Three-Unit Triplex
701 North F Street Lenoir City, TN 37771
701 North F Street, Lenoir City, TN, 37771
$600,000
Pending
For Sale
$600,000
Pending
Practically new triplex with three 2-bedroom, 2-bath units and private decks, offering flexible owner-occupant or investor use.
Property Size2,475 SF
Days on Market50
Property Features for 701 North F Street
General Information
- Standard status
- Pending
- Size
- 2,475 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2025
Listing agency
River Rock Real Estate Group
(865) 635-9706
Listed by
Luke Noe · License #304073
Source
Compass
Added: Jun 3 Updated: Jul 10 at 1:51PM Checked: Jul 22 at 11:15AM
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 River Rock Real Estate Group
Investment Insights
Based on property information with market context.
This practically brand-new triplex includes three newly constructed residential units. Each unit offers 2 bedrooms and 2 full bathrooms with a spacious living area, stainless steel appliances, and a private deck. One unit is currently vacant, while the other two are in place as rental units. The property is configured as a three-unit income property designed to support both owner-occupancy and full leasing.
The triplex is located at 701 North F Street in Lenoir City, TN. The public remarks describe convenience to shopping, dining, schools, and major highways, which can help support tenant accessibility and day-to-day practicality.
For an investor, the current vacancy presents an opportunity to either lease all three units or consider an owner-occupant strategy while collecting rental income from the two occupied units. The unit mix is consistent across the building, with similar layouts and amenities including stainless steel appliances and private decks, which can simplify leasing and ongoing operations. For owner-occupants, the available unit provides a straightforward path to move in without sacrificing income potential from the remaining units.
The triplex is located at 701 North F Street in Lenoir City, TN. The public remarks describe convenience to shopping, dining, schools, and major highways, which can help support tenant accessibility and day-to-day practicality.
For an investor, the current vacancy presents an opportunity to either lease all three units or consider an owner-occupant strategy while collecting rental income from the two occupied units. The unit mix is consistent across the building, with similar layouts and amenities including stainless steel appliances and private decks, which can simplify leasing and ongoing operations. For owner-occupants, the available unit provides a straightforward path to move in without sacrificing income potential from the remaining units.
Key Highlights
- Practically new 3‑unit triplex built in 2025, with three 2‑bedroom, 2‑full‑bath units
- About 825 SF of living space per unit, each with a spacious living area and private deck
- Rents are $1,300 per month per unit; one unit is currently vacant for flexible occupancy
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
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Practically new triplex with three 2-bedroom, 2-bath units and private decks, offering flexible owner-occupant or investor use.
Where is this triplex located?
The property is located at 701 North F Street 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: Practically new 3‑unit triplex built in 2025, with three 2‑bedroom, 2‑full‑bath units; About 825 SF of living space per unit, each with a spacious living area and private deck; Rents are $1,300 per month per unit; one unit is currently vacant for flexible occupancy
