Duplex with Fenced
For Sale
$279,999
633 Russell Ave, Harriman, TN 37748
Multi-Family, Harriman, TN
Property Size1,960 SF
Lot Size0.53 Acres
Price / SF$142.86
Days on Market97
Property Features for 633 Russell Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking features
Carport, Off Street, Open, Garage
Interior features
Walk-In Closet(s), Kitchen Island, Pantry
Appliances
Microwave, Range, Refrigerator
Directions
From I-40, take exit 350 Harriman. Turn right onto TN-29. In 1.7 miles, turn right onto Scarbro Road. Turn right onto Russell. Duplex will be on the left.
Subdivision
Roane County - 31
Standard status
Active
APN
036G G 01700 000
Size
1,960 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
3429
Utilities
Heating system
Electric (Heating), Heat Pump (Heating), Forced Air, Natural Gas, Central
Cooling system
Central Air, Ceiling Fan(s)
Amenities
fenced yard
laundry hookups
Building Details
Year built
2010
Number of units
2
Flooring type
Laminate
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
Lake Homes Realty of East Tennessee
(865) 850-2518
Listed By:
Tevis Hope
(865) 278-4456
Added: Jul 3
Changed: Sep 28
Last Checked: Oct 7 at 3:06PM
MLS# 1346853
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.
Investment Insights
Based on property information with market context.
This 1,960-square-foot duplex, built in 2010, contains two separate residential units: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Both units share a fully fenced yard, while the attached garage provides parking or storage space and includes dedicated laundry hookups.
The property occupies .53 acres and features vinyl siding, laminate flooring, shingle roofing, central air, and heat-pump heating. Interior amenities include a kitchen island, pantry, walk-in closet(s), microwave, range, and refrigerator. Parking includes the attached garage, carport, and off-street open spaces.
The property occupies .53 acres and features vinyl siding, laminate flooring, shingle roofing, central air, and heat-pump heating. Interior amenities include a kitchen island, pantry, walk-in closet(s), microwave, range, and refrigerator. Parking includes the attached garage, carport, and off-street open spaces.
Key Highlights
- Two‑unit duplex with 1,960 square feet of building area
- Unit mix includes 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom units
- Fully fenced shared yard on .53 acres
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share a fully fenced yard with an attached garage and dedicated laundry hookups.
Where is this duplex located?
The property is located at 633 Russell Ave 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: Two‑unit duplex with 1,960 square feet of building area; Unit mix includes 1‑bedroom/1‑bathroom and 2‑bedroom/1‑bathroom units; Fully fenced shared yard on .53 acres
