Brand-New Triplex
701 N F St Lenoir City, TN 37771
701 N F St, Lenoir City, TN, 37771
$600,000
Pending
For Sale
$600,000
Pending
MULTI_FAMILY - Lenoir City, TN
Property Size2,475 SF
Days on Market47
Property Features for 701 N F St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 2
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Standard status
- Pending
- APN
- 020K O 01300 000
- Size
- 2,475 SF
Taxes and HOA fees
- Tax Annual Amount
- 2811
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Number of units
- 3
- Building materials
- Vinyl Siding, Block, Frame
- Roof type
- Asphalt, Shingle
Listing Agency
River Rock Real Estate Group
(865) 635-9706
403 Rarity Bay Pkwy, Vonore, TN
Listed by
Luke Noe · License #304073
(865) 635-9706
Added: Jun 3 Checked: Jul 19 at 9:06 am
MLS# 1343301
Listing URL
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 practically brand-new triplex consists of three newly constructed residential units. Each unit offers 2 bedrooms and 2 full baths with a spacious living area, stainless steel appliances, and a private deck. One unit is currently vacant, creating flexibility for an owner-occupant while still generating rental income from the other two units, or for an investor to lease all three units.
The property is located in Lenoir City, Tennessee at 701 N F St, within Loudon County. The listing notes convenient access to shopping, dining, schools, and major highways, supporting everyday tenant needs.
For tenants, the layout is designed around privacy and comfort, with two full bathrooms and outdoor space via each private deck. For buyers, the current vacancy offers an opportunity to begin occupancy quickly without waiting on a turnover. The income profile listed for the two occupied units is $1,300 per month per unit, providing an initial benchmark for underwriting based on existing rents.
The property is located in Lenoir City, Tennessee at 701 N F St, within Loudon County. The listing notes convenient access to shopping, dining, schools, and major highways, supporting everyday tenant needs.
For tenants, the layout is designed around privacy and comfort, with two full bathrooms and outdoor space via each private deck. For buyers, the current vacancy offers an opportunity to begin occupancy quickly without waiting on a turnover. The income profile listed for the two occupied units is $1,300 per month per unit, providing an initial benchmark for underwriting based on existing rents.
Key Highlights
- Triplex under construction, year built 2025
- 3 newly constructed 2BD/2BA units; each unit includes spacious living area
- Approximately 825 SF of living space per unit
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 | $37.1k | $15.00 |
| − Vacancy | −$2.6k | −$1.07 |
| EGI | $34.5k | $13.93 |
| − OpEx | −$10.3k | −$4.18 |
| NOI | $24.1k | $9.75 |
2,475 SF · lease $15.00/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.8K
$301.7K – $402.3K
NOI $24,137 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$317.3K
$277.7K – $370.2K
NOI $22,212 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$613.0K
$536.4K – $715.2K
NOI $42,911 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Newly constructed three-unit triplex with 2-bedroom, 2-bath layouts, stainless appliances, and private decks—one unit vacant.
Where is this triplex located?
The property is located at 701 N F St Lenoir City, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Triplex under construction, year built 2025; 3 newly constructed 2BD/2BA units; each unit includes spacious living area; Approximately 825 SF of living space per unit
