Apartment Building with Six
For Sale
$699,995
630 Elizabethton Highway, Bluff City, TN 37618
MULTI_FAMILY - Bluff City, TN
Property Size6,174 SF
Lot Size1.28 Acres
Price / SF$113.38
Days on Market52
Property Features for 630 Elizabethton Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MF
Bedrooms
12
Bathrooms
12
Full bathrooms
6
Half bathrooms
6
Rooms
Bedroom 7, Bathroom 7, Bedroom 11, Bedroom 5, Bedroom 10, Bedroom 4, Bathroom 2, Bathroom 5, Bathroom 4, Bathroom 10, Bedroom 2, Bathroom 9, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 3, Bathroom 11, Bathroom 8, Bathroom 6, Bedroom 9, Bedroom 12, Bathroom 12, Bedroom 6, Basement, Bathroom 3
Basement
Crawl Space
Appliances
Dishwasher, Range, Refrigerator
Subdivision
Not Listed
Elementary school
Bluff City
Middle school
East Middle
High school
Sullivan East
Directions
11E to 19E toward Elizabethton. Left on Elizabethton Hwy. Buildings on left.
Standard status
Active
APN
125b A 008.10
Size
6,174 SF
Lot size
1.28 Acres
Taxes and HOA fees
Tax Annual Amount
3191
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1993
Floors in Building
2
Number of units
6
Flooring type
Vinyl, Carpet, Laminate
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Path Real Estate LLC
(423) 377-0577
Listed By:
Justin Branson · License #303020
(423) 366-7745
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 5 at 4:06AM
MLS# 9996838
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.
Apartment building featuring six fully occupied units, each with two bedrooms and 1.5 baths. The units are separately metered, supporting straightforward management and utility allocation. The property sits on a 1.28-acre lot and totals 6,174 square feet, built in 1993. Heating and cooling are provided by heat pumps, with vinyl siding construction. Interior finishes include vinyl, carpet, and laminate flooring, and unit appliances include a dishwasher, range, and refrigerator.
The property is zoned MF and is served by public water and a septic tank. Exterior amenities and utility-related work include a metal roof installed in 2012 and siding installed in 2012.
Recent updates also include crawl space cleanup in 2025, PEX water lines in the crawl space in 2026, storm doors in 2026, exterior foundation and deck staining in 2026, and the septic pumped in 2026.
The property is zoned MF and is served by public water and a septic tank. Exterior amenities and utility-related work include a metal roof installed in 2012 and siding installed in 2012.
Recent updates also include crawl space cleanup in 2025, PEX water lines in the crawl space in 2026, storm doors in 2026, exterior foundation and deck staining in 2026, and the septic pumped in 2026.
Key Highlights
- Six fully occupied units, each with two bedrooms and 1.5 baths
- Separately metered units
- 1.28‑acre lot with 6,174 SF total building area
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $13.44 |
| − Vacancy | −$4.6k | −$0.74 |
| EGI | $78.4k | $12.70 |
| − OpEx | −$35.3k | −$5.72 |
| NOI | $43.1k | $6.99 |
6,174 SF · lease $13.44/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$616.1K
$539.1K – $718.8K
NOI $43,128 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,844 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
104
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with six fully occupied, separately metered units on public water and septic tank, zoned MF.
Where is this apartment building located?
The property is located at 630 Elizabethton Highway Bluff City, TN.
What is the asking price?
The asking price for this property is $699,995.
What are key features of this property?
This property features: Six fully occupied units, each with two bedrooms and 1.5 baths; Separately metered units; 1.28‑acre lot with 6,174 SF total building area
