633 Russell Ave, Harriman, TN 37748
MULTI_FAMILY - Harriman, TN
- Added:
- Jul 3, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 4 at 1:06 pm
Property Features for 633 Russell Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
- Parking features
- Garage, Off Street, Carport, Open
- Interior features
- Walk-In Closet(s), Kitchen Island, Pantry
- Appliances
- Microwave, Range, Refrigerator
- 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
- Forced Air, Heat Pump (Heating), Central, Natural Gas, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 2010
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding, Frame
- Roof type
- Shingle
Listing agent Tevis Hope (865) 278-4456
Listing office Lake Homes Realty of East Tennessee 501 U S Hwy 321 N Suite 3, Lenoir City, TN (865) 850-2518
Listing date Jul 3, 2026
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
- Dual‑income property built in 2010 with Unit #1 (1BD/1BA) and Unit #2 (2BD/1BA)
- Total 0.53‑acre lot with access to a massive fully fenced shared yard
- Includes an attached garage plus additional off‑street parking, carport, and open parking spaces
- Dedicated laundry hookups provided for each unit
- Kitchen amenities include a kitchen island and pantry; appliances include microwave, range, and refrigerator
- Also included: 0.47‑acre vacant lot, offering options to expand or build additional units
Overview
The duplex is situated on a 0.53-acre lot and includes a second parcel: a 0.47-acre vacant lot. The combined site configuration provides flexibility for an owner looking to maintain and rent the existing units while also having land available for future plans related to development or expansion. Buyer to verify all information.
For tenants or buyers seeking a straightforward two-unit setup, the mix of unit sizes may appeal to different household needs while maintaining a common outdoor area suitable for everyday use. The included attached garage and in-unit laundry hookups are practical conveniences, and the additional vacant lot gives the ownership group options beyond the current footprint, subject to verification of intended use and feasibility by the buyer.
Local Financial Insights For Multifamily LT 5
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 | $29.4k | $15.00 |
| − Vacancy | −$2.1k | −$1.07 |
| EGI | $27.3k | $13.93 |
| − OpEx | −$8.2k | −$4.18 |
| NOI | $19.1k | $9.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harriman
- County
- Roane
- State
- Tennessee
- Longitude
- -84.559403
- Latitude
- 35.914961
