Turnkey Duplex Short-Term
6628 Greer Rd, Knoxville, TN 37918
For Sale
Contact for pricing
Pending
Duplex configured for flexible group stays, with separate utilities and HVAC plus abundant parking and outdoor living space.
Property Size2,376 SF
Days on Market157
Property Features for 6628 Greer Rd
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
Goldman Partners Realty
Listed By:
Solange Velas · License #TN 263596
(865) 444-3241
Source:
Crexi
Added: Jun 6
Changed: Nov 1
Last Checked: Nov 8 at 8:27AM
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
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Investment Insights
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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
Estimated NOI and Cap Rate
NOI / Yr
$23,172
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,440
$463.4K
Cap Rate 7%
$331,029
$331.0K
Cap Rate 9%
$257,467
$257.5K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$35.6K $15.00/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$33.1K $13.93/SF
− OpEx
−$9.9K −$4.18/SF
NOI
$23.2K $9.75/SF
Area
Knoxville, 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%
$463,440
Cap Rate 7%
$331,029
Cap Rate 9%
$257,467
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$304.6K
$266.5K – $355.4K
NOI $21,323 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$588.5K
$514.9K – $686.6K
NOI $41,194 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
171
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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
$237,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Knoxville, TN
Properties on Market for Duplexes in Knoxville
Vacancy Rate% for Multifamily in South region
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 $475,000.
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
