$260,800
$260.8K
Cap Rate 9%
$202,844
$202.8K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$28.1K $15.00/SF
− Vacancy
−$2.0K −$1.07/SF
EGI
$26.1K $13.93/SF
− OpEx
−$7.8K −$4.18/SF
NOI
$18.3K $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%
$365,120
Cap Rate 7%
$260,800
Cap Rate 9%
$202,844
Alternative Uses
Best Use
Multifamily LT 5
$260.8K
$228.2K – $304.3K
NOI $18,256 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$463.7K
$405.7K – $540.9K
NOI $32,456 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
579
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 renovated single-level residences offer flexible occupancy and refreshed systems.
Where is this duplex located?
The property is located at 5800 Fountain Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two vacant 2‑bedroom, 1‑bath units with immediate possession; Both units extensively renovated in 2022; New roof installed September 2026
