4-Unit Apartment
For Sale
$389,900
725 Chilhowee St, Harriman, TN 37748
Residents are responsible for their own utilities, and off-street parking is available.
Property Size3,796 SF
Price / SF$102.71
Days on Market190
Property Features for 725 Chilhowee St
General Information
Standard status
Active
Size
3,796 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,833
Building Details
Building Size
3,796 SF
Year Built
1951
Buildings
1
Units
4
Listing Agency:
Southland Brokers
(865) 694-6111
Listed By:
Raj Cheema
(865) 466-7240
Source:
Carterchaserealty
Added: Apr 28
Changed: Oct 31
Last Checked: Oct 31 at 2:29PM
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 Southland Brokers
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 3,796 square feet and was built in 1951. Off-street parking serves the building, and tenants pay their own utility costs.
Key Highlights
- Four‑unit apartment property
- 3,796 square feet
- Built in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,067
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,340
$681.3K
Cap Rate 7%
$486,671
$486.7K
Cap Rate 9%
$378,522
$378.5K
Market Conditions
NOI Build-Up for 3,796 SF
Gross rent
$67.0K $17.64/SF
− Vacancy
−$5.0K −$1.32/SF
EGI
$61.9K $16.32/SF
− OpEx
−$27.9K −$7.34/SF
NOI
$34.1K $8.97/SF
Area
Roane County, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,340
Cap Rate 7%
$486,671
Cap Rate 9%
$378,522
Alternative Uses
Best Use
Multifamily LT 5
$528.9K
$462.8K – $617.0K
NOI $37,020 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$486.7K
$425.8K – $567.8K
NOI $34,067 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$940.2K
$822.7K – $1.10M
NOI $65,814 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
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Business Placement
Demographics for 37748, TN
17,227
Population
8,208
Households
2.1
Avg Household Size
45
Median Age
20%
College-Educated
87%
High-School Grad
106.6 sq mi
ZIP Area
162
Density / Sq Mi
$58,649
Median Household Income
$40,155
Median Earnings
$760
Median Rent
$173,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents are responsible for their own utilities, and off-street parking is available.
Where is this quadplex located?
The property is located at 725 Chilhowee St Harriman, TN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Four‑unit apartment property; 3,796 square feet; Built in 1951
