Five-Unit Multifamily Investment
600 Radford Place, Knoxville, TN 37917
New
MULTI_FAMILY - Knoxville, TN
Property size:
3,618 SFLot size:
0.29 AcresPrice / SF:
$139/SF- Added:
- May 21, 2026
- Days on Market:
- 2
- Last Refresh:
- May 22 at 3:06 pm
Property Features for 600 Radford Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 5
- Parking features
- Off Street
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 081CL012
- Size
- 3,618 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4441
Utilities
- Heating system
- Space Heater, Electric (Heating), Natural Gas
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1910
- Number of units
- 5
- Flooring type
- Hardwood
- Building materials
- Frame
- Roof type
- Shingle, Asphalt
Listing agent Fredda Augusta Temples (865) 770-4030
Listing office The Real Estate Firm, Inc. 5315 N Broadway Street, KNOXVILLE, TN (865) 770-4030
Listing date May 21, 2026
MLS# 1341904
Listing URL
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.
HighLights
- High Gross Income: Property grossed over $47,520 in 2025.
- Updated Systems: Electrical and plumbing systems updated in 2025, including new water heaters and separate water meters for each unit.
- Prime Location: Situated in Lincoln Park near Downtown and the University of Tennessee, with convenient access to restaurants, schools, churches, and shopping.
- Ample Parking & Storage: Features off‑street parking and a large rear storage building.
- Low Maintenance: Includes low‑maintenance siding and a newer roof.
- Spacious Units: Main‑level units feature high ceilings and hardwood floors.
Overview
This five-unit rental property is located in the Lincoln Park neighborhood, near Downtown Knoxville and the University of Tennessee. Restaurants, schools, churches, and shopping are conveniently located within walking distance. Situated on a corner lot, the property features spacious main-level units with high ceilings and hardwood floors. Some electrical and plumbing systems were updated in 2025. New water heaters are installed in each unit. Separate water meters with new water lines to each unit were installed by KUB in 2025-2026. The property features low-maintenance siding and a newer roof. In 2025, the property grossed over $47,520. The units are currently on month-to-month leases. Unit 5 is vacant and requires repairs from water intrusion, which has since been remedied. The site provides ample off-road parking and a large rear storage building for the owner's use. The property has a size of 3618 square feet and sits on a lot of approximately 0.29 acres.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$360.8K
NOI $32,469 @ 9.00% cap · cautious / downside scenario
Moderate
$463.8K
NOI $32,469 @ 7.00% cap · market / base-case scenario
Aggressive
$649.4K
NOI $32,469 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $17.64 |
| − Vacancy | −$4.8k | −$1.32 |
| EGI | $59.0k | $16.32 |
| − OpEx | −$26.6k | −$7.34 |
| NOI | $32.5k | $8.97 |
3,618 SF · lease $17.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$463.8K
$405.9K – $541.2K
NOI $32,469 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.1K
$784.1K – $1.05M
NOI $62,727 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.935979
- Latitude
- 35.996545
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit rental property near Downtown and University of Tennessee.
Where is this apartment building located?
The property is located at 600 Radford Place Knoxville, TN.
What is the asking price?
The asking price for this property is $504,000.
What are key features of this property?
This property features: High Gross Income: Property grossed over $47,520 in 2025.; Updated Systems: Electrical and plumbing systems updated in 2025, including new water heaters and separate water meters for each unit.; Prime Location: Situated in Lincoln Park near Downtown and the University of Tennessee, with convenient access to restaurants, schools, churches, and shopping.
