Four-Unit
For Sale
$460,000
719 NW Murray Drive Rd, Knoxville, TN 37912
Multi-Family, Knoxville, TN
Property Size3,256 SF
Lot Size0.52 Acres
Price / SF$141.28
Days on Market51
Property Features for 719 NW Murray Drive Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Parking features
Off Street
Window features
Aluminum Frames
Exterior features
Balcony
Directions
Clinton Hwy, turn right on Murray Dr, Property will be on the left in approx. 0.8 miles
Subdivision
Knox County - 1
Standard status
Active
APN
068JA005
Lot size
0.52 Acres
Taxes and HOA fees
Tax Annual Amount
1432
Utilities
Heating system
Ceiling, Electric (Heating), Central
Cooling system
Window Unit(s)
Building Details
Year built
1971
Number of units
4
Flooring type
Tile, Laminate
Building materials
Brick, Frame
Roof type
Shingle
Listing Agency:
Avison Young
(865) 450-8883
Listed By:
Lauren Farmer
(615) 879-8423
Added: Aug 27
Changed: Oct 8
Last Checked: Oct 16 at 2:06AM
MLS# 1353403
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.
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Investment Insights
Based on property information with market context.
This quadplex contains four residential units arranged as two 2BR/1BA apartments and two 1BR/1BA apartments. The approximately 3,256-square-foot building was constructed in 1971 on approximately 0.52 acres, with brick and frame construction, laminate and tile flooring, central and ceiling heating, window-unit cooling, off-street parking, and a balcony. Three apartments have been cleared and primed for completion, while one remains occupied under a one-year lease and the other three are vacant.
Recent property work includes a newer shingle roof, upgraded electrical service boxes, new concrete, gutters, landscape cleanup, and preparation of the vacant units for renovation. The property is located at 719 NW Murray Drive Rd in Knoxville, TN 37912.
Recent property work includes a newer shingle roof, upgraded electrical service boxes, new concrete, gutters, landscape cleanup, and preparation of the vacant units for renovation. The property is located at 719 NW Murray Drive Rd in Knoxville, TN 37912.
Key Highlights
- Four residential units: two 2BR/1BA and two 1BR/1BA
- Approximately 3,256‑square‑foot building on approximately 0.52 acres
- Three units cleared and primed for renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,754
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,080
$635.1K
Cap Rate 7%
$453,629
$453.6K
Cap Rate 9%
$352,822
$352.8K
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$48.8K $15.00/SF
− Vacancy
−$3.5K −$1.07/SF
EGI
$45.4K $13.93/SF
− OpEx
−$13.6K −$4.18/SF
NOI
$31.8K $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%
$635,080
Cap Rate 7%
$453,629
Cap Rate 9%
$352,822
Alternative Uses
Best Use
Multifamily LT 5
$453.6K
$396.9K – $529.2K
NOI $31,754 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$417.4K
$365.3K – $487.0K
NOI $29,220 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$806.4K
$705.6K – $940.9K
NOI $56,451 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with renovated infrastructure, three vacant units, and one occupied unit under a one-year lease.
Where is this quadplex located?
The property is located at 719 NW Murray Drive Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Four residential units: two 2BR/1BA and two 1BR/1BA; Approximately 3,256‑square‑foot building on approximately 0.52 acres; Three units cleared and primed for renovation
