Renovated
For Sale
$425,000
5800 Fountain Rd, Knoxville, TN 37918
Multi-Family, Knoxville, TN
Property Size1,872 SF
Lot Size0.45 Acres
Price / SF$227.03
Days on Market47
Property Features for 5800 Fountain Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Carport
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
W S McFadden
Elementary school
Fountain City
Middle school
Gresham
High school
Central
Directions
From 640 - go North. take a left on Broadway continue to Church Street take a left then an immediate right on Fountain Road. Property on the right about 1/4 mile from the duck pond. .
Standard status
Active
APN
058CF01001
Size
1,872 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
1281
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1960
Number of units
2
Flooring type
Brick
Building materials
Brick, Frame
Roof type
Asphalt
Listing Agency:
United Real Estate Solutions
(865) 444-2400
Listed By:
Shawn King
(865) 300-6161
Added: Sep 8
Changed: Oct 22
Last Checked: Oct 24 at 6:06AM
MLS# 1354746
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.
Built in 1960, this duplex contains 1,872 square feet across two vacant apartments, each with two bedrooms and one bathroom. Both units received substantial interior updates in 2022, including kitchens with soft-close cabinets, tile backsplashes and dishwashers, along with refreshed bathrooms. Unit A has an updated shower enclosure; Unit B has a custom tile shower. Washer and dryer connections are provided in both apartments. A new roof was installed in September 2026.
The property occupies a 0.45-acre site in Knoxville. Brick and frame construction, central air, natural gas forced-air heat and a carport are among the listed property features.
The property occupies a 0.45-acre site in Knoxville. Brick and frame construction, central air, natural gas forced-air heat and a carport are among the listed property features.
Key Highlights
- Duplex with two vacant 2‑bedroom, 1‑bath apartments
- 1,872 square feet on a 0.45‑acre lot
- Both apartments renovated in 2022; 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 - Both apartments are vacant, giving the next owner flexibility to establish occupancy and lease terms.
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: Duplex with two vacant 2‑bedroom, 1‑bath apartments; 1,872 square feet on a 0.45‑acre lot; Both apartments renovated in 2022; roof installed September 2026
