Dual-Income Duplex with Vacant
633 Russell Avenue, Harriman, TN 37748
For Sale
$279,999
Duplex offers a fenced shared yard, attached garage, and in-unit laundry hookups, plus an included adjacent vacant lot.
Property Size1,960 SF
Lot Size1.00 Acre
Price / SF$142.86
Days on Market129
Property Features for 633 Russell Avenue
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Additional Details
Fenced Yard
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
attached garage
laundry hookups
Central Cooling, Ceiling Fan(s)
Yes
Laminate
True
Heat Pump, Central, Forced Air, Natural Gas, Electric
Microwave, Range, Refrigerator
Vinyl, Frame
Building Details
Year Built
Listing Agency:
Lake Homes Realty of East Tennessee
Listed By:
Tevis Hope
(865) 278-4456
Source:
Compass
Added: Jul 2
Changed: Nov 7
Last Checked: Nov 6 at 11:30AM
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 Lake Homes Realty of East Tennessee
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Investment Insights
Based on property information with market context.
This for-sale dual-income duplex includes two rental units and an attached garage. Unit #1 is a 1-bedroom, 1-bathroom layout. Unit #2 is a 2-bedroom, 1-bathroom layout. Both units share access to a large, fully fenced yard, and the property also includes dedicated laundry hookups.
The duplex is located at 633 Russell Avenue in Harriman, Tennessee, and the offering also includes a vacant lot totaling 0.47 acres. The combined lot size is 0.53 acres, providing space that may support future expansion or development after due diligence.
The property is offered as a residential income opportunity, with the existing duplex providing two separate units and the additional vacant land included in the sale. Buyer to verify all information.
The duplex is located at 633 Russell Avenue in Harriman, Tennessee, and the offering also includes a vacant lot totaling 0.47 acres. The combined lot size is 0.53 acres, providing space that may support future expansion or development after due diligence.
The property is offered as a residential income opportunity, with the existing duplex providing two separate units and the additional vacant land included in the sale. Buyer to verify all information.
Key Highlights
- Duplex built in 2010 on a 0.53‑acre lot with unit #1 (1 bed/1 bath) and unit #2 (2 bed/1 bath).
- Massive fully fenced shared yard for both units, including a walk‑in shower and washer/dryer hookups.
- Attached garage provides dedicated parking and/or extra storage for the property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,115
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,300
$382.3K
Cap Rate 7%
$273,071
$273.1K
Cap Rate 9%
$212,389
$212.4K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$29.4K $15.00/SF
− Vacancy
−$2.1K −$1.07/SF
EGI
$27.3K $13.93/SF
− OpEx
−$8.2K −$4.18/SF
NOI
$19.1K $9.75/SF
Area
Roane County, 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%
$382,300
Cap Rate 7%
$273,071
Cap Rate 9%
$212,389
Alternative Uses
Best Use
Multifamily LT 5
$273.1K
$238.9K – $318.6K
NOI $19,115 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$251.3K
$219.9K – $293.2K
NOI $17,590 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$485.5K
$424.8K – $566.4K
NOI $33,982 @ 7.0% cap · market cap 12.14%
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
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
Check the figures for this property
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?
Duplex - Duplex offers a fenced shared yard, attached garage, and in-unit laundry hookups, plus an included adjacent vacant lot.
Where is this duplex located?
The property is located at 633 Russell Avenue Harriman, TN.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Duplex built in 2010 on a 0.53‑acre lot with unit #1 (1 bed/1 bath) and unit #2 (2 bed/1 bath).; Massive fully fenced shared yard for both units, including a walk‑in shower and washer/dryer hookups.; Attached garage provides dedicated parking and/or extra storage for the property.
