Turnkey Duplex Short-Term
For Sale
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6628 Greer Rd, Knoxville, TN 37918
Duplex configured for flexible group stays, with separate utilities and HVAC plus abundant parking and outdoor living space.
Property Size2,376 SF
Price / SF$229.38
Days on Market60
Property Features for 6628 Greer Rd
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Multifamily
Building Details
Year Built
1956
Listing Agency:
Goldman Partners Realty
Listed By:
Solange Velas · License #TN 263596
Source:
Crexi
Added: Jun 6
Changed: Jul 10
Last Checked: Aug 4 at 12:45PM
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 Goldman Partners Realty
Investment Insights
Based on property information with market context.
This property is a 5-bedroom, 4-bath duplex currently configured as two fully equipped units designed for short-term group stays. Inside, each unit includes its own full kitchen, and the layout supports large gatherings with dining areas seating 8 in the main space and 6 in the second unit plus an additional 3-seat breakfast bar. Additional operational conveniences include two hot water heaters and dual laundry connections (2 washer and 3 dryer connections). For flexibility and efficiency, utilities are separately metered for both water and electricity, and each unit has its own HVAC system.
Located just outside Knoxville city limits at 6628 Greer Rd, the property is described as about 15 minutes to Covenant Park, Neyland Stadium, and UTK, making it geared toward visiting groups. The asset operates as an established, booked Airbnb duplex and is noted as transferable for an operator seeking to take over the existing turnkey short-term rental setup.
Outside, the screened-in porch, multiple sitting areas, and BBQ patio are built for extended stays, with a massive private fenced backyard that includes a children’s playset. Parking is substantial for the size and use-case, with a gravel pull-through driveway accommodating 7+ vehicles and offering overflow space for trailers or boats. This combination of separate systems, two complete kitchens, and large outdoor space supports a range of short-term and furnished rental scenarios for tenants who want operational separation and group-friendly comfort.
Located just outside Knoxville city limits at 6628 Greer Rd, the property is described as about 15 minutes to Covenant Park, Neyland Stadium, and UTK, making it geared toward visiting groups. The asset operates as an established, booked Airbnb duplex and is noted as transferable for an operator seeking to take over the existing turnkey short-term rental setup.
Outside, the screened-in porch, multiple sitting areas, and BBQ patio are built for extended stays, with a massive private fenced backyard that includes a children’s playset. Parking is substantial for the size and use-case, with a gravel pull-through driveway accommodating 7+ vehicles and offering overflow space for trailers or boats. This combination of separate systems, two complete kitchens, and large outdoor space supports a range of short-term and furnished rental scenarios for tenants who want operational separation and group-friendly comfort.
Key Highlights
- Duplex configured for STR and group stays with a 4.72‑star rating across 54 reviews, currently booked and operating as an income‑producing property
- 5‑bedroom, 4‑bath footprint split into two fully equipped units with space for up to 17 guests across 9 beds
- Two full kitchens, two hot water heaters, and dual laundry hookups (2 washer and 3 dryer connections) across both units
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 | $35.6k | $15.00 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $33.1k | $13.93 |
| − OpEx | −$9.9k | −$4.18 |
| NOI | $23.2k | $9.75 |
2,376 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$304.6K
$266.5K – $355.4K
NOI $21,323 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,194 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex configured for flexible group stays, with separate utilities and HVAC plus abundant parking and outdoor living space.
Where is this duplex located?
The property is located at 6628 Greer Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Duplex configured for STR and group stays with a 4.72‑star rating across 54 reviews, currently booked and operating as an income‑producing property; 5‑bedroom, 4‑bath footprint split into two fully equipped units with space for up to 17 guests across 9 beds; Two full kitchens, two hot water heaters, and dual laundry hookups (2 washer and 3 dryer connections) across both units
